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SiriusXM Swings to Q3 Loss, Revenue Falls; Cuts 2024 Revenue Guidance
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SiriusXM Swings to Q3 Loss, Revenue Falls; Cuts 2024 Revenue Guidance
Nov 3, 2024 3:39 PM

09:22 AM EDT, 10/31/2024 (MT Newswires) -- SiriusXM Holdings (SIRI) reported a Q3 loss Thursday of $8.74 per diluted share, compared with net income of $0.82 per diluted share a year earlier.

Total revenue for the quarter ended Sept. 30 was $2.17 billion, down from $2.27 billion a year earlier.

Analysts polled by Capital IQ expected $2.19 billion.

The company said it now expects 2024 total revenue of $8.68 billion, compared with $8.75 billion previously. Analysts surveyed by Capital IQ expect $8.75 billion.

SiriusXM shares were down more than 4% in premarket activity Thursday.

Price: 26.21, Change: -1.18, Percent Change: -4.31

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