SiriusXM Holdings Inc. shares are trading lower on Tuesday after the company released its outlook for the 2025 fiscal-year.

The Details: Sirius expects revenue of $8.5 billion, adjusted EBITDA of $2.6 billion and free cash flow of $1.15 billion. It anticipates free cash flow conversion to increase approximately 44% in 2025.

Previously, the company reaffirmed its 2024 fiscal-year guidance. The company had guided revenue of $8.67 billion, adjusted EBITDA of $2.7 billion and free cash flow of about $1 billion for the 2024 fiscal-year. It anticipates free cash flow conversion to grow by about 37% in 2024.

What Else: The company made several other important announcements, including a $1.16 billion stock buyback program. It also announced that it appointed Wayne D. Thorsen as its Executive Vice President and COO.

Jennifer Witz, CEO of SiriusXM, said, “Wayne is a seasoned leader who brings significant experience driving business development and innovation, and he is well-positioned to help guide the Company through this next chapter as we sharpen our focus on delivering meaningful results alongside greater efficiency. While at Google, where Wayne led business development for the devices and services division, Wayne was a wonderful partner for SiriusXM, and I look forward to working closely with him to drive SiriusXM forward.”

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SIRI Price Action: At the time of writing, SiriusXM stock is trading 12.2% lower at $25.23, according to data from Benzinga Pro.

Image: Image via SiriusXM