Sirius XM Holdings (SIRI) Stock Forecast for 2024, 2025, 2026. Sell or Buy?

The chart below shows the historical price of Sirius XM Holdings stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Sirius XM Holdings stock price can be found in the table below.

Long-term forecasts by years.

Sirius XM Holdings (NASDAQ:SIRI) saw a 3.5% rise in Siri stock following third-quarter profits that surpassed expectations. Despite this, the company noted an unexpected decline in the number of self-pay subscribers. However, they maintained their overall guidance for the full year.

Revenues slightly dipped to $2.27 billion, falling short of predictions by approximately $20 million. On the bright side, total operating costs significantly fell by 6%, elevating operating income by 21% to reach $564 million.

Lowered income tax and adjustments made to earnings before interest, taxes, depreciation, and amortization resulted in a remarkable 47% surge in net income amounting to $363 million. However, the number of pay-as-you-go customers dropped by 96,000, with an average monthly churn rate landing at 1.6%, thus causing a slight dip in the subscriber base.

In terms of Sirius XM’s operations, user revenue underwent a minor fall from last year’s figure of $15.72, going down to $15.69 per user currently. For Pandora and off-platform services, though, ad support listener hours reduced, whereas ad revenue per thousand listener hours saw a slight increase.

Examining the revenue breakdown shows that subscriber revenue held steady at $1.73 billion while advertising received similar treatment, remaining flat at roughly $460 million. Conversely, equipment revenue decreased by about 2%, amounting to around $49 million, while other income went down drastically by approximately 15.4%, resulting in an estimated $33 million.

Free cash flow also took a hit as it came down from last year’s impressive figure of $329 million, ending up around this year’s estimate, which is approximately $291 million, primarily due to increases in capital expenditure.

As we approach Sirius XM’s end-year predictions for 2023, full-year guidance for revenues stands sturdy around the impressive figure of about $9 billion, which aligns perfectly with market expectations. EBITDA hangs around $2.75 billion, while free cash flow is expected to reach approximately $1.15 billion.

Sirius XM Holdings Inc. provides satellite radio services on a subscription basis in the United States. It broadcasts music, sports, entertainment, comedy, talk, news, travel, and weather channels, including various music genres such as rock, pop, and hip-hop, country, dance, jazz, Latin, and classical; live broadcasts of sports from various leagues and colleges; various conversational and entertainment channels for different audiences; national, international, and financial news; and limited launch channels.

Sirius XM Holdings last paid dividends on 11/05/2024. The next scheduled payment will be on 11/21/2024. The amount of dividends is $1.064 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.