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SiriusXM Shake-Up: $200M in Cost Cuts, Pivot Away From Streaming

The company will also move its marketing and other resources away from “high-cost, high-churn audiences in streaming."

SiriusXM Plans $200M In Cost Cuts In Pullback From Streaming, "Doubling Down" On Core Auto Market; Stock Tumbles 10% On Revenue Outlook

Satellite audio firm SiriusXM is aiming to trim costs by $200 million in 2025 as it shifts away from streaming and refocuses on its core automotive market. The news, announced in a press release, follows efforts in 2023 and 2024 to achieve about $350 million in cost savings.

TheWrap on MSN · 1d

SiriusXM to Cut $200 Million in Costs, Pivot Resources Away From Streaming

SiriusXM has outlined a new strategic plan that will include $200 million in cost cuts and pivoting resources away from streaming. "At SiriusXM, we are focusing on the strengths that set us apart - including our strong core subscriber base,

10h

Can Sirius XM Stock Bounce Back From Tuesday's 12% Drop?

Weak guidance for 2025 is the latest hit for the satellite radio operator -- but it could be opportunity knocking.

20h

Sirius XM's Strategy Shift Reveals Its Struggles

Sirius XM communicated an important strategic shift which somewhat justifies long-existing investor scepticism. Read more ...

Music Ally15h

SiriusXM refocuses on in-car customers after streaming expansion

Discover how SiriusXM is refocusing on in-car satellite-radio customers to increase retention and capture growth opportunities.

17h

Sirius XM price target lowered to $32 from $43 at Benchmark

Benchmark lowered the firm’s price target on Sirius XM (SIRI) to $32 from $43 and keeps a Buy rating on the shares following the company’s ...

SiriusXM Shares Crash 9%--New Plan Bets Big on Cars, Cost Cuts, and Shareholder Rewards

Disappointing revenue forecast shakes investors, but SiriusXM doubles down on in-car dominance and aggressive efficiency ...

Sirius XM stock falls as 2025 revenue outlook falls short of expectations

Sirius XM (NASDAQ:SIRI) stock fell 8.5% after the company's 2025 revenue outlook fell short of expectations. The firm said it ...

18h

Skepticism Surrounding Sirius XM Holdings’ Growth Prospects Leads to Sell Rating

Morgan Stanley analyst Cameron Mansson-Perrone has maintained their bearish stance on SIRI stock, giving a Sell rating yesterday.Pick the best ...

Why Sirius XM Holdings Stock Was Falling Today

Sirius XM Holdings (NASDAQ: SIRI), the operator of the country's only satellite radio company, provided a disappointing ...

The Desk on MSN1d

SiriusXM revises 2025 revenue forecast, appoints new COO

After trying to build their app into a standalone business, SiriusXM will now target drivers who have tuners in cars. This article, SiriusXM revises 2025 revenue forecast, appoints new COO, was first ...

Space.com on MSN6d

SpaceX Falcon 9 rocket launches Sirius XM radio satellite (video)

SpaceX launched the SXM-9 satellite Thursday morning (Dec. 5), for SiriusXM satellite radio. The payload is the tenth ...

Hosted on MSN19h

SiriusXM’s ‘Auto Trends’ Talks to the Only Black Executive to Manage A $3.5 Billion Car Ad Budget

With DEI being such a lightning rod in schools of higher learning and corporate America these days, it’s no coincidence ...

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