옵션 체인은 다양한 행사가격과 만기일에 대한 Sirius XM Holdings의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Sirius XM Holdings에 대한 시장 심리를 평가합니다..

Sirius XM Holdings (NASDAQ:SIRI) 주식, 옵션 체인

Sirius XM Holdings

Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.

News

Movers

SIRI

시리우스XM 홀딩스(NASDAQ:SIRI) 주식은 회사가 2025 회계연도 전망을 발표한 후 화요일에 12% 이상 급락했다. 상세 내용: 시리우스는 2025년 매출이 85억 달러, 조정 EBITDA가 26억 달러, 잉여 현금 흐름이 11.5억 달러가 될 것으로 예상하고 있다. 또한 2025년에는 잉여 현금 흐름 전환율이 약 44% 증가할 것으로 예상하고 있다.

화요일 시리우스XM의 주식이 12% 이상 급락: 무슨 일이?

Large Cap

Trading Ideas

AMZN

LINE

MBLY

RIVN

UTHR

이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 텐센트 뮤직 엔터테인먼트 그룹(NYSE:TME)이 2분기 매출 부진을 보고한 후 주가는 18.18% 하락했다. 몇몇 분석가들은 주식의 목표 주가를 낮췄다. 

리비안과 치폴레는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (8월 11일-8월 17일)

AVTR

CBRE

ENPH

FCNCA

LPLA

MANH

SPOT

이들 11개 대형주는 지난주 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? QXO(NASDAQ:QXO)의 주가는 사모 금융 유치를 발표한 이후 33.37% 상승했다.

유니버셜 헬스 및 록히드 마틴은 지난주 최고 성과를 보여준 11개 대형주 중 일부 (7월 21일-7월 27일)

Sirius XM Holdings Inc

SIRIOS RESOURCES CORP by Sirios Resources Inc.

Sirios Resources Inc

SIRIUS REAL EST LTD ORD by SIRIUS REAL ESTATE LTD

Sirius Real Estate Ltd

SiriusPoint Ltd

SiriusPoint Ltd. 8.00% Resettable Fixed Rate Preference Shares, Series B, $25.00 liquidation preference per share

Guggenheim analyst Curry Baker reiterates Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Buy and maintains $30 price target.

Price Target

Reiteration

Analyst Ratings

Guggenheim Reiterates Buy on Sirius XM Holdings, Maintains $30 Price Target

Rosenblatt analyst Barton Crockett maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Neutral and raises the price target from $28 to $29.

Rosenblatt Maintains Neutral on Sirius XM Holdings, Raises Price Target to $29

Seaport Global analyst David Joyce downgrades Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) from Buy to Neutral.

Downgrades

Seaport Global Downgrades Sirius XM Holdings to Neutral

SiriusXM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) shares are trading lower on Tuesday after the company released its outlook for the 2025 <a href="https://www.benzinga.com//node/42411669">fiscal-year</a>.
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, &#8220;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.&#8221;
Related Link: <a href="https://www.benzinga.com/24/12/42419990/gold-gains-over-1-ollies-bargain-outlet-shares-jump-after-q3-earnings">Gold Gains Over 1%; Ollie&#8217;s Bargain Outlet Shares Jump After Q3 Earnings</a>
SIRI Price Action: At the time of writing, SiriusXM stock is trading 12.2% lower at $25.23, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image via SiriusXM

What's Going On With SiriusXM Shares Tuesday?

WIIM

SiriusXM shares are trading lower following the company's financial outlook.

As the Company Sharpens Its Focus on Its Core Business,&nbsp;Thorsen Will Play a Critical Role in Aligning Technology, Commercial, and Strategy
NEW YORK, Dec. 10, 2024 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) today announced that it has appointed Wayne D. Thorsen, former Executive Vice President and Chief Business Officer of ADT Inc., to serve as SiriusXM's Executive Vice President and Chief Operating Officer, effective December 16, 2024.

Management

SiriusXM Appoints Wayne D. Thorsen Executive Vice President And Chief Operating Officer, Effective December 16, 2024

2025 Outlook
In conjunction with today's update, SiriusXM is providing 2025 guidance for total revenue of $8.5 billion, adjusted EBITDA of $2.6 billion, and free cash flow of $1.15 billion. This follows the Company's reaffirmation of its 2024 guidance for total revenue of approximately $8.675 billion, adjusted EBITDA of approximately $2.7 billion, and free cash flow of approximately $1 billion. Aligned with its enhanced focus on free cash flow, the Company expects free cash flow conversion, free cash flow as a percentage of EBITDA, to increase from approximately 37% in 2024 to approximately 44% in 2025. Additionally, the Company is targeting free cash flow of $1.5 billion in 2027.
The Company excludes from adjusted EBITDA the impact of other income (expense), gain on extinguishment of debt, impairment, restructuring and other costs, other non-cash charges such as share-based payment expense, and legal settlements and reserves (if applicable). Similarly, free cash flow does not include certain items that do not relate to the on-going performance of the Company's business, such as cash flows related to acquisitions, strategic and short-term investments, including tax efficient investments in clean energy. Free cash flow may also be negatively impacted by legal settlements which are excluded from adjusted EBITDA.
Adjusted EBITDA and free cash flow are non-GAAP financial measures. The Company has not provided a reconciliation of adjusted EBITDA to projected net income (loss) or free cash flow to net cash provided by operating activities because full-year net income (loss) and net cash provided by operating activities will include special items that have not occurred and are difficult to predict with reasonable certainty. Due to this uncertainty, the Company cannot reconcile adjusted EBITDA and free cash flow to their comparable GAAP measures without unreasonable effort.

Guidance

SiriusXM Sees FY25 Revenue $8.5B, Adj EBITDA Of $2.6B, And Free Cash Flow Of $1.15B

Investors with a lot of money to spend have taken a bullish stance on Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SIRI, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Sirius XM Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 30%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $391,095, and 4 are calls, for a total amount of $237,780.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $27.0 for Sirius XM Holdings during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Sirius XM Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Sirius XM Holdings's substantial trades, within a strike price spectrum from $13.0 to $27.0 over the preceding 30 days.
<h3>Sirius XM Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731955522_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.2</td>
<td>$4.1</td>
<td>$4.2</td>
<td>$23.00</td>
<td>$111.7K</td>
<td align="right">226</td>
<td>2</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.67</td>
<td>$2.66</td>
<td>$2.66</td>
<td>$27.00</td>
<td>$108.7K</td>
<td align="right">876</td>
<td>1.4K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.6</td>
<td>$2.59</td>
<td>$2.6</td>
<td>$27.00</td>
<td>$100.1K</td>
<td align="right">876</td>
<td>2.9K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.71</td>
<td>$2.65</td>
<td>$2.65</td>
<td>$27.00</td>
<td>$79.5K</td>
<td align="right">876</td>
<td>401</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$2.95</td>
<td>$2.94</td>
<td>$2.94</td>
<td>$25.00</td>
<td>$58.9K</td>
<td align="right">241</td>
<td>205</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.
<h3>Present Market Standing of Sirius XM Holdings</h3>
<ul>
<li>Currently trading with a volume of 2,373,953, the SIRI's price is down by -1.57%, now at $25.39. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 73 days.</li>
</ul>
<h3>What The Experts Say On Sirius XM Holdings</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $27.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Underweight rating for Sirius XM Holdings, targeting a price of $21. 
&#x2A; An analyst from B of A Securities downgraded its action to Underperform with a price target of $23. 
&#x2A; Consistent in their evaluation, an analyst from Pivotal Research keeps a Buy rating on Sirius XM Holdings with a target price of $37. 
&#x2A; An analyst from Rosenblatt persists with their Neutral rating on Sirius XM Holdings, maintaining a target price of $28. 
&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Sirius XM Holdings, targeting a price of $28. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sirius XM Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Unpacking the Latest Options Trading Trends in Sirius XM Holdings

BRK/A

FWONA

FWONK

Berkshire Hathaway 13F Shows Exited Position In Liberty Media Corp Series C, Previously Holding 70M Shares, Worth $1.55B; Exited Position In Liberty Media Corp Series A, Previously Holding 35.18M Shares, Worth $779.3M; Exited Position In Floor & Decor Holdings, Previously Holding 3.98M Shares, Worth $395.4M; Exited Position In Sirius XM Holdings Inc, Previously Holding 132.88M Shares, Worth $376M

POOL

Berkshire Hathaway 13F Shows Added New Stake In Sirius XM Holdings With 105.16M Shares, Worth $2.49B; Added New Stake In Domino's Pizza With 1.28M Shares, Worth $549.4M; Added New Stake In Pool Corp With 404,057 Shares, Worth $152.2M

Berkshire Hathaway Inc. Added New Stake In Sirius XM Holdings Inc With 105.16M Shares, Worth $2.49B

Sirius XM Holdings Option Alert: Jan 17 $30 Calls Sweep (54) Near The Ask: 2500 @ $1.193 Vs 15057 OI; Ref=$27.44

JP Morgan analyst Sebastiano Petti maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Underweight and raises the price target from $20 to $21.

JP Morgan Maintains Underweight on Sirius XM Holdings, Raises Price Target to $21

Deep-pocketed investors have adopted a bearish approach towards Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SIRI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Sirius XM Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 44% bearish. Among these notable options, 2 are puts, totaling $73,900, and 7 are calls, amounting to $1,172,700.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $23.0 and $28.0 for Sirius XM Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Sirius XM Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Sirius XM Holdings's significant trades, within a strike price range of $23.0 to $28.0, over the past month.
<h3>Sirius XM Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730835991_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$4.3</td>
<td>$3.8</td>
<td>$4.02</td>
<td>$25.00</td>
<td>$1.0M</td>
<td>71</td>
<td>2.5K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.5</td>
<td>$3.2</td>
<td>$3.5</td>
<td>$26.00</td>
<td>$46.2K</td>
<td>1</td>
<td>138</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$23.00</td>
<td>$31.2K</td>
<td>7.8K</td>
<td>109</td>
</tr>
<tr>
<td>SIRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.1</td>
<td>$4.05</td>
<td>$4.1</td>
<td>$23.00</td>
<td>$28.7K</td>
<td>7.8K</td>
<td>229</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.84</td>
<td>$2.77</td>
<td>$2.77</td>
<td>$28.00</td>
<td>$27.7K</td>
<td>564</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.
<h3>Where Is Sirius XM Holdings Standing Right Now?</h3>
<ul>
<li>With a volume of 2,023,037, the price of SIRI is down -2.98% at $26.83. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 86 days.</li>
</ul>
<h3>Expert Opinions on Sirius XM Holdings</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $33.2.
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&#x2A; An analyst from Pivotal Research persists with their Buy rating on Sirius XM Holdings, maintaining a target price of $37. 
&#x2A; An analyst from B of A Securities downgraded its action to Underperform with a price target of $23. 
&#x2A; An analyst from Barrington Research persists with their Outperform rating on Sirius XM Holdings, maintaining a target price of $40. 
&#x2A; An analyst from Benchmark downgraded its action to Buy with a price target of $43. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on Sirius XM Holdings with a target price of $23. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Sirius XM Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

This Is What Whales Are Betting On Sirius XM Holdings

Barrington Research analyst James Goss maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Outperform and maintains $40 price target.

Barrington Research Maintains Outperform on Sirius XM Holdings, Maintains $40 Price Target

Goldman Sachs analyst Stephen Laszczyk maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Neutral and lowers the price target from $26 to $23.

Goldman Sachs Maintains Neutral on Sirius XM Holdings, Lowers Price Target to $23

Rosenblatt analyst Barton Crockett maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Neutral and maintains $28 price target.

Rosenblatt Maintains Neutral on Sirius XM Holdings, Maintains $28 Price Target

Pivotal Research analyst Jeffrey Wlodarczak maintains Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Buy and lowers the price target from $40 to $37.

Pivotal Research Maintains Buy on Sirius XM Holdings, Lowers Price Target to $37

Sirius XM Holdings Inc&nbsp;(NASDAQ:&nbsp;SIRI) reported a fiscal third-quarter 2024 revenue decline of 4% year-on-year to $2.17 billion, marginally missing the <a target="_blank" href="https://investor.siriusxm.com/" rel="noreferrer noopener">analyst consensus estimate of&nbsp;$2.19 billion</a>.&nbsp;Adjusted EPS of $1.17 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.78</a>.&nbsp;
Subscriber revenue was $1.65 billion in the quarter,&nbsp;down from&nbsp;$1.73 billion a year ago. Advertising revenue was $450 million, down from $460 million a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41654520/roblox-q3-earnings-bookings-jump-34-user-base-hits-89-million-raises-annual-outlook" rel="noreferrer noopener">Roblox Q3 Earnings: Bookings Jump 34%, User Base Hits 89 Million, Raises Annual Outlook</a>
For the year, SiriusXM self-pay subscribers decreased by 314,000 to 31.5 million total subscribers, a 1% decline year over year.
The self-pay monthly churn remained firm Y/Y at 1.6% for the quarter.&nbsp;SiriusXM self-pay subscribers increased by 110,000 in the quarter.
SiriusXM segment revenue declined 5% year over year to $1.63 billion during the quarter, driven by a lower average base of self-pay subscribers and a $0.53 year-over-year decrease in average revenue per user (ARPU).
ARPU decreased to $15.16 from $15.69 Y/Y. SiriusXM segment gross margin declined 100 bps to 60% Y/Y.
Pandora segment advertising revenue declined 2% Y/Y at $409 million for the quarter.&nbsp;
Pandora's Monthly Active Users (MAUs) were 43.72 million, down from 46.50 million in 2023. The total number of ad-supported listener hours was 2.47 billion in the quarter, down from 2.64 billion Y/Y. 
The Pandora segment gross margin improved to 34% for the quarter from 33% a year ago, while the gross profit improved by 4% year over year.
The adjusted EBITDA declined 7% Y/Y at $693 million due to lower subscriber revenue.
The company reported a net loss of $2.96 billion due to an impairment charge of $3.36 billion associated with the Liberty Media transaction.
In September, Liberty Media Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONA#NASDAQ">FWONA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWONK#NASDAQ">FWONK</a>) and Sirius XM Holdings <a target="_blank" href="https://investor.siriusxm.com/news-events/press-releases/detail/2104/liberty-media-and-sirius-xm-announce-completion-of" rel="noreferrer noopener">announced the completion</a> of their split-off of Liberty Sirius XM Holdings.
Shortly after, a subsidiary of New Sirius merged with Sirius XM Inc (formerly Sirius XM Holdings, "Old Sirius"), with Old Sirius continuing as a wholly owned subsidiary of New Sirius. These transactions now position New Sirius as an independent public company, fully separated from Liberty Media and renamed Sirius XM Holdings Inc.
Sirius generated $93 million in free cash flow in the quarter, down from $258 million in the prior year due to the impact from transaction-related expenses. It held $127 million in cash and equivalents as of September 30, 2024.
FY24 Outlook: Sirius XM&nbsp;expects revenue of $8.675 billion (prior $8.75 billion) versus the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $8.75 billion</a>. It also maintained an adjusted EBITDA of $2.70 billion and expects a free cash flow of $1.00 billion (<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40106812/sirius-xm-q2-earnings-subscriber-loss-liberty-media-transaction-to-close-in-september-stock-falls" rel="noreferrer noopener">prior $1.20 billion</a>).
Sirius XM stock has lost 51% year-to-date.
Price Action: SIRI stock is down 0.93% at $27.14 at the last check on Thursday.
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Earnings

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