Reported 1 day ago
Sirius XM Holdings shares dropped 8.9% following a disappointing financial performance update and lower revenue guidance for 2025, which was below investor expectations. The company announced plans for $200 million in annual savings, focusing on automotive business growth and advertising, while appointing a new COO, Wayne Thorsen. Despite its unique market position in satellite radio, growth has stagnated, leading to investor concerns.
Source: YAHOO