In the first quarter of 2025, SiriusXM reported a loss of 303,000 self-pay subscribers, concluding with a total of 33 million subscribers. Overall revenue fell by 5% to $2.06 billion, and net income dropped to $204 million. CEO Jennifer Witz expressed confidence in the company's resilience despite economic uncertainties, highlighting strong customer satisfaction. CFO Tom Barry noted that they do not expect current economic factors, like new car sales tariffs, to significantly affect financial performance, as the company continues to focus on boosting its in-car subscriber base.
SiriusXM lost around 303,000 self-pay subscribers in Q1 2025 amid declining revenues, resulting in an overall subscriber count of 33 million.
Our business remains resilient, buoyed by our industry leading customer satisfaction and the essential nature of our service to our core subscriber base.
We do not anticipate that tariff-related pressure on new car sales will have a material impact on our subscriber or financial performance this year.
Overall revenue fell 5 percent to $2.06 billion from a year-earlier $2.16 billion, reflecting challenges within the company's subscription and advertising segments.
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