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SiriusXM Loses 303K Subscribers Amid Q1 Revenue Drop

5/2/2025

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Summary

Story summary

SiriusXM faced a significant setback in Q1 2025, shedding 303,000 self-pay subscribers and bringing its total to 33 million. Revenue dipped 5% to $2.06 billion, with net income falling to $204 million. Amid economic uncertainty affecting car sales, CEO Jennifer Witz and CFO Tom Barry remain optimistic, targeting $200 million in cost savings by 2025.

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Story summary

SiriusXM faced a significant setback in Q1 2025, shedding 303,000 self-pay subscribers and bringing its total to 33 million. Revenue dipped 5% to $2.06 billion, with net income falling to $204 million. Amid economic uncertainty affecting car sales, CEO Jennifer Witz and CFO Tom Barry remain optimistic, targeting $200 million in cost savings by 2025.