SiriusXM is providing 2025 guidance for total revenue of $8.5B, adjusted EBITDA of $2.6B, and free cash flow of $1.15B. This follows the company’s reaffirmation of its 2024 guidance for total revenue of approximately $8.675B, adjusted EBITDA of approximately $2.7B, and free cash flow of approximately $1B. 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 $1.5B in 2027.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIRI:
- Warren Buffett’s Contrarian Bets on 2 Stocks Bank of America Warns Against
- New Legal Battles Hit SiriusXM (NASDAQ:SIRI)
- Sirius XM downgraded to Hold from Buy at Spin-Off Research
- Sirius XM price target raised to $21 from $20 at JPMorgan
- Sirius XM price target lowered to $37 from $40 at Pivotal Research