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.
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