Overview
- Berkshire Hathaway added about $106 million of Sirius XM stock in August, bringing its ownership to roughly 37% of the outstanding shares.
- Liberty Media split off Sirius XM in 2024 and executed a 1-for-10 reverse split, leaving former Liberty shareholders with more than 80% of the new company.
- Sirius XM shares are down about 63% over five years, and the stock now carries an approximately 5% dividend yield.
- Both the Sirius and Pandora services reported year-over-year subscriber declines at the end of the second quarter, and revenue fell, while management projects free cash flow growth in coming years.
- Sirius XM holds the only FCC license for satellite digital audio radio, yet streaming rivals have pressured growth, and some Wall Street analysts continue to recommend selling the stock.