Overview
- Sirius XM reported 31.2 million self-pay subscribers at Sept. 30, down from 31.5 million a year earlier after three years of slippage.
- Free cash flow rose 176% year over year to $257 million in Q3, and executives target $1.5 billion in 2027 versus about $1.225 billion this year.
- Shares are down roughly 67% over five years as of Nov. 19, even with Berkshire Hathaway holding about 37% of the company.
- The stock trades near 6.9 times forward earnings and offers a dividend yield of about 5.24%.
- The article argues that streaming competition from Apple, Alphabet, and Spotify weakens satellite radio’s appeal, so consistent user growth is needed before buying.