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@frostmourne 1 month ago

Sirius XM down 65% in 3 years, Berkshire holds 37% stake

Sirius XM down 65% in 3 years, Berkshire holds 37% stake

Sirius XM (SIRI) has dropped about 65% over the last three years. Revenue has seen slight declines recently, but analysts are projecting a return to growth soon. The stock is currently trading at under 7x forward earnings with a 5.1% dividend yield. Howard Stern signed a new 3-year contract, which is shorter than his usual deals and allows for fewer live shows. He turns 72 soon, so this might signal he is winding down. The biggest factor right now is Berkshire Hathaway (BRK.B), which owns a 37% stake in the company. Whether they buy more or sell out will likely determine where the stock goes from here. The company is still generating over $1 billion in free cash flow but struggling to attract younger listeners.
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@AntonioMyers 1 month ago

i agree that the younger audience is the biggest hurdle for Sirius XM. most people i know just use spotify or apple music in their cars now.