Satellite and digital broadcaster SiriusXM reports its operating results for the fourth quarter of 2023 and the full year of 2023. For Q4, the company reports total revenue was basically flat at $2.28 billion compared to the same period in 2022. For the full year of 2023, total revenue was $8.9 billion, down just a half percent from the full year of 2022. For Q4, SiriusXM reports net income of $350 million, a decline of 3.5% from Q4 of 2022. For the full year of 2023, net income was $1.25 billion, up 3.7% over the net
income of $1.21 billion reported for the full year of 2022. The company says, “SiriusXM added approximately 131,000 new self-pay subscribers in the fourth quarter of 2023. For the full-year 2023, self-pay subscribers decreased by 445,000 and we ended 2023 with approximately 34 million total subscribers.” SiriusXM CEO Jennifer Witz comments, “In 2023, SiriusXM laid the groundwork for future growth through the successful launch of our next-generation platform and the new SiriusXM app. Our commitment to growth was also demonstrated by strategic content investments that expanded our reach to new listeners and by staying true to our identity as a hub for curated, live and on-demand audio experiences. As we look to 2024, our guidance reflects substantial efforts and investments to enhance the value proposition of our subscription and advertising businesses, which we believe will strengthen our long-term growth profile.”
