SIRI Stock Recent News

Sirius XM Holdings remains a favorite of Warren Buffett, despite potential pressure from an economic slowdown and ad market weakness in 2025. The radio broadcasting company is focusing on new subscription tiers, including plans to introduce an ad-supported tier to attract more budget-conscious consumers. Buffett's Berkshire Hathaway has increased its stake in Sirius XM to 120 million shares.

To say that SiriusXM (SIRI 2.09%) has underperformed the stock market would be a big understatement. The stock declined by nearly 60% in 2024 -- a year when the S&P 500 increased by more than 20%.

For investors who are old enough to remember, the latter half of 1990s was an incredible time. The advent of the internet and the subsequent proliferation of personal computers was going strong, yet conventional cable television and broadcast radio were still the chief way people consumed live media.

Berkshire Hathaway has been increasing its position in Sirius XM Holdings, sparking debate among investors about the wisdom of investing in a satellite radio company. The bull case highlights SIRI's reasonable valuation, potential for significant free cash flow improvement, and the stickiness of its customer base despite streaming competition. Sirius XM's management is cutting costs and investing in growth initiatives like an online streaming service to attract younger subscribers, aiming for $1.8B in free cash flow.

Last year, Warren Buffett, through his conglomerate Berkshire Hathaway (BRK.A -0.33%) (BRK.B -0.19%) was a huge net seller of stocks. The Oracle of Omaha took a hacksaw to his two largest stakes in Apple and Bank of America, selling a massive $133 billion against just $6 billion in buys through the first nine months of 2024.

Sirius XM Holdings Inc. NASDAQ: SIRI operates the country's only FCC-licensed satellite radio service, SiriusXM. The subscription service offers over 200 channels of music, news, talk, podcasts, sports and entertainment.

The Omaha, Nebraska-based conglomerate purchased roughly 2.3 million shares for about $54 million in separate transactions Thursday through Monday.

Sirius XM Holdings (SIRI -2.21%) can't seem to catch a break. It posted better-than-expected results late last week, sending the shares 6% higher on Thursday.

The headline numbers for Sirius XM (SIRI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Sirius XM's fourth-quarter 2024 results are likely to suffer from lower subscriber growth, declining ad revenues and intense competition.