SIRI Stock Recent News

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.

Sirius XM (SIRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

One of the more interesting turnaround stories in the market is that of Sirius XM Holdings. As the stock plunged by more than 58% in 2024, none other than Warren Buffett's Berkshire Hathaway (BRK.A -0.03%) (BRK.B 0.13%) scooped up even more shares.

In 1973, Berkshire Hathaway (BRK.A 1.42%) (BRK.B 1.11%) held its first annual shareholder meeting in the cafeteria of one of its subsidiaries and drew a few dozen people. Roughly 50 years later, around 40,000 people make the pilgrimage to Omaha each year.