Tag: Jennifer Witz

SiriusXM is coming off a quarter in which it reported adjusted EBITDA of $693 million, a figure that was down 7% year-over-year and attributed to diminished subscriber revenue.

In so many words, SiriusXM decided that streaming audio is a tough business if your company is not named Spotify, Apple, or Amazon.

"We can look to pursue a slightly broader set of audiences, because we’re selling to advertisers across audiences and they want to make sure they have younger audiences as well.”

"This is an important time for SiriusXM, and strong execution will be critical as the Company implements its new strategy."

Despite the subscriber loss, the company's quarterly revenue actually rose 1% to $2.16 billion, up from $2.14 billion compared to the same quarter last year.

"While it may not be the largest driver of time spent listening, it is really important as part of the value proposition."

" "From uniting teams and better aligning initiatives, to investing in new technologies that will power our transformation, we are focused on increasing efficiencies and redeploying resources to support the strategic priorities of our business.”

"We’re going to try to put together an audio DNA recommendation for you where you’re going to be in a position to hopefully get things that matter to you."

"Today is one of the most difficult days we’ve had to face as a team..."

"Today is one of the most difficult days we’ve had to face as a team."