SiriusXM Holdings executed a 1-for-10 reverse stock split after its spin-off from Liberty Media.

SiriusXM Holdings executed a 1-for-10 reverse stock split following its spin-off from Liberty Media, reducing shares outstanding by 12% and elevating its stock price. The company projects $8.75 billion in revenue and $2.7 billion in adjusted EBITDA for the year, alongside a $1.166 billion share repurchase program. Despite profitability, SiriusXM faces challenges in revenue and subscriber growth, raising investor concerns. Its current dividend yield is 4.6%.

September 21, 2024
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