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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%.
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SiriusXM Holdings ejecutó una división de acciones inversa de 1 por 10 después de su spin-off de Liberty Media.