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Based on the quarter ended March 2023 financial results on investor.siriusxm.com, as per attached image and discuss whether  Sirius XM's recent financial reports indicate that its business model is working. (i) Are its subscription fees increasing or declining? (ii) Are its revenue stream advertising and equipment sales growing or declining? (iii)Does its cost structure allow for acceptable profit margins

Based on the quarter ended March 2023 financial results on investor.siriusxm.com, as per attached image and discuss whether  Sirius XM's recent financial reports indicate that its business model is working. (i) Are its subscription fees increasing or declining? (ii) Are its revenue stream advertising and equipment sales growing or declining? (iii)Does its cost structure allow for acceptable profit margins

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Based on the quarter ended March 2023 financial results on investor.siriusxm.com, as per attached image and discuss whether  Sirius XM's recent financial reports indicate that its business model is working.

(i) Are its subscription fees increasing or declining?

(ii) Are its revenue stream advertising and equipment sales growing or declining?

(iii)Does its cost structure allow for acceptable profit margins

(in millions, except per share data) Revenue: Subscriber revenue Advertising revenue Equipment revenue Other revenue Total revenue Operating expenses: Cost of services: SIRIUS AM HULDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) Revenue share and royalties Programming and content Customer service and billing Transmission Cost of equipment Subscriber acquisition costs Sales and marketing Engineering, design and development General and administrative Depreciation and amortization Impairment, restructuring and acquisition costs Total operating expenses Income from operations Other (expense) income: Interest expense Other income Total other expense Income before income taxes Income tax expense Net income Foreign currency translation adjustment, net of tax Total comprehensive income Net income per common share: Basic Diluted abrese daten die M For the Three Months Ended March 31, 2023 2022 $ S S S $ 1,691 S 375 46 32 2,144 700 150 122 49 3 90 224 79 147 136 32 1,732 412 (107) 3 (104) 308 (75) 233 S 233 S 0.06 S 0.06 S 1,713 383 53 37 2,186 570 40 125 51 3 90 272 67 123 135 1,676 510 (103) 2 (101) 409 (100) 309 8 317 0.08 0.08
Transcribed Image Text:(in millions, except per share data) Revenue: Subscriber revenue Advertising revenue Equipment revenue Other revenue Total revenue Operating expenses: Cost of services: SIRIUS AM HULDINGS INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) Revenue share and royalties Programming and content Customer service and billing Transmission Cost of equipment Subscriber acquisition costs Sales and marketing Engineering, design and development General and administrative Depreciation and amortization Impairment, restructuring and acquisition costs Total operating expenses Income from operations Other (expense) income: Interest expense Other income Total other expense Income before income taxes Income tax expense Net income Foreign currency translation adjustment, net of tax Total comprehensive income Net income per common share: Basic Diluted abrese daten die M For the Three Months Ended March 31, 2023 2022 $ S S S $ 1,691 S 375 46 32 2,144 700 150 122 49 3 90 224 79 147 136 32 1,732 412 (107) 3 (104) 308 (75) 233 S 233 S 0.06 S 0.06 S 1,713 383 53 37 2,186 570 40 125 51 3 90 272 67 123 135 1,676 510 (103) 2 (101) 409 (100) 309 8 317 0.08 0.08
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