Homework Help is Here – Start Your Trial Now!
Business
Finance
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
Problem 1PS
See similar textbooks
icon
Related questions
Question

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
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 4 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

The response provided is very brief, i need more explanation and analysis

Solution
Bartleby Expert
SEE SOLUTION
Knowledge Booster
Horizontal Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS