"SiriusXM's Q4 Earnings: Sub Losses, Cost Efficiencies, and Revenue Snapshot"
SiriusXM reported a net loss of 94,000 subscribers in the fourth quarter, with a total of 430,000 customers lost in 2023, while its total revenue for the year remained steady at $8.95 billion. The company also saw a decline in Pandora subscribers and a minimal drop in quarterly advertising revenue. Despite this, CEO Jennifer Witz highlighted the successful launch of a new platform and app, and expressed commitment to strategic content investments for future growth. CFO Tom Barry indicated plans for further cost efficiencies and business streamlining in the year ahead.