Going forward, Sirius XM management anticipates a challenging year. The outlook shows expected declines in revenue and adjusted EBITDA. Despite this, the company plans to generate $1.15 billion in free cash flow and capture $200 million in cost savings through a focus on operational efficiency.

The company's business may be more complex than Spotify's, but it's still simple and stable enough to work in any economy. SiriusXM pays a generous dividend, currently yielding 5% per year. The payouts are fully funded by free cash flows, even in a slow year like 2024. And did I mention that the stock is cheap?

Satellite radio and media company Sirius XM (NASDAQ:SIRI) will be announcing earnings results tomorrow before the bell. Here’s what investors should know. Sirius XM missed analysts’ revenue expectations by 1% last quarter,