Where Will Sirius XM Be in 1 Year?
One of the more interesting turnaround stories in the market is that of Sirius XM Holdings. As the stock plunged by more than 58% in 2024, none other than Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) scooped up even more shares.
Berkshire now owns about 33.2% of Sirius, even though the news got worse for the satellite radio leader as it closed out the year. In 2024, the company continued to shed subscribers, revenue, and profit, culminating in the announcement of a "refocusing" of the business in early December.
Berkshire seems to be betting on a turnaround in 2025. Here are all the things Sirius is working on to improve things, and what interested investors should look out for in the year ahead.
Source Fool.com
