Why Sirius XM Holdings Fell 15% in December
Shares of Sirius XM Holdings (NASDAQ: SIRI), a satellite radio company, plunged last month after the company provided updated financial guidance for 2025. Management said revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) would be lower than previous guidance.
Investors were unnerved by the lowered expectations for 2025 and sent shares tumbling 15.4% in December, according to data provided by S&P Global Market Intelligence.
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Source Fool.com
