Sirius XM Holdings Inc. closed 56.80% short of its 52-week high of $53.50, which the company achieved on February 1st.

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?

Sirius XM Holdings (NASDAQ: SIRI) had a rough 2024. The company's share price collapsed by more than 50%, wiping out roughly $8 billion in value. Warren Buffett's holding company, for instance, now owns $2.

What Happened? Shares of satellite radio and media company Sirius XM (NASDAQ:SIRI) jumped 6.4% in the morning session after the company reported impressive fourth-quarter earnings, which exceeded analysts' EPS and EBITDA expectations.