Chief Executive Officer & Director, Sirius Xm
Search every verified Jennifer Witz interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jennifer Witz, CEO of SiriusXM, has been outlining the company’s strategic priorities in early 2025, emphasizing a focus on its core automotive subscription business and advertising growth. During the company’s Q4 2024 earnings call, Witz reported that SiriusXM delivered $8.7 billion in total revenue and $2.73 billion in adjusted EBITDA for 2024. She stated that the company is “rightsizing” product and technology costs and targeting $200 million in annualized savings by the end of 2025. Witz also noted adjustments to the customer experience, including click-to-cancel and reduced marketing to higher-cost audiences, which she said are intended to improve long-term business health. At CES 2025, Witz delivered a keynote and gave interviews discussing the company’s approach to artificial intelligence. She described SiriusXM as “the anti-AI” in terms of content creation and curation, stating that the company is “doubling down on humans creating content.” Witz said the company will leverage AI for discovery, personalization, and cost reduction, but not for generating voices, ads, or scripts. She also highlighted the car as a “final frontier” for ad-supported audio and expressed confidence in the company’s position with automakers, noting that a strong auto market benefits the business.
“For 2024 SiriusXM delivered on our public guidance with $8.7 billion in total revenue, $2.73 billion in adjusted EBITDA and just over a billion dollars in free cash flow.”
“We have sharpened our strategic focus on SiriusXM's strengths and differentiators with an emphasis on robust margins, free cash flow generation and capital returns.”
“Let's begin with our subscription business where we are doubling down on our core Automotive segment — we added approximately 150,000 self-pay subscribers in the fourth quarter and ended the year down less than 300,000, a significant improvement over 2023.”
“In 2025 we'll be making adjustments that will both allow for a more seamless customer experience and improve the overall health for our business in the long term — these include improvements in online customer engagement such as click-to-cancel, a reduction in marketing to higher-cost, higher-turn audiences, and shorte...”
“Streaming remains critical to our future as we look to expand reach and engagement for our core subscribers — between 360L, which will account for roughly half of our new car trials this year, and the recent Tesla and Rivian launches, streaming plays an increasing role for our business in the vehicle.”
“Earlier this week we announced two new channels as part of our agreement with Alex Cooper and the Unwell Network, featuring live shows and curated music — these channels are a great example of how we can leverage the massive reach of a podcast such as Call Her Daddy to drive interest to SiriusXM with programming exclus...”
“Podcasting is also key to how we leverage the strength of our advertising business — the expansion of our podcast network in 2024 combined with our strong streaming footprint solidifies our position as the number one digital ad-supported audio player in North America.”
“We are rightsizing our product and technology costs following a period of high investment, optimizing our organizational structure and are working diligently to achieve the additional target of $200 million in annualized savings as we exit 2025.”
“Following the launch of our new app we saw streaming listening steadily increase throughout the year, reaching a high in December, and we saw strong engagement with added features including our extra channels and audio-on-demand which achieved significant double-digit growth.”
“By sharpening our focus we are bolstering the overall strength of our business in the long term while continuing to deliver for both our listeners and stockholders.”
“Hi, I'm Jennifer Witz and I can't wait to share with you what we have in store for 2025.”
“At SiriusXM our vision is to shape the future of audio where everyone can effortlessly connect to the voices, stories and music they love wherever they are.”
“The enduring power of audio is centered around its ability to bring people together and to change hearts and minds; it's an innately personal medium.”
“It's the way that you talk to your friends and you trust their opinions — we've become these surrogate friends for people, and they've watched us grow up and change and learn new things together.”
“I don't want to be an influencer; I want to have influence — and I think the way that you do that is through authenticity.”
01/30/2025 Q&A: 20:37 Sirius XM Holdings Inc. operates as an audio entertainment company in North America. It operates in two ...
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Sirius XM Holdings CEO Jennifer Witz discusses cost reduction, and leveraging AI for discovery and personalization with ...
SiriusXM is simultaneously a legacy brand and one that's looking toward the future of satellite radio in a streaming world.... relevant than ever SiriusXM CEO Jennifer witz said so what sets us apart from other audio Services it's now our human touch it's ...
SiriusXM CEO Jennifer Witz joins 'Squawk on the Street' to discuss the rollout of the company's next-generation streaming application and what it'll mean for consumers and business retention. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. Connect with CNBC News Online Get the latest…
10/31/2023 Q&A: 20:05 Sirius XM Holdings Inc., an audio entertainment company, operates audio business including subscription entertainment services in the United States. It operates through Sirius XM, and Pandora and Off-platform segment. The company's Sirius XM segment provides music, sports, entertainment, comedy, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio system and streamed via applications for mobile and home devic…
Jennifer Witz, SiriusXM CEO, joins 'Squawk on the Street' to discuss the growth prospects from Sirius XM, consumer's willingness ...
Jennifer Witz, SiriusXM CEO, joins 'Squawk on the Street' to discuss the future of digital audio advertising, podcast content ...
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