You Might Think Sirius XM's Radio Business Thrives on Advertising, But Nearly 80% of the Company's Revenue Actually Comes From This Cash Cow
SIRISirius XM(SIRI) The Motley Fool·2024-03-01 20:08

The streaming industry is packed to the gills with different services. While Netflix and Hulu dominate television and movie streaming, platforms such as Spotify Technologies, Apple Music, and Alphabet's YouTube are arguably just as popular given the rise of podcasts. When it comes to streaming content on the radio, one player basically owns the space: Sirius XM (SIRI -0.23%). While radio may not come to mind when you think about monster growth potential, there is a reason why Sirius XM has earned a position ...