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00:02Sirius XM shares rose in Monday's pre-market trading following reports that the company
00:07plans to appoint former Tubi CEO Anjali Sood as its next chief executive, according to Bloomberg.
00:14Current CEO Jennifer Witts is expected to step down when her contract expires at the end of
00:192026. Sood most recently led streaming platform Tubi, which grew to more than 110 million monthly
00:27active users and surpassed $1 billion in annual revenue under her leadership.
00:32She served as Vimeo CEO from 2017 to 2023, taking the company public and helping transform it into
00:39a profitable global video platform with 300 million users. Sirius XM reported third-quarter
00:46adjusted earnings of $0.78 per share, beating Wall Street's estimate of $0.77, while revenue fell to
00:53$2.153 billion from $2.159 billion a year earlier and missed analysts' expectations.
01:01Sirius XM added 5,000 paid subscribers and raised its full-year revenue forecast to $8.55 billion.
01:09Meanwhile, Berkshire Hathaway increased its stake in Sirius XM to more than 37%.
01:15For all things money, visit Benzinga.com.
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