Sirius XM's stock performance and future trajectory were analyzed in light of its 68% stock plunge over the past three years. The discussion centers on the company's challenges with its subscriber base, which has seen a gradual decline since its peak in 2019. Key concerns include the lack of new additions to offset cancellations and the potential departure of Howard Stern, whose contract is up for renewal at the beginning of 2026. Despite these challenges, the company maintains healthy profits and cash flow. A significant factor in its future is Warren Buffett's Berkshire Hathaway, which has increased its ownership stake to over 37% of the company. While analysts project a slow return to growth in the coming years, the large ownership by a prominent investor like Buffett adds a significant variable to the company's long-term outlook.