Quarterly ResultApr 30, 2026, 07:52 AM
SIRI Q1 Revenue +1% to $2.09B; Net Income +20% to $245M
AI Summary
Sirius XM Holdings Inc. reported strong first-quarter 2026 results, with consolidated revenue increasing 1% to $2.09 billion and net income rising 20% to $245 million. Adjusted EBITDA grew 6% to $666 million, and free cash flow more than tripled to $171 million. The company also announced a landmark partnership with YouTube for advertising and reaffirmed its full-year 2026 financial guidance.
Key Highlights
- Consolidated Revenue increased 1% to $2.09 billion.
- Net Income rose 20% to $245 million, with EPS up 22% to $0.72.
- Adjusted EBITDA grew 6% to $666 million.
- Free Cash Flow more than tripled year-over-year to $171 million.
- SiriusXM self-pay subscribers decreased by 111,000, with churn at a record low of 1.5%.
- SiriusXM segment revenue increased 1% to $1.59 billion; Pandora & Off-Platform revenue rose 3% to $501 million.
- Reaffirmed 2026 guidance: revenue $8.5B, Adjusted EBITDA $2.6B, Free Cash Flow $1.35B.
- Returned $91 million in dividends and $22 million in share repurchases.