SIRIUS XM HOLDINGS INC. (SIRI) Form 8-K — Oct 29, 2026
Sirius XM Holdings reported Q3 2026 results with revenue of $2.15 billion (down slightly YoY), net income up 7% to $317 million, Adjusted EBITDA up 3% to $694 million, and free cash flow up 14% to $293 million. Diluted EPS declined 7% to $0.78 due to convertible note accounting, despite higher net income. Subscriber trends improved meaningfully: self-pay net additions of 5,000 were a 45,000 improvement versus the prior year, self-pay churn fell to 1.5%, and the SiriusXM segment ended with roughly 33 million total subscribers. Pandora self-pay subscribers slipped 3% to 5.5 million and ad-supported listener hours fell 10%.
Key figures
- Eps
- 0.78
- Revenue
- 2153000000
- Guidance
- Full-year 2026: revenue ~$8.55B, Adjusted EBITDA ~$2.65B, free cash flow ~$1.40B (each raised $25M)
- Net Income
- 317000000
- Revenue Yoy
- down slightly (from $2,159M to $2,153M)
- Total Assets
- 27191000000
- Cash Position
- 210000000
- Arpu
- $15.18
- Self pay churn
- 1.5% (improved from 1.6%)
- Diluted eps yoy
- -7% from $0.84
- Ad listener reach
- approximately 255 million monthly listeners (up from 170M a year ago)
- Dividends paid q3
- $91M
- Free cash flow 9m
- $1,057M (+48% YoY)
- Free cash flow q3
- $293M (+14% YoY)
- Self pay net adds
- +5,000 (45,000 improvement YoY)
- Total subscribers
- approximately 33 million SiriusXM subscribers
- Adjusted ebitda q3
- $694M (+3% YoY)
- Share repurchases q3
- $33M
- Adjusted ebitda margin
- 32%
- Net debt to adjusted ebitda
- 3.3x
AI analysis
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