---
schema_version: "secwatch.filing_event.v1"
accession: "0000908937-23-000013"
form_type: "8-K"
ticker: "SIRI"
cik: "0000908937"
company_name: "SIRIUS XM HOLDINGS INC."
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T10:51:31.766809+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SiriusXM Q1 revenue down 2% to $2.14B; raises 2023 adjusted EBITDA and FCF guidance

## Summary
- Net income $233M ($0.06 EPS) vs $309M ($0.08) prior year; Adjusted EBITDA $625M, down 9%.
- Raised FY2023 guidance: Adj. EBITDA ~$2.75B, FCF ~$1.1B; revenue reaffirmed ~$9.0B.
- SiriusXM self-pay subscribers at 32.0M, down 347k from Q4; churn near record low at 1.6%.
- Thomas Barry appointed CFO effective April 28, 2023; returns $161M to shareholders via dividends ($94M) and buybacks ($67M).
- Content deals: Kevin Hart renewal, NHL and NASCAR extensions; Mercedes-Benz makes SiriusXM standard on all US models.

## SEC filing metadata
- accession: 0000908937-23-000013
- form_type: 8-K
- ticker: SIRI
- cik: 0000908937
- company_name: SIRIUS XM HOLDINGS INC.
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/908937/000090893723000013/0000908937-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908937/000090893723000013/siri-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908937-23-000013
- JSON: https://secwatch.observer/filing/0000908937-23-000013.json
- Plain text: https://secwatch.observer/filing/0000908937-23-000013.txt

## Key facts
- Earnings Releases
  SIRIUS XM HOLDINGS INC. reported first quarter 2023 results: revenue $2.14 billion, net income $233 million, EPS $0.06. Guidance raised.
  - Period: first quarter 2023
  - Revenue: $2.14 billion
  - Net income: $233 million
  - EPS: $0.06
  - Guidance: raised
  - Result: reported results
  source text: is incorporated by reference in its entirety. --- EX-99.1 (EX-99.1) --- SiriusXM Reports First Quarter 2023 Operating and Financial Results • First Quarter 2023 Revenue of $2.14 Billion, Down 2% Year-Over-Year • Net Income of $233 Million, Down from $309 Million in 2022; Diluted EPS of $0.06 • Adjusted EBITDA of $625 Million and Free Cash Flow of $144 Million •
  evidence_url: https://www.sec.gov/Archives/edgar/data/908937/000090893723000013/0000908937-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.