secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000908937-23-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893723000013/0000908937-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893723000013/siri-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000908937-23-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer