secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0000908937-23-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiriusXM Q2 net income up 6% to $310M; raises FY free cash flow guidance to $1.15B
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- Revenue flat at $2.25B; net income $310M ($0.08 diluted EPS) vs $292M a year ago.
- Adjusted EBITDA $702M (+3% YoY); free cash flow $323M, down from $435M on higher capex and taxes.
- SiriusXM self-pay subs down 132k; total subs flat at 34.0M; churn 1.5%; ARPU $15.66.
- Pandora ad revenue flat at $400M; off-platform ad rev up 13% to ~$135M.
- FY 2023 guidance: revenue ~$9.0B, EBITDA ~$2.75B, FCF raised to ~$1.15B; returned $229M to shareholders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893723000020/0000908937-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893723000020/siri-20230801.htm
  HTML page:      https://secwatch.observer/filing/0000908937-23-000020

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