{"schema_version":"secwatch.filing_event.v1","accession":"0000908937-25-000008","form_type":"8-K","ticker":"SIRI","cik":"0000908937","company_name":"SIRIUS XM HOLDINGS INC.","filed_at":"2025-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:02:51.757914+00:00","generated_at":"2026-05-23T01:41:11.907168+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"SiriusXM Q1 revenue down 4% to $2.07B; net income $204M vs $241M year ago","bullets":["Adjusted EBITDA of $629M, down 3% from $650M; free cash flow $56M vs $88M.","Self-pay churn improved to 1.6%; SiriusXM self-pay subs fell ~303K, 16% better YoY.","Pandora ad revenue down 2% to $355M; total segment revenue $487M (-2% YoY).","Full-year guidance reaffirmed: revenue ~$8.5B, EBITDA ~$2.6B, FCF ~$1.15B.","Sales & marketing expenses down 19%; share buybacks resumed with $25M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0000908937-25-000008","json":"https://secwatch.observer/filing/0000908937-25-000008.json","markdown":"https://secwatch.observer/filing/0000908937-25-000008.md","text":"https://secwatch.observer/filing/0000908937-25-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908937/000090893725000008/0000908937-25-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908937/000090893725000008/siri-20250501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T01:41:11.907168+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}