---
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"
generated_at: "2026-05-23T01:41:11.907168+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SiriusXM Q1 revenue down 4% to $2.07B; net income $204M vs $241M year ago

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908937-25-000008
- JSON: https://secwatch.observer/filing/0000908937-25-000008.json
- Plain text: https://secwatch.observer/filing/0000908937-25-000008.txt

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