---
schema_version: "secwatch.filing_event.v1"
accession: "0000908937-25-000021"
form_type: "8-K"
ticker: "SIRI"
cik: "0000908937"
company_name: "SIRIUS XM HOLDINGS INC."
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:40:22.939201+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SiriusXM Q2 revenue down 2% to $2.14B; EPS $0.57 vs $0.74; FCF up 27% to $402M

## Summary
- Revenue $2.14B (-2% YoY); net income $205M ($0.57 diluted EPS) vs $354M ($0.74) a year ago.
- Adjusted EBITDA $668M (31% margin); free cash flow $402M, up $85M or 27% YoY.
- SiriusXM self-pay subs down ~68k sequentially but improved 32k vs prior year; churn 1.5%.
- Pandora and Off-Platform revenue $524M (-3% YoY); podcast revenue up nearly 50%.
- Full-year 2025 guidance reaffirmed: revenue ~$8.5B, Adj. EBITDA ~$2.6B, FCF ~$1.15B.

## SEC filing metadata
- accession: 0000908937-25-000021
- form_type: 8-K
- ticker: SIRI
- cik: 0000908937
- company_name: SIRIUS XM HOLDINGS INC.
- filed_at: 2025-07-31T23:59:59+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/908937/000090893725000021/0000908937-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/908937/000090893725000021/siri-20250731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000908937-25-000021
- JSON: https://secwatch.observer/filing/0000908937-25-000021.json
- Plain text: https://secwatch.observer/filing/0000908937-25-000021.txt

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