secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2025-07-31T23:59:59+00:00
Accession:  0000908937-25-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893725000021/0000908937-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893725000021/siri-20250731.htm
  HTML page:      https://secwatch.observer/filing/0000908937-25-000021

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