secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0000908937-26-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SiriusXM beats 2025 guidance with FCF growth; stable 2026 outlook
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- FY 2025 revenue $8.56B (-2% YoY); net income $805M vs 2024 loss of $2,075M.
- Full-year adjusted EBITDA $2.67B (31% margin); free cash flow $1.26B, up 24% YoY.
- Q4 self-pay net adds 110K (incl. ~80K from companion plans); total subs 33M.
- Podcasting revenue +41% in 2025; renewed Howard Stern for 3 years.
- 2026 guidance: revenue ~$8.5B, adj. EBITDA ~$2.6B, free cash flow ~$1.35B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893726000003/0000908937-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893726000003/siri-20260205.htm
  HTML page:      https://secwatch.observer/filing/0000908937-26-000003

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