earnings
confidence high
sentiment positive
materiality 0.75
Sirius XM Q1 revenue $2.09B (+1% YoY); net income $245M (+20%); FCF triples to $171M
SIRIUS XM HOLDINGS INC.
- Net income $245M ($0.72 diluted EPS) vs $0.59 prior year; Adjusted EBITDA $666M (+6%); margin expanded 140bps to 32%.
- Self-pay net additions improved by 192K YoY to (111K); churn hit record low 1.5% in Q1.
- SiriusXM segment revenue $1.59B (+1%); Pandora & Off-Platform revenue $501M (+3%), podcast revenue up 37% YoY.
- Free cash flow $171M, more than triple YoY from $56M; net debt/Adj EBITDA ratio 3.6x, targeting low-to-mid 3x by Q4.
- Reaffirmed FY2026 guidance: revenue ~$8.5B, Adj EBITDA ~$2.6B, FCF ~$1.35B; YouTube partnership for audio ad rep.