secwatch.observer — SEC 8-K summary
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Issuer:     SIRIUS XM HOLDINGS INC. (SIRI)
CIK:        0000908937
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0000908937-26-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sirius XM Q1 revenue $2.09B (+1% YoY); net income $245M (+20%); FCF triples to $171M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908937/000090893726000010/0000908937-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908937/000090893726000010/siri-20260430.htm
  HTML page:      https://secwatch.observer/filing/0000908937-26-000010

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