Sirius XM (SIRI) Q3 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

SiriusXM delivered a cleaner-than-expected third quarter, posting earnings of $0.84 per diluted share against a consensus estimate of $0.78, a beat of 7.86%, while revenue of $2.16 billion edged past the $2.14 billion Wall Street expected and came in… Read more SiriusXM delivered a cleaner-than-expected third quarter, posting earnings of $0.84 per diluted share against a consensus estimate of $0.78, a beat of 7.86%, while revenue of $2.16 billion edged past the $2.14 billion Wall Street expected and came in essentially flat year-over-year, down just 0.6%. The most striking headline was the swing to GAAP net income of $297 million, compared to a net loss of $2.96 billion a year ago, a prior-year figure heavily distorted by a $3.36 billion noncash goodwill impairment tied to the Liberty Media transaction. Beneath the surface, fundamentals remained under measured pressure: adjusted EBITDA dipped to $676 million from $693 million, self-pay subscribers declined by roughly 40,000, and Pandora monthly active users fell 5% to 41.6 million. Free cash flow, however, surged to $257 million from $93 million a year prior. Management raised full-year 2025 guidance by $25 million across revenue, adjusted EBITDA, and free cash flow, now targeting approximately $8.53 billion, $2.63 billion, and $1.23 billion, respectively.