Core Insights - Sirius XM is a leading provider of satellite radio and audio entertainment services in the U.S., leveraging a subscription-driven business model complemented by advertising and licensing to generate consistent revenue streams [6] Company Overview - Sirius XM reported a total revenue of $8.56 billion and a net income of $805 million for the trailing twelve months (TTM) [4] - The company has a dividend yield of 4.91% and its stock price was $22.60 as of February 5, 2026 [4] - The subscriber base stood at 31.3 million at the end of 2025, which is a decline compared to the end of 2021 [7][10] Financial Performance - The company's free cash flow increased by 37% to $1.24 billion in 2025, indicating a recovery after a dip in 2024 [10] - Approximately 29.3% of free cash flow was utilized to meet dividend obligations in 2025, suggesting sufficient cash generation to potentially reduce outstanding shares and increase dividend payouts [11] Investment Activity - CHECK Capital Management increased its stake in Sirius XM by 821,657 shares during the fourth quarter of 2025, with an estimated transaction value of $17.66 million [2] - Following this transaction, Sirius XM represented 1.68% of CHECK Capital's $3.44 billion reportable U.S. equity assets [8] - Despite the increase in stake, Sirius XM is not among CHECK Capital's top five holdings, ranking as the seventh-largest stock in their portfolio [7]

Sirius XM shares are retreating from recent levels. Why is SIRI stock dropping?Subscriber Loss Overshadows Mixed Q4 Results For SiriusXMSiriusXM this week reported mixed fiscal fourth-quarter 2025 results, with total revenue of $2.19 billion coming in flat year- over-year but slightly above analyst expectations, while GAAP earnings significantly missed estimates.The drop in subscribers has raised concerns about the company’s ability to maintain its revenue streams. The decline in subscriber numbers was a cr ...

There are several comedy channels available on Sirius XM Holdings' (NASDAQ: SIRI) satellite radio platform. Over the past few years, it seems as if Sirius itself has become the joke. The stock has declined for five consecutive years, and -- until Thursday -- it was on its way to stretching that streak to six. Sirius XM could finally be ready to get the last laugh. Sirius XM shares soared 9% after posting encouraging financial results on Thursday morning. It was enough to get the media stock back into pos ...

We recently published 10 Stocks Withstanding Market Turbulence. Sirius XM Holdings Inc. (NASDAQ:SIRI) was one of the best performers on Thursday. Sirius XM Holdings jumped by 9.02 percent on Thursday to finish at $22.60 apiece as investor sentiment was bolstered by its strong earnings performance in full-year 2025. During the period, Sirius XM Holdings Inc. (NASDAQ:SIRI) swung to a net income of $805 million from a $2.07 billion net loss in 2024. Total revenues dipped by 2.3 percent to $8.5 billion from ...

Shares of Sirius XM Holdings ( SIRI ) have been a poor performer over the past year, losing about 13% of their value. The stock has been weighed down by ongoing concerns about its long-term potential amidst streaming competition. However, a solid Q4 and 2026 outlookOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for ...

Core Viewpoint - Sirius XM Holdings (SIRI) has underperformed over the past year, with a loss of approximately 13% in stock value due to concerns regarding its long-term potential amid increasing streaming competition [1] Financial Performance - The company reported a solid Q4 performance, which may provide a positive outlook for 2026 [1]

In the midst of an earnings season that's seemingly delivered more discouraging news than not, satellite radio outfit Sirius XM (NASDAQ: SIRI) is something of a bright spot. As of 11:41 a.m. ET today, its stock is up 10.1% in response to better-than-expected fourth quarter numbers. Just keep them in the proper perspective. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » The quarter t ...

Sirius XM (SIRI) reported $2.19 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 0.2%. EPS of $0.84 for the same period compares to $0.83 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.18 billion, representing a surprise of +0.82%. The company delivered an EPS surprise of +9.25%, with the consensus EPS estimate being $0.77.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Corporate Structure and Mergers - Liberty Media completed the split-off of Liberty Sirius XM Holdings Inc. on September 9, 2024, redeeming shares at a ratio of 0.8375 of a share of SplitCo common stock for each share of Liberty SiriusXM common stock[27]. - Following the split-off, a subsidiary of SplitCo merged with Sirius XM Holdings Inc., converting each share of Old Sirius into one-tenth (0.1) of a share of SplitCo common stock[28]. Subscriber and Market Performance - As of December 31, 2025, Sirius XM Holdings Inc. reported approximately 32.9 million subscribers in the U.S. and 2.4 million subscribers in Sirius XM Canada[35]. - Sirius XM Holdings Inc. achieved recognition as a Fortune 500 company in 2025, highlighting its market strength[33]. - As of December 31, 2025, Sirius XM Canada had approximately 2.4 million subscribers, which are not included in the company's overall subscriber count[71]. - Pandora had approximately 41.1 million monthly active users and 5.6 million subscribers as of December 31, 2025[75]. - SiriusXM Media reaches approximately 170 million monthly listeners across its platforms, generating revenue from both subscription fees and advertising[80]. Strategic Initiatives and Offerings - The company adopted a strategic plan in December 2024 focusing on core subscription business, advertising strength, efficiency, and stockholder returns[32]. - The "360L" platform was included in approximately 170 vehicle models in 2025, enhancing in-vehicle entertainment experiences[45]. - Sirius XM Holdings Inc. offers a variety of subscription plans, including a low-cost, ad-supported offering launched in 2025[49]. - The company has agreements with leading electric vehicle manufacturers, including Tesla and Rivian, to integrate SiriusXM services into their vehicles[51]. - Sirius XM Holdings Inc. operates over 1,000 terrestrial repeaters across the U.S. to enhance signal coverage[58]. - The company provides connected vehicle services, enhancing safety and security for drivers while delivering marketing benefits to automakers[60]. Advertising and Revenue Generation - SiriusXM's advertising revenue is derived from audio, display, and video advertising, with a focus on targeted advertising based on listener demographics[81]. - AdsWizz, a subsidiary, leads in digital audio advertising technology, providing a comprehensive platform for audio publishers and advertisers[83]. - The company faces substantial competition from traditional AM/FM radio, streaming services, and other digital media platforms, necessitating constant innovation[87]. - SiriusXM's services and Pandora compete with a variety of providers, including major online platforms and traditional media companies, for both listeners and advertisers[96]. Financial Performance and Debt Management - The company acquired licenses for the 2.3 GHz Wireless Communications Service "C block" and "D block" in 2024, consisting of 5 MHz of unpaired blocks each[67]. - The initial use of the newly acquired spectrum will enhance emergency communications capabilities for FEMA, providing secure bandwidth on the satellite radio system[68]. - As of December 31, 2025, the company held $420 million in variable rate debt with a weighted average interest rate of 5.6% and $9,325 million in fixed rate debt with a weighted average interest rate of 4.3%[434]. - The company loaned Sirius XM Canada $130.8 million, with a carrying value of $8.0 million as of December 31, 2025, and an interest rate of 7.62% per annum[433]. - A hypothetical 10% increase in interest rates would increase annual interest expense by approximately $2 million, while a 10% decrease would decrease annual interest expense by approximately $2 million[434]. - The company did not hold or issue any derivatives as of December 31, 2025, and maintains investments in money market funds and certificates of deposit[432]. - The loan to Sirius XM Canada is considered a long-term investment, with unrealized gains or losses reported within Accumulated other comprehensive (loss) income[433]. - The company manages interest rate exposure by maintaining a mix of fixed and variable rate debt to protect against interest rate risk[434]. - The loan to Sirius XM Canada is subject to changes in foreign currency, with a potential value decrease of approximately $0.8 million if the Canadian to U.S. dollar exchange rate were 10% lower[433]. - The company’s investment policy focuses on capital preservation, liquidity maintenance, and yield maximization[432]. Employee and Diversity Metrics - As of December 31, 2025, the company had 5,119 full-time and part-time employees, with a core voluntary turnover rate of approximately 6.6%[125]. - 43.1% of employees identified as women and 40.0% of the U.S. population identified as people of color as of December 31, 2025[127]. - The company offers a comprehensive total reward program that includes competitive compensation and benefits to attract and retain top talent[132]. - Over 500 employees volunteered over 7,350 hours during 2025 as part of the company's philanthropic efforts[136]. Licensing and Royalty Agreements - The company has entered into direct license agreements with major and independent music labels for a significant majority of sound recordings on Pandora services[121]. - The CRB set the royalty rate for SiriusXM's satellite radio service at 15.5% of gross revenues for the period from January 1, 2018, to December 31, 2027[119]. - The company proposed a royalty rate of $0.0018 per performance for ad-supported services and $0.0020 for subscription services in the ongoing CRB proceeding[118]. - In 2025, the per performance rate for streaming sound recordings on SiriusXM increased to $0.0032 from $0.0031 in 2024[120].

Sirius XM (NasdaqGS:SIRI) Q4 2025 Earnings call February 05, 2026 08:00 AM ET Company ParticipantsBrian Kraft - DirectorCameron Mansson-Perrone - VPDavid Joyce - Managing DirectorJennifer Witz - CEOJessica Reif - Managing DirectorKutgun Maral - Senior Managing DirectorMaggie Mitchell - SVP of Corporate CommunicationsScott Greenstein - President and Chief Content OfficerStephen Laszczyk - VPSteven Cahall - Managing DirectorWayne Thorsen - EVP and COOZach Coughlin - CFOConference Call ParticipantsBarton Crock ...