3 Things to Watch With SIRI Stock in 2026

Core Viewpoint - Sirius XM Holdings has faced significant stock decline, losing 10% in 2025 and two-thirds of its value over the past five years, but it is currently trading at a low valuation with a 5.2% dividend yield, indicating potential for recovery in 2026 if certain factors align [1][2]. Group 1: Revenue and Growth Potential - Revenue has been declining for three consecutive years, with net income nearly 25% below four years ago, but analysts predict a slight revenue increase of 0.2% in 2026 and a 12% rise in earnings per share [4][5]. - Renewed growth, even marginal, could reshape the narrative for Sirius XM, allowing for expanded valuation multiples alongside improving fundamentals [5]. Group 2: Cost Management and Content Strategy - Sirius XM has achieved $350 million in run rate savings in 2023 and 2024, with a target of an additional $200 million in annualized savings by the end of 2025 [6]. - The renewal of Howard Stern's contract for three more years may impact cost-saving efforts, but the company has been expanding its talk content to strengthen its radio platform [7]. Group 3: Shareholder Dynamics - Berkshire Hathaway, the largest shareholder, has increased its stake to 37.1% and is expected to remain active in its investment strategy regarding Sirius XM in 2026 [8][9].