Sirius (SIRI) Climbs 9% on Earnings Blowout

Financial Performance - Sirius XM Holdings Inc. reported a net income of $805 million for the full year 2025, a significant recovery from a net loss of $2.07 billion in 2024 [2] - Total revenues for 2025 decreased by 2.3% to $8.5 billion, down from $8.7 billion year-on-year [2] - In Q4 2025, net income fell by 65% to $99 million compared to $287 million in the same quarter of the previous year, while revenues remained flat at $2.2 billion [2] Strategic Focus - The company achieved $250 million in incremental gross savings and generated strong free cash flow of $1.26 billion, which was allocated to high-ROI investments, deleveraging, and shareholder returns [2] - For 2026, Sirius XM aims to maintain financial discipline with a low-to-mid 3x leverage ratio and continue free cash flow growth towards a target of $1.5 billion by 2027 [3] Future Projections - Sirius XM is targeting flat revenues of $8.5 billion for 2026, with adjusted EBITDA projected at $2.6 billion, slightly lower than the $2.67 billion reported in the previous year [3]