NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) ("SiriusXM") announced today that its subsidiary, Sirius XM Radio LLC, (the "Issuer") priced an offering of $1,250,000,000 of 5.875% Senior Notes due 2032 (the "Notes"). This represents an increase of $250,000,000 in aggregate principal amount in the offering size of the Notes. The sale of the Notes is expected to be consummated on or about March 4, 2026, subject to customary closing conditions. The Notes are to be sold to perso ...

Core Viewpoint - Sirius XM Holdings Inc. plans to offer $1 billion of Senior Notes due 2032 to qualified institutional buyers and non-U.S. persons, with proceeds aimed at purchasing or redeeming existing 3.125% Senior Notes due 2026 [1][2] Group 1: Offering Details - The offering is subject to market conditions and will be made under Rule 144A and Regulation S of the Securities Act of 1933 [1] - The net proceeds will be used to purchase any validly tendered 3.125% Senior Notes and to redeem any remaining notes not purchased [1] - As of December 31, 2025, there were $1 billion of 3.125% Notes outstanding, which are redeemable at 100% of the principal amount plus accrued interest [1] Group 2: Company Overview - SiriusXM is a leading audio entertainment company in North America, offering a range of services including subscription entertainment, ad-supported streaming, and podcasts [1] - The company reaches approximately 170 million listeners monthly, providing diverse content across music, talk, news, and sports [1] Group 3: Forward-Looking Statements - The announcement includes forward-looking statements regarding the terms and timing of the offering and the intended use of proceeds, which are subject to uncertainties [2] - Factors that could affect actual results include competition, subscriber retention, advertising revenue, and compliance with regulations [2]

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Core Viewpoint - Sirius XM presents a compelling opportunity for income-seeking investors, especially given its high dividend yield compared to 10-year Treasuries [3][4]. Financial Performance - Sirius XM paid out $365 million in dividends in 2025 and generated $1.26 billion in free cash flow (FCF) last year, with expectations to reach $1.35 billion in 2026 [4]. - The company reduced total debt by $669 million during the year, including nearly $371 million in the fourth quarter [4]. Dividend Safety - The dividend is currently considered safe, with a commitment to returning capital to shareholders [5]. - The stock offers a dividend yield of 5.17%, translating to $517 in annual passive income on a $10,000 investment [3]. Market Position - Sirius XM has a market capitalization of $7.1 billion and generates 76% of its revenue from subscriptions, providing stability to its business model [7]. - The stock price is currently trading 97% below its peak, indicating potential for income-focused investors [1]. Challenges - The self-pay subscriber base declined by 301,000 in 2025, indicating a long-term cycle of decline attributed to technological advancements and increased competition from streaming platforms [8][9]. - Investors seeking capital gains may want to avoid this stock due to the challenges in expanding the user base and top line [8][9].

Core Insights - Sirius XM Holdings (SIRI) reported Q4 2025 earnings of 84 cents per share, exceeding the Zacks Consensus Estimate of 77 cents per share, and up from 83 cents per share in the same quarter last year [1] - Total revenues for the quarter were $2.19 billion, slightly surpassing the Zacks Consensus Estimate by 0.82%, consistent with year-ago revenues of $2.19 billion [1] Revenue Breakdown - Subscriber revenues, accounting for 74.2% of total revenues, declined 0.43% year over year to $1.63 billion, but exceeded the Zacks Consensus Estimate by 0.13% [2] - Advertisement revenues, making up 22.4% of total revenues, increased 2.9% year over year to $491 million, surpassing the Zacks Consensus Estimate by 3.79% [2] - Equipment revenues, representing 2.2% of total revenues, rose 14% year over year to $48 million, beating the Zacks Consensus Estimate by 13.32% [2] - Other revenues, which constitute 1.3% of total revenues, decreased 22% year over year to $28 million, missing the Zacks Consensus Estimate by 21.43% [3] Segment Performance - Sirius XM's Standalone segment revenues (73.5% of total revenues) were $1.61 billion, down 1% year over year [4] - Subscriber revenues in the Standalone segment decreased 0.3% year over year to $1.49 billion, influenced by rate increases on certain self-pay plans, partially offset by an increase in promotional plan subscribers [4] - The total subscriber base declined 1% year over year to 32.93 million [4] - Advertising revenues in the Standalone segment were $41 million, down 5% year over year [4] Subscriber Metrics - Self-pay subscribers decreased 1% year over year to 31.35 million, with net additions of 110,000 in the reported quarter compared to 149,000 in the previous year [5] - Average revenue per user increased to $15.17 from $15.11 year over year [5] - Self-pay monthly churn improved to 1.4% from 1.5% in the year-ago period [5] Pandora & Off-Platform Performance - Pandora and Off-Platform revenues (26.6% of total revenues) increased 2% year over year to $582 million, driven by a 4% rise in advertising revenues to $450 million [6] - Subscriber revenues for Pandora decreased by 1% year over year to $132 million [6] - Self-pay subscribers for Pandora Plus and Pandora Premium services totaled 5.6 million at the end of the quarter [6] Operating and Financial Details - Total operating expenses increased 17% year over year to $1.97 billion, primarily due to impairment and restructuring costs of $272 million compared to $12 million in the prior year [10] - Adjusted EBITDA increased 0.43% year over year to $691 million, with a margin of 32% compared to 31% in the prior year [10] - Cash flow from operations was $680 million, slightly up from $679 million in the year-ago quarter [11] - Free cash flow for the quarter was $541 million, a 5% increase from $516 million in the prior-year period [12] 2026 Guidance - For 2026, the company projects revenues of approximately $8.5 billion, adjusted EBITDA of approximately $2.6 billion, and free cash flow of approximately $1.35 billion [13]

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]

Core Viewpoint - Sirius XM is experiencing a decline in stock value primarily due to a significant loss of subscribers, overshadowing mixed financial results for Q4 2025 [2][3]. Financial Performance - Sirius XM reported total revenue of $2.19 billion for fiscal Q4 2025, which remained flat year-over-year but slightly exceeded analyst expectations [2]. - GAAP earnings for the company significantly missed estimates, contributing to negative market sentiment [2]. Subscriber Dynamics - The company lost 301,000 self-pay subscribers in Q4 2025, raising concerns about future revenue stability [6]. - The decline in subscribers is viewed as a critical factor affecting the company's ability to maintain revenue streams amidst increasing competition in the streaming sector [3][6]. Stock Performance - Sirius XM shares were down 2.61% at $22.02 at the time of publication, indicating a negative market reaction [6]. - The stock is currently trading 3.6% above its 20-day simple moving average (SMA) but 0.2% below its 100-day SMA, suggesting short-term strength but long-term struggles [4]. - Over the past year, shares have decreased by 17.29%, positioning them closer to their 52-week lows than highs, indicating ongoing weakness [4]. Technical Analysis - The Relative Strength Index (RSI) is at 68.39, indicating neutral territory, while the MACD is above its signal line, suggesting bullish momentum [5]. - Key resistance level is identified at $23.00, while key support is at $20.50; the stock's ability to hold above support will be crucial for potential recovery [5][6].

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 and has a positive outlook for 2026, indicating potential for recovery and growth despite current challenges [1]

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]

Core Insights - Sirius XM reported $2.19 billion in revenue for the quarter ended December 2025, marking a year-over-year increase of 0.2% and exceeding the Zacks Consensus Estimate of $2.18 billion by 0.82% [1] - The company achieved an EPS of $0.84, up from $0.83 a year ago, with an EPS surprise of 9.25% compared to the consensus estimate of $0.77 [1] Financial Performance Metrics - Sirius XM's net additions of self-pay subscribers were 110, significantly higher than the average estimate of -26 [4] - The total ending subscribers reached 32,927, surpassing the average estimate of 32,802 [4] - The average self-pay monthly churn rate was 1.4%, better than the estimated 1.5% [4] Revenue Breakdown - Advertising revenue from Pandora and Off-platform was reported at $450 million, exceeding the average estimate of $428.41 million, reflecting a year-over-year increase of 3.7% [4] - Subscriber revenue from Pandora and Off-platform was $132 million, slightly above the estimate of $131.86 million, but down 1.5% year-over-year [4] - Sirius XM's subscriber revenue was $1.49 billion, slightly below the average estimate of $1.5 billion, showing a year-over-year decline of 0.3% [4] - Equipment revenue for Sirius XM was reported at $48 million, exceeding the average estimate of $43.36 million, representing a year-over-year increase of 14.3% [4] - Other revenue was reported at $28 million, below the average estimate of $35.64 million, indicating a year-over-year decline of 22.2% [4] - Total advertising revenue was $491 million, surpassing the average estimate of $473.09 million, with a year-over-year increase of 2.9% [4]