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 ...

NEW YORK, Feb. 23, 2026 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that Jennifer Witz, Chief Executive Officer will present on March 3, 2025, at 8:30 a.m. PT at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA. A webcast of the presentation will be available in the Investor Relations section of the SiriusXM website at https://investor.siriusxm.com. About Sirius XM Holdings Inc.SiriusXM is the leading audio entertainment company in North America with a portfolio of ...

Group 1 - Sirius XM Holdings Inc. is considered one of the most undervalued mid-cap stocks currently available for investment [1] - JPMorgan upgraded Sirius XM to Neutral from Underweight, raising the price target to $24 from $20 following better-than-expected Q4 2025 results and improving subscriber trends [1] - Seaport Research downgraded Sirius XM to Neutral from Buy and removed its price target, citing stable revenue and EBITDA guidance for 2026 compared to 2025, but lowered its own estimates [2][3] Group 2 - The reduction in estimates reflects expectations for moderately worse self-pay net losses in 2026 and slower ARPU growth, with cost savings being redeployed into new initiatives rather than enhancing profitability [3] - Sirius XM operates as an audio entertainment company in North America, with two segments: Sirius XM and Pandora, along with Off-platform services [3]

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 Thesis - Sirius XM Holdings Inc. is viewed positively due to its solid financial performance, strong subscriber engagement, and improved guidance for 2025, despite market concerns about competition from streaming services [1][2][3][6] Financial Performance - For Q3 2025, Sirius XM reported revenue of $2.16 billion, a 1% decrease year-over-year, but net income improved to $297 million with EPS of $0.84, a significant recovery from the previous year's loss [1] - Adjusted EBITDA was $676 million, reflecting a robust 31% margin supported by effective cost management [1] - The company has reduced debt by $120 million and returned $111 million to shareholders, indicating strong financial health [2] Subscriber Metrics - Subscriber engagement remains strong, with self-pay monthly churn improving to 1.6%, showcasing a loyal customer base [1][3] - The average revenue per user (ARPU) is nearly three times that of Spotify, highlighting the company's pricing power and customer value [3] Future Guidance - Sirius XM has upgraded its 2025 guidance, now targeting approximately $8.525 billion in revenue, $2.625 billion in adjusted EBITDA, and $1.225 billion in free cash flow [2] - Projections suggest free cash flow per share could reach $3.44 in 2025, yielding 15.8%, and potentially $4.32 per share by 2027, approaching a 20% yield [3] Business Stability - Approximately 75% of Sirius XM's revenue comes from stable subscription streams, indicating a more resilient business model than perceived by the market [4] - The company is seen as a high-cash-flow business with strong downside protection and ongoing debt reduction, presenting a compelling investment opportunity [5]

Core Viewpoint - Sirius XM has experienced a significant decline in shareholder value, with a total return of negative 59% over the past five years, facing challenges from technological advancements and competition from major internet companies [1] Company Challenges - Sirius XM holds a legal monopoly as the only satellite radio operator in the U.S., offering nationwide coverage and superior quality compared to terrestrial radio [2] - The competitive landscape has shifted, with the rise of internet connectivity and smartphones diminishing Sirius XM's dominance in audio entertainment [3] Competitive Landscape - Major competitors like Spotify, Apple, and Alphabet are gaining traction with mobile-first services that appeal to younger audiences, with Spotify boasting 713 million monthly active users [4] - Apple and Alphabet's control over mobile operating systems (iOS and Android) is eroding Sirius XM's in-car advantage through seamless integration with Apple CarPlay and Android Auto [5] Financial Metrics - Despite the challenges, Sirius XM's stock is considered attractive by some value investors due to its low forward price-to-earnings ratio of 6.9 and a dividend yield of approximately 5.3% [6] - The company's revenue for the third quarter was over $2.1 billion, reflecting a slight decline of less than 1% year over year, with expectations of flat revenue from 2025 to 2027 [8] Subscriber Trends - Sirius XM is experiencing a decline in subscribers, having lost self-pay subscribers in eight of the last 11 quarters, indicating a struggle to adapt to technological changes in the industry [7][9]

Core Viewpoint - SiriusXM is set to release its fourth quarter and full-year 2025 operating and financial results on February 5, 2026, followed by an investor call at 8:00 a.m. ET [1] Group 1: Financial Results Announcement - The financial results will be disclosed on February 5, 2026 [1] - An investor call will take place on the same day at 8:00 a.m. ET [1] - A live webcast of the call will be available on the SiriusXM Investor Relations website [1] Group 2: Company Overview - SiriusXM is the leading audio entertainment company in North America [3] - The company has a diverse portfolio including its flagship subscription service, ad-supported and premium music streaming services of Pandora, a podcast network, and business solutions [3] - SiriusXM reaches approximately 170 million listeners monthly, offering a wide range of content across music, talk, news, and sports [3]

Core Insights - Sirius XM and Spotify reported Q3 2025 earnings within days of each other, showcasing contrasting trajectories in the audio entertainment sector [1] Company Performance - Sirius XM's performance indicates a positive trend, while Spotify's results reflect challenges [1]

Core Points - Sound Group Inc has successfully completed its share repurchase program, canceling a total of 951,252 American depositary shares (ADSs) for approximately US$4 million [1][2][3] - The cancellation of these shares has resulted in approximately 832 million ordinary shares outstanding, equivalent to 4.16 million ADSs [2] - The CEO of Sound Group expressed confidence in the company's intrinsic value and long-term growth prospects, emphasizing the commitment to enhancing shareholder value through share repurchase and cash dividend programs [3] Company Overview - Sound Group Inc is a global audio-centric social and entertainment company, aiming to build the world's largest audio platform to enhance human connection through sound [4] - The company has been listed on Nasdaq since January 2020 [4]

Core Points - SiriusXM will release its third quarter 2025 operating and financial results on October 30, 2025, followed by an investor call at 8:00 a.m. ET [1] - The company is the leading audio entertainment provider in North America, with a diverse portfolio including SiriusXM, Pandora, and a podcast network, reaching approximately 160 million monthly listeners [3] Financial Results Announcement - The third quarter 2025 results will be announced on October 30, 2025 [1] - An investor call will take place on the same day at 8:00 a.m. ET, with a live webcast available on the SiriusXM Investor Relations website [1] Company Overview - SiriusXM operates a range of audio businesses, including subscription services, ad-supported streaming, and podcasting [3] - The company offers a wide variety of content across music, talk, news, and sports, catering to a large audience [3]