SiriusXM Q1 Revenue Up, Profit Jumps 20%

RADIO ONLINE | Thursday, April 30, 2026 | 3:54pm CT

SiriusXM

Sirius XM Holdings reported first-quarter 2026 revenue of $2.09 billion, up 1% year-over-year, while net income rose 20% to $245 million, according to its latest earnings release.

Adjusted EBITDA increased 6% to $666 million, and free cash flow more than tripled to $171 million, reflecting higher profitability and lower capital spending.

The company reported a total subscriber base of about 33 million, with self-pay subscriber losses of 111,000 during the quarter-an improvement from the prior year. Monthly churn declined to 1.5%, the lowest first-quarter level in the company's history.

SiriusXM's core subscription segment generated $1.59 billion in revenue, up 1%, driven by higher pricing and subscriber revenue, partially offset by a slightly smaller subscriber base and softer advertising demand in news. Average revenue per user rose to $14.99.

The Pandora and off-platform segment posted revenue of $501 million, up 3%, with advertising revenue increasing 5% on strength in podcasting and programmatic demand. Podcast revenue overall grew 37% year-over-year.

The company also highlighted expanded content offerings and partnerships, including a new agreement with YouTube to represent its U.S. audio advertising inventory, expected to extend reach to approximately 255 million monthly listeners.

Looking ahead, SiriusXM reaffirmed its full-year 2026 guidance, projecting approximately $8.5 billion in revenue, $2.6 billion in adjusted EBITDA and $1.35 billion in free cash flow.