Recent Updates — SIRI

Sirius XM Holdings reported third-quarter consolidated revenue of $2.15 billion and net income of $317 million, a 7% increase from the prior year period. Adjusted EBITDA grew 3% to $694 million with margin expansion to 32%, while free cash flow advanced 14% to $293 million. The company raised its full-year 2026 guidance for revenue, adjusted EBITDA, and free cash flow by $25 million each. Self-pay net additions improved significantly to 5,000 from the prior year's loss of 40,000. Sirius XM Holdings operates a satellite radio and streaming audio entertainment business.

Sirius XM Holdings Inc. reported second quarter 2026 financial results, posting consolidated revenue of $2.16 billion and net income of $239 million. Adjusted EBITDA grew 3% to $691 million, while free cash flow surged 48% to $593 million. The company raised its full-year 2026 guidance for revenue, adjusted EBITDA, and free cash flow by $25 million each. Sirius XM declared a quarterly dividend of $0.27 per share. The company operates in the satellite radio and digital audio entertainment industry.

Sirius XM Holdings Inc. announced that Executive Vice President and Chief Operating Officer Wayne D. Thorsen will cease employment effective July 31, 2026. The departure follows no disagreements regarding operations or policies. Mr. Thorsen receives a lump sum payment of $1,050,000 representing a prorated portion of his 2026 annual bonus, payable within 60 days upon execution of a general release. All unvested equity awards are forfeited without consideration. The company does not intend to appoint a successor Chief Operating Officer at this time. Sirius XM Holdings Inc. operates in the satellite radio and audio entertainment industry.