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Sirius XM Holdings Inc. (SIRI) Presents at Bank of America 2026 Media,Communications & Entertainment Conference Transcript

Longtime SiriusXM leader will advance the Company's product experiences and technology strategy 

, /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that Sean Gibbons has been promoted to Senior Vice President, Chief Product and Technology Officer, reporting to Chief Executive Officer Jennifer Witz and joining the Company's Executive Leadership Team. In this role, Gibbons will lead product and technology across SiriusXM and Pandora, with responsibility for product strategy and development, technology platforms and engineering, automotive and streaming distribution partnerships, and advertising technology.

"Sean has helped shape SiriusXM through some of our most important product and technology transformations, including the development and successful rollout of SiriusXM with 360L," said Jennifer Witz, Chief Executive Officer, SiriusXM. "He brings more than two decades of experience, deep knowledge of our business and a strong track record of bringing together teams, technology and partnerships to deliver for consumers. Sean is a highly respected leader and the right person to help us accelerate innovation, improve the customer experience and advance the products, platforms and partnerships that will support our growth."

Gibbons' key priorities will include advancing SiriusXM with 360L and the Company's next generation of in-car experiences; shaping the long-term technology roadmap supporting SiriusXM's satellite, broadcast and streaming platforms; applying AI to improve personalization, discovery and customer service; and creating more dynamic, connected and participatory experiences across SiriusXM's in-vehicle and streaming platforms.

"SiriusXM has a unique set of assets and a tremendous opportunity to make them work together even more powerfully for listeners," said Gibbons. "We can pair the reach and reliability of satellite with the flexibility of streaming and the intelligence of AI to make it easier for people to discover what they love, stay connected wherever they listen and participate more deeply in the content and moments that matter to them. I'm excited to take on this role and help shape the next generation of the SiriusXM experience."

Gibbons joined Sirius in 2000, before the company's first satellite launch, and has held leadership roles spanning product management, engineering, automotive, streaming, content technology and strategic partnerships. During his tenure, he established SiriusXM's first formal Product Management organization and later founded and led its first Streaming organization, expanding the SiriusXM experience across mobile, web and connected-home platforms.

Most recently, Gibbons led SiriusXM's Automotive organization, bringing together product, user experience, engineering and automotive partnerships to advance the company's in-vehicle experiences and relationships with leading automakers. Across more than two decades at SiriusXM, he has played a central role in many of the Company's most significant product and technology transformations, including its evolution toward connected, software-defined vehicle experiences and hybrid satellite-and-IP services.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America, with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a complete ecosystem of advertising solutions through SiriusXM Media and AdsWizz. SiriusXM offers live, on-demand, and human-curated programming across music, talk, news, sports, and podcasts, and the company reaches approximately 255 million monthly listeners across its platforms. With deep automotive manufacturer relationships and unique spectrum assets, SiriusXM is built to reach listeners wherever they are. The company connects fans to the voices, creators, and moments they love - creating communities where listeners engage, participate, and belong. For more about SiriusXM, please go to: https://www.siriusxm.com/

Source: SiriusXM

Investor Contact:
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Media Contact: 
Zak Paget
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SOURCE Sirius XM Holdings Inc.

Public Employees Retirement System of Ohio bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 50,488 shares of the company’s stock, valued at approximately $1,491,000.

Other hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in shares of Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock valued at $30,000 after acquiring an additional 794 shares during the period. Root Financial Partners LLC boosted its position in shares of Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock worth $32,000 after purchasing an additional 1,195 shares during the period. Global Retirement Partners LLC acquired a new stake in Sirius XM in the 2nd quarter valued at approximately $32,000. Rossby Financial LCC increased its holdings in Sirius XM by 57.7% in the 4th quarter. Rossby Financial LCC now owns 1,621 shares of the company’s stock valued at $32,000 after purchasing an additional 593 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new stake in Sirius XM in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Price Performance Sirius XM stock opened at $28.99 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. Sirius XM Holdings Inc. has a 52-week low of $19.76 and a 52-week high of $32.66. The firm has a market cap of $9.77 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 0.52 and a beta of 0.95. The company’s 50 day moving average is $29.73 and its two-hundred day moving average is $26.85.

Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm earned $0.57 EPS. The business’s revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Sirius XM Holdings Inc. will post 3 EPS for the current fiscal year. Sirius XM Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, August 10th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 10th. Sirius XM’s payout ratio is presently 43.20%.

Insider Buying and Selling In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.97, for a total value of $499,659.84. Following the sale, the director owned 18,354 shares of the company’s stock, valued at $550,069.38. This trade represents a 47.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is owned by insiders.

Analysts Set New Price Targets A number of research analysts have commented on SIRI shares. Scotiabank initiated coverage on Sirius XM in a research note on Wednesday, September 2nd. They set an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price objective on Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $45.00 target price on shares of Sirius XM in a research note on Tuesday, July 28th. Bank of America reissued an “underperform” rating on shares of Sirius XM in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Sirius XM presently has an average rating of “Hold” and an average target price of $32.00.

View Our Latest Stock Analysis on Sirius XM

Sirius XM Profile (Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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Shares of Sirius XM Holdings (SIRI +7.53%) were rallying on Wednesday, up as much as 7.9% before retreating to a 7.5% gain on the day.

Sirius received a bullish sell-side analyst note on the company's digital advertising opportunity, and the stock responded accordingly.

Premium Feature

Moneyball Superscore

56/100

Today's Change

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2.08

Current Price

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29.70

Is a turnaround taking shape? Today, Deutsche Bank analyst Bryan Kraft upgraded Sirius shares from "Hold" to "Buy" and raised his price target to $45, up from $31. Kraft believes that investors aren't appreciating Sirius' digital advertising opportunity,

Sirius is on track to become YouTube's exclusive digital audio advertising partner this Fall for audio-focused YouTube content, following the two companies' April agreement. Under the terms of the partnership, YouTube is opening its audio-focused inventory to SiriusXM Media, Sirius' "sell-side" digital advertising solutions platform, enabling ad buyers of SiriusXM inventory to seamlessly buy YouTube ads on YouTube's audio-oriented content, such as podcasts.

This may seem like YouTube is bailing out SiriusXM, as SiriusXM's subscriber count has declined in recent years while YouTube has posted healthy growth. However, SiriusXM's subscriber base may also skew toward higher-income households, and that cohort of devoted listeners is likely to be coveted by advertisers. So, it's no surprise to see YouTube partnering with Sirius on the initiative.

Sirius' ad revenue grew 5.1% last quarter, well above the flattish subscriber growth, marking an acceleration relative to prior quarters. Keep in mind, this is really before the YouTube partnership has even begun to show up meaningfully in financial results. That's why Kraft believes consensus estimates appear to be "completely disregarding" that likely growth in the quarters ahead.

Image source: Getty Images.

Sirius still looks like a cheap stock today At roughly $29.70 as of this writing, Sirius' market cap is about $10 billion. Meanwhile, the company just raised its free cash flow guidance for this year by $25 million to $1.375 billion. That means the stock still trades at roughly 7.3 times this year's free cash flow guidance.

That's a pretty low valuation for a subscription-based company with a smaller yet accelerating ad business, even with another $9.4 billion in debt on the balance sheet.

In other words, Kraft's new price target, as big an increase as it is, doesn't seem implausible. Investors are understandably skeptical about the sustainability of growth, given that Sirius subscribers have been in decline since the end of COVID. But if the new growth can be sustained with the YouTube partnership kicking in soon, Sirius still looks cheap, even after an impressive 49% year-to-date gain.

BlackRock Inc. grew its holdings in Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) by 82.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,602,229 shares of the company’s stock after acquiring an additional 7,977,045 shares during the period. BlackRock Inc. owned about 5.22% of Sirius XM worth $519,970,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in Sirius XM in the first quarter valued at $1,243,000. Aspen Grove Capital LLC purchased a new position in shares of Sirius XM during the 1st quarter valued at about $2,277,000. Brighton Jones LLC purchased a new position in shares of Sirius XM during the 4th quarter valued at about $622,000. Bank of New York Mellon Corp lifted its holdings in shares of Sirius XM by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,177,761 shares of the company’s stock valued at $50,263,000 after buying an additional 157,860 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after buying an additional 4,560,821 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Insider Activity at Sirius XM In other news, Director Jonelle Procope sold 16,672 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.97, for a total transaction of $499,659.84. Following the transaction, the director owned 18,354 shares in the company, valued at $550,069.38. This trade represents a 47.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider directly owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.27% of the company’s stock.

Sirius XM Price Performance NASDAQ:SIRI opened at $28.45 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. Sirius XM Holdings Inc. has a 52 week low of $19.76 and a 52 week high of $32.66. The stock’s 50-day moving average price is $29.60 and its 200-day moving average price is $26.33. The stock has a market capitalization of $9.59 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. Sirius XM (NASDAQ:SIRI – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Sirius XM had a return on equity of 9.37% and a net margin of 10.23%.The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. As a group, equities analysts expect that Sirius XM Holdings Inc. will post 3.01 EPS for the current fiscal year.

Sirius XM Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s dividend payout ratio is presently 43.20%.

Analyst Ratings Changes Several analysts recently commented on SIRI shares. UBS Group set a $30.00 target price on Sirius XM in a report on Wednesday, July 29th. Barrington Research boosted their price target on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Rosenblatt Securities restated a “buy” rating and issued a $45.00 price objective on shares of Sirius XM in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of Sirius XM from $26.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.92.

View Our Latest Stock Report on SIRI

About Sirius XM (Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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BlackRock Inc. bought a new position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,648,584 shares of the company’s stock, valued at approximately $104,619,000. BlackRock Inc. owned 0.79% of Sirius XM at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Valeo Financial Advisors LLC grew its position in Sirius XM by 3.2% in the second quarter. Valeo Financial Advisors LLC now owns 10,916 shares of the company’s stock valued at $322,000 after acquiring an additional 340 shares during the period. Altshuler Shaham Ltd grew its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock worth $36,000 after purchasing an additional 417 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Sirius XM by 33.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,837 shares of the company’s stock worth $55,000 after purchasing an additional 463 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Sirius XM by 36.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company’s stock worth $41,000 after purchasing an additional 493 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Sirius XM by 5.4% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,862 shares of the company’s stock worth $291,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

More Sirius XM News Here are the key news stories impacting Sirius XM this week:

Positive Sentiment: SiriusXM is adding former LSU football coach Brian Kelly to a weekly show with Danny Kanell and Roy Philpott. The move expands the company’s sports programming and could help attract college-football listeners and advertising revenue. Brian Kelly joins SiriusXM for weekly show Neutral Sentiment: Director Anjali Sud reportedly acquired 60 Sirius XM shares through a dividend-related restricted stock unit credit. Because the shares were received through an equity compensation process rather than a large open-market purchase, the transaction offers limited insight into management’s valuation view. Anjali Sud share acquisition Negative Sentiment: SiriusXM is reportedly dropping Howard Stern’s Channel 101 after layoffs affecting roughly a dozen staffers. The decision may reduce programming costs, but it also highlights disruption around one of the company’s highest-profile personalities and could weigh on subscriber engagement, content visibility and investor confidence. Howard Stern’s SiriusXM 101 channel dropped Negative Sentiment: Reports that Stern’s channel was removed following broader layoffs add to concerns about SiriusXM’s content strategy and its relationship with marquee talent. The impact could be partly offset if the replacement programming improves listening, but that benefit remains unproven. Howard Stern channel replacement announced Insider Transactions at Sirius XM In other news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the transaction, the director owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This trade represents a 47.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.27% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have commented on SIRI. Benchmark restated a “buy” rating on shares of Sirius XM in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. The Goldman Sachs Group reissued a “neutral” rating and issued a $32.00 target price on shares of Sirius XM in a report on Friday, August 7th. Wells Fargo & Company increased their price target on Sirius XM from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.92.

Get Our Latest Stock Report on Sirius XM

Sirius XM Stock Performance SIRI stock opened at $28.54 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50 day moving average price of $29.65 and a 200 day moving average price of $26.49. Sirius XM Holdings Inc. has a fifty-two week low of $19.76 and a fifty-two week high of $32.66. The stock has a market capitalization of $9.62 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Analysts forecast that Sirius XM Holdings Inc. will post 3.01 EPS for the current year.

Sirius XM Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 10th. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. Sirius XM’s dividend payout ratio is presently 43.20%.

Sirius XM Company Profile (Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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Shares of Sirius XM Holdings Inc. (NASDAQ:SIRI – Get Free Report) have been assigned an average rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $30.9167.

SIRI has been the subject of several research analyst reports. UBS Group set a $30.00 price objective on shares of Sirius XM in a research report on Wednesday, July 29th. Barrington Research raised their target price on Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Evercore set a $28.00 price target on Sirius XM in a research note on Friday, May 1st. Guggenheim reissued a “buy” rating and set a $35.00 price target (up from $34.00) on shares of Sirius XM in a report on Friday, July 31st. Finally, Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th.

Get Our Latest Research Report on Sirius XM

Insider Transactions at Sirius XM
In other news, Director Jonelle Procope sold 16,672 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the transaction, the director owned 18,354 shares of the company’s stock, valued at approximately $550,069.38. This represents a 47.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Scott Andrew Greenstein sold 20,744 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the completion of the sale, the insider owned 20,163 shares in the company, valued at approximately $601,462.29. The trade was a 50.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.27% of the stock is currently owned by corporate insiders.
Institutional Trading of Sirius XM
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new position in shares of Sirius XM in the 2nd quarter valued at $25,000. Aberdeen Wealth Management LLC bought a new stake in Sirius XM during the 2nd quarter worth $26,000. Gables Capital Management Inc. bought a new stake in Sirius XM during the 2nd quarter worth $32,000. Global Retirement Partners LLC acquired a new position in Sirius XM in the 2nd quarter worth about $32,000. Finally, Sunbelt Securities Inc. increased its holdings in Sirius XM by 158.5% in the 1st quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after purchasing an additional 794 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Performance
NASDAQ SIRI opened at $28.39 on Friday. The stock has a market cap of $9.57 billion, a PE ratio of 11.36, a P/E/G ratio of 0.62 and a beta of 0.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a 50-day moving average of $29.56 and a 200-day moving average of $26.22. Sirius XM has a 52-week low of $19.76 and a 52-week high of $32.66.

Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Sirius XM’s revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that Sirius XM will post 3.01 EPS for the current year.

Sirius XM Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.08 annualized dividend and a yield of 3.8%. Sirius XM’s payout ratio is presently 43.20%.

About Sirius XM
(Get Free Report)

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

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Sitting quietly in Berkshire Hathaway's portfolio is SiriusXM Holdings (SIRI -1.14%), which only accounts for 1.1% of the conglomerate's total portfolio. Looking a little more closely, however, shows that while its stake is small as a percentage in the portfolio, Berkshire still owns a huge chunk of the company itself: 37%.

The stock price has been on a good run in 2026, climbing nearly 50% as of this writing. But going back a little further, it's also lost 50% over the past five years. It's dealing with subscriber slowdown and increased competition, which will continue to be difficult to navigate.

That said, SiriusXM announced a deal with Alphabet that was easy to overlook but could be a meaningful long-term driver of revenue growth for the satellite radio company.

Image source: Getty Images.

The SiriusXM and Alphabet audio deal SiriusXM announced a partnership with YouTube (owned by Alphabet) in April, making it the exclusive advertising representative of YouTube's U.S. audio advertising inventory. In addition to its video content, YouTube offers podcasts, talk shows, and music channels, which are all ripe for advertising opportunities. The ad process will be handled by SiriusXM Media and the platform AdsWizz, which SiriusXM owns.

Through the deal, which is supposed to kick off in the fall, SiriusXM can generate revenue by handling the ad process. But it could also be a cross-selling boost for the company, as advertisers may want to run ads on SiriusXM-run stations in addition to YouTube to increase an ad campaign's exposure.

Reaching potential customers in audio format Despite all the worry about how artificial intelligence is changing the search engine landscape, Alphabet is still generating hundreds of billions of dollars in ad revenue. That's because in terms of reach, advertisers still know Alphabet's search engine, Google, is a premier destination for looking something up online.

SiriusXM can operate in a similar capacity for advertisers. Instead of connecting advertisers to search engine users, SiriusXM connects advertisers with listeners through its extensive reach in the audio entertainment space. But that's more of an operational comparison than an example of what's possible in terms of revenue. In 2025, Alphabet generated $294.6 billion in just ad revenue, while SiriusXM's 2025 full-year revenue totaled $8.5 billion. SiriusXM will never haul in anywhere near what Alphabet makes in advertising.

That said, while it's difficult to put a dollar figure on what managing audio ads for other platforms could generate, the process can still become a meaningful revenue driver for SiriusXM.

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The global podcast advertising market alone is expected to grow from $28.5 billion in 2026 to $38.5 billion by 2030, according to Grand View Research. And its current advertising revenue is showing steady progress; for the first six months of 2026, SiriusXM's total advertising revenue reached $861 million, a 4.2% increase from the first six months of 2025.

While it won't ever become an advertising powerhouse like Alphabet, handling the audio ad process for other platforms could become a new revenue growth engine for SiriusXM. And over the long term, that could continue to ignite investor enthusiasm, helping to extend the stock price's nearly 50% climb over the last year and reversing its 50% loss over the last five years.

There was plenty of volatility in the first trading week of August. You should expect more of the same for the rest of this summer and beyond. But that doesn't mean you should ever stop investing. You just need to fine-tune your selection process.

I believe that Costco (COST -0.14%), Royal Caribbean (RCL -0.17%), and Sirius XM Holdings (SIRI +0.10%) are buy-and-hold investments, and that won't change the next time there's a market sell-off. Let's take a closer look at these three steady investments.

Image source: Getty Images.

1. Costco There's a good time to buy Costco stock, and then there's a great time. The good time to buy the country's leading warehouse club operator is most of the time. It's a business built to survive and largely thrive in all economic climates. Net sales have increased in 32 of the past 33 years.

The great time to buy is when the stock is out of favor, and as it turns out, that is right now. Costco is trading 3% lower over the past year. The market's rising. Costco's sales and earnings are also moving higher. The shares have been inching lower, which has improved its recent valuation. More importantly, Costco doesn't tend to stay down for long.

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Costco is as close as you can get to an all-weather investment. Members know they're getting great deals on household essentials, as Costco's annual dues make up more than half of its operating profit. A retailer that delivers more bang for the buck will fare better than chains feasting on wider margins.

The stock is trading at 42 times next year's earnings target, a much steeper valuation than the other two names on this list. However, Costco's excellence over the long haul and its stellar operational consistency make it worth its market premium. Yes, you can be a safe stock without being a cheap one. If you're like me, you probably prefer it that way.

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2. Royal Caribbean The country's largest cruise line operator by market cap isn't just bobbing in the water. Royal Caribbean is cruising with industry-leading margins and growth. There are some choppy waters right now, but to an opportunistic investor, Royal Caribbean is tempting at just 3% higher over the past year.

The second-quarter results it posted two weeks ago were mixed, and not in the way you might initially expect. Revenue rose 6% for the spring quarter, in line with Wall Street projections. It landed ahead of analyst profit targets, even if adjusted earnings declined for the period. But an 11% jump in operating costs, fueled mostly by rising fuel costs as well as increases in food and labor expenses, was too much to overcome. Royal Caribbean slightly lowered its full-year revenue growth forecast from 10% to 9%, but it did boost its adjusted earnings outlook.

Demand remains thankfully robust here. Royal Caribbean's load factor was 110% based on double occupancy. Bookings for 2027 are ahead of historical levels, even in areas facing geopolitical uncertainties. Buying Royal Caribbean at a forward earnings multiple in the mid-teens sounds like a healthy watery escape. The stock's 1.6% yield rewards patient investors.

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3. Sirius XM Finally, we close on a name that you might not think would weather a market setback. As a product consumed largely in cars, the country's satellite radio monopoly may seem susceptible to rising fuel prices in more ways than one. As a premium entertainment subscription, Sirius XM may also seem like an easy one to nix when drivers need to cut costs.

Here's where Sirius XM steps up as a cheap cash cow. SiriusXM has run into some growing pains in recent years, but it has managed to marginally increase its year-over-year revenue for three consecutive quarters. The bottom line is where Sirius XM is faring better, as a 17% increase in earnings balloons to a 20% jump on a per-share basis, given its aggressive share buybacks.

Unlike Costco and Royal Caribbean, Sirius XM is beating the market with a 40% gain over the past year. It's still reasonably priced at 10 times this year's profit forecast with a healthy 3.6% yield. With 33 million subscribers still tuning in, Sirius XM isn't afraid to get loud when it needs to.

Sirius XM remains resilient despite a post-earnings share price drop, with dependable cash flow and industry-low churn. SIRI trades at a compelling 13-14% free cash flow yield, with buybacks set to begin as leverage hits the 3.4x target. Q2 FY2026 saw 1% revenue growth, 3% adjusted EBITDA growth, 48% free cash flow increase, and record-low 1.4% churn.

Buffett's Latest Portfolio Moves, and Another Secret StockSirius XM NASDAQ: SIRI reported second-quarter 2026 results marked by modest revenue growth, higher profitability, record-low churn and a substantial increase in free cash flow, prompting the company to raise its full-year financial outlook.

Chief Executive Officer Jennifer Witz said the company returned to positive net subscriber additions during the quarter, increased average revenue per user and recorded the lowest churn rate in its history. The company reported self-pay net additions of 22,000, its strongest second-quarter subscriber performance in four years.

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Sirius XM: Why Berkshire Just Added Another 2.3 Million Shares“Our strategy is clear and our solid execution is delivering results,” Witz said, citing the company’s focus on strengthening its subscription business, expanding advertising and improving operating efficiency.

Revenue, Earnings and Cash Flow Rise Consolidated revenue increased 1% year over year to nearly $2.2 billion. Subscription revenue rose 1% to $1.6 billion, supported by February pricing actions, while advertising revenue increased 5% to $454 million.

Spotify Stock Surge: Why Investors Are Buying Despite High PricesAdjusted EBITDA rose 3% to $691 million, and the adjusted EBITDA margin expanded by 1 percentage point to 32%. Net income increased 17% to $239 million, while diluted earnings per share rose 23% to $0.70.

Free cash flow grew 48% from a year earlier to $593 million. Chief Financial Officer Zac Coughlin said the increase reflected higher adjusted EBITDA, lower cash taxes and favorable timing of vendor payments and capital expenditures.

The company raised its 2026 guidance by $25 million each for revenue, adjusted EBITDA and free cash flow. SiriusXM now expects:

Approximately $8.525 billion in revenue Approximately $2.625 billion in adjusted EBITDA Approximately $1.375 billion in free cash flow Coughlin said the outlook incorporates an expected second-half headwind from higher memory costs for hardware modules. Equipment revenue fell 22% year over year to $36 million, which management attributed to increased memory costs tied to broader semiconductor-market conditions.

Subscription Trends and Retention Efforts SiriusXM’s core segment generated $1.6 billion in revenue, slightly higher than the prior-year period. Subscriber revenue grew 1% to $1.5 billion, while ARPU increased 1% to $15.32.

Self-pay churn was approximately 1.4% during the quarter. Witz said continuous-service initiatives, which reduce friction when customers change vehicles, contributed to the record-low result. She added that underlying churn also improved independently of the initiative because of lower vehicle-related and non-payment churn.

Companion plans contributed 123,000 incremental self-pay net additions during the quarter. Coughlin said more than 80% of users surveyed said the offering increased the value of their subscription, while more than three-quarters said it made them more likely to remain subscribers.

Management nevertheless maintained its expectation for modestly lower full-year self-pay net additions than in 2025. The company expects comparisons to become more difficult in the fourth quarter as it anniversaries the launch of continuous service. SiriusXM is also reducing promotional acquisition offers and discounting in an effort to improve subscriber quality and long-term customer value.

Witz said the company expects churn to remain in a roughly 1.4% to 1.6% range over the longer term, while still seeing opportunities to improve engagement through expanded customer and listening data.

Advertising Momentum and YouTube Opportunity The company’s Pandora and off-platform segment reported revenue growth of 4% to $543 million. Advertising revenue in the segment increased 5% to $413 million, led by approximately 30% growth in podcasting revenue, 29% growth in programmatic advertising and 20% growth in technology fees. Those gains were partly offset by softer streaming-music advertising.

Podcasting revenue grew 30% companywide, driven by higher CPMs, greater sell-through and advertiser demand, Witz said. SiriusXM also cited advertising demand around its FIFA World Cup coverage, which included sponsorship packages for Bank of America, Lowe’s, Verizon, Xfinity and McDonald’s.

Management expects broader commercialization of YouTube Audio later in 2026 following an early test-and-learn period. Chief Advertising Revenue Officer Scott Walker said the offering is intended to address instances where YouTube users are primarily listening rather than watching, including through YouTube Music, smart speakers and mobile or in-car listening.

Walker said SiriusXM now can claim reach of 255 million monthly active users, or 90% of adults age 13 and older, through the opportunity. However, Coughlin said the company does not expect meaningful financial contribution from the YouTube arrangement during the remainder of 2026 or the first half of 2027. Management expects the opportunity to become more significant in the second half of 2027 as advertiser adoption scales.

Content, Sports and Capital Allocation Witz highlighted the company’s content investments, including new full-time artist channels for Morgan Wallen and Green Day, expanded news programming, podcast renewals and the launch of WWE Radio. Sports streaming increased 14% year over year, according to the company.

SiriusXM also introduced Sports Pass, a lower-priced sports-focused subscription offering, and announced an agreement with Audacy to add local sports stations from 22 major U.S. markets. President and Chief Content Officer Scott Greenstein said the Audacy partnership is intended to complement SiriusXM’s national sports voices and league programming with local sports-talk coverage.

The company said 360L, its in-car platform, is expanding across nearly every major original equipment manufacturer lineup. OEM subscribers averaged approximately 24 hours of monthly listening, while subscribers who also stream through the SiriusXM app engaged more than twice as much. Listening through personalized artist stations increased 50% year over year.

On costs, Coughlin said SiriusXM captured $74 million year to date toward its target of $100 million in incremental gross cost savings in 2026, including $48 million in operating expense savings and $26 million in capital expenditure savings.

Capital expenditures declined to $130 million from $145 million a year earlier, primarily because of lower satellite investment following the late-June launch of SXM-11. The company expects the planned launch of SXM-12 next year to complete its current satellite investment cycle.

SiriusXM reduced total debt by $292 million during the quarter and returned nearly $97 million to shareholders through dividends and share repurchases. Net leverage ended the quarter at 3.4 times adjusted EBITDA, within the company’s long-term target range of the low to mid-3 times.

Coughlin said share repurchases are expected to become a more important use of excess cash flow, with an increase anticipated in the second half of 2026 and potentially more significant repurchases in 2027. The company had approximately $996 million remaining under its repurchase authorization at quarter-end.

About Sirius XM (NASDAQ:SIRI)Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM's offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Sirius XM Holdings Inc. (SIRI) Q2 2026 Earnings Call Transcript

Sirius XM (SIRI - Free Report) came out with quarterly earnings of $0.7 per share, missing the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -10.26%. A quarter ago, it was expected that this satellite radio company would post earnings of $0.7 per share when it actually produced earnings of $0.72, delivering a surprise of +2.86%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Sirius XM, which belongs to the Zacks Broadcast Radio and Television industry, posted revenues of $2.16 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.91%. This compares to year-ago revenues of $2.14 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Sirius XM shares have added about 63% since the beginning of the year versus the S&P 500's gain of 6.9%.

What's Next for Sirius XM?While Sirius XM has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Sirius XM was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $2.15 billion in revenues for the coming quarter and $3.10 on $8.56 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Broadcast Radio and Television is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Warner Bros. Discovery (WBD - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This operator of cable TV channels such as TLC and Animal Planet is expected to post quarterly loss of $0.13 per share in its upcoming report, which represents a year-over-year change of -120.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Warner Bros. Discovery's revenues are expected to be $9.29 billion, down 5.3% from the year-ago quarter.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced its operating and financial results for the second quarter 2026. The full earnings release is available on the Investor Relations section of the company's 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 audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a complete ecosystem of advertising solutions through SiriusXM Media and AdsWizz. SiriusXM offers live, on-demand, and human-curated programming across music, talk, news, sports, and podcasts, and the company reaches approximately 255 million monthly listeners across its platforms. With deep automotive manufacturer relationships and unique spectrum assets, SiriusXM is built to reach listeners wherever they are. The company connects fans to the voices, creators, and moments they love - creating communities where listeners engage, participate, and belong.  For more about SiriusXM, please go to: www.siriusxm.com.  

Source: SiriusXM 

Investor contact: 
Jennifer DiGrazia
[email protected]  

SOURCE Sirius XM Holdings Inc.

Also from this source

SiriusXM Holdings (SIRI +4.76%) has been one of the quiet winners within the Berkshire Hathaway portfolio thus far in 2026, with the stock price up 54% as of this writing.

That price run-up, however, may have many wondering if there's still upside for Sirius. It's expected to report its 2026 second-quarter earnings on July 30, so we'll see an update soon that could determine the stock's short-term direction.

Image source: Getty Images.

What to look for in earnings Sirius has become a mature business, so in its earnings reports, the total number of paid subscribers is less important than it used to be. Instead, it's more important to look at free cash flow, if capital expenditures are decreasing as expected, and if full-year guidance is reaffirmed or even boosted.

In April, however, something intriguing was announced that could have a longer-term impact on the stock price than anything likely to be reported on July 30.

Becoming a hub for audio advertisers As mentioned above, looking at paid subscriber counts is less important because there isn't any growth happening. In fact, Sirius lost 111,000 self-pay subscribers (someone paying for a subscription themselves or an automaker that is paying for the subscription for three years or longer) in the first quarter of 2026, an improvement from the 192,000 it lost in the prior year.

Sirius is, however, finding diversified revenue growth opportunities that can offset those subscriber losses, one of which is in handling the advertising for other companies.

In April, SiriusXM announced a partnership with YouTube to manage its audio ads in the U.S. While YouTube, owned by parent company Alphabet, is known for its video content, it also offers audio-first content, including music, talk shows, and podcasts. Sirius will manage the process of placing advertisers in those formats for YouTube through SiriusXM Media and the tech platform AdsWizz, which Sirius also owns.

The direct benefit for Sirius is that it will generate revenue from the deal for handling the audio ad process, which is expected to start in the fall. But Sirius may also see a boost in its own advertising sales from companies that may first want audio ad space on YouTube but then want to expand their reach by placing ads on Sirius stations and the Sirius-owned Pandora platform.

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A business shift that could offer lasting results Despite the recent stock price climb, SiriusXM shares are still down nearly 50% over the last five years. A more competitive entertainment streaming landscape has weighed on the stock, and as we saw in the first quarter of 2026, the company is still losing paying listeners.

That's why the YouTube agreement is so promising, as it can open the door to other audio ad management deals and help Sirius not be so reliant on adding paying subscribers for revenue growth. In announcing the arrangement with YouTube, Sirius wrote: "The landmark partnership with YouTube highlights SiriusXM's commitment to an open, partner-first audio advertising ecosystem, continuing to connect advertisers to premium audio content wherever audiences choose to listen.

The July 30 earnings report may determine what happens to Sirius stock over the next few days or weeks. But if Sirius executes on becoming the go-to source for managing audio ad placements and that creates meaningful revenue growth, it can help it continue to dig itself out of the stock price losses it has experienced over the last five years.

Sirius XM (SIRI -0.23%) has interested and frustrated investors in recent years. It holds a monopoly on satellite radio in the U.S., and the stock's dividend yield is far above S&P 500 averages.

Unfortunately, despite Berkshire Hathaway holding over 37% of its shares, the stock's value has slid over the last five years, and competition from internet-based streaming services has limited subscriber growth.

Still, one might wonder whether it is time to buy Sirius XM stock amid the possibility of further recovery when it reports second-quarter earnings on July 30.

Image source: Getty Images.

This is a difficult question, as reactions to earnings reports are difficult to predict before the fact. Investors will probably like the fact that it rallied nearly 50% in the first half of 2026.

However, Sirius XM has long been a slow-growth business, making it less likely the report will spark more buying in the stock. In the first quarter of 2026, revenue grew by 1% year over year after pulling back by 2% during 2025.

Nonetheless, net income surged 20% in Q1, after it turned profitable in 2025. Looking forward, analysts forecast flat annual revenue growth for Q2 along with a 23% profit increase over the same period. Amid that improvement, investors can buy the stock for 12 times trailing earnings.

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Also, investors earn $1.08 per share annually in cash payouts while they wait for a stock recovery. That amounts to a dividend yield of 3.6%, far above the S&P 500's 1.1% average yield.

Such conditions indicate that investors should buy Sirius XM stock before July 30, but only if they are buying it for income.

Indeed, Sirius XM has a low earnings multiple and a generous dividend yield. Unfortunately, the flat revenue growth and low P/E ratio make it unlikely the quarterly report will point to any further growth catalysts.

Still, Sirius XM is a Berkshire Hathaway-owned stock selling at a low P/E ratio and paying a huge dividend. That makes it likely the communication stock is eventually due to move higher.

Will Healy has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock. This regular quarterly dividend is payable in cash on August 26, 2026, to stockholders of record at the close of business on August 10, 2026.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contacts:
Jennifer DiGrazia
[email protected] 

SOURCE Sirius XM Holdings Inc.

Also from this source

Sirius XM (SIRI - Free Report) closed at $30.59 in the latest trading session, marking a -2.02% move from the prior day. This change lagged the S&P 500's 1.01% loss on the day. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 1.4%.

Prior to today's trading, shares of the satellite radio company had gained 11.38% outpaced the Consumer Discretionary sector's gain of 1.27% and the S&P 500's gain of 0.32%.

Analysts and investors alike will be keeping a close eye on the performance of Sirius XM in its upcoming earnings disclosure. The company's earnings report is set to go public on July 30, 2026. On that day, Sirius XM is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 36.84%. Simultaneously, our latest consensus estimate expects the revenue to be $2.14 billion, showing a 0.11% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates project earnings of $3.1 per share and a revenue of $8.56 billion, demonstrating changes of -2.82% and +0.04%, respectively, from the preceding year.

Investors should also pay attention to any latest changes in analyst estimates for Sirius XM. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Sirius XM boasts a Zacks Rank of #2 (Buy).

Looking at its valuation, Sirius XM is holding a Forward P/E ratio of 10.06. This valuation marks a discount compared to its industry average Forward P/E of 13.48.

It's also important to note that SIRI currently trades at a PEG ratio of 0.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Broadcast Radio and Television industry had an average PEG ratio of 1.06.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 102, finds itself in the top 42% echelons of all 250+ industries.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

SiriusXM CEO Jennifer Witz sits down with CNBC's Julia Boorstin to discuss reports of a potential merger with iHeartMedia, the competitive landscape, SiriusXM's partnership with YouTube, and more.

Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) will release its second quarter 2026 operating and financial results on Thursday, July 30, 2026. The company will host an investor conference call that morning at 8:00 a.m. ET to discuss results. A live webcast of the call will be available on the SiriusXM Investor Relations 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 audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contact:
Jennifer DiGrazia
1 (818) 384-4543
[email protected] 

SOURCE Sirius XM Holdings Inc.

Also from this source

Sirius XM (SIRI - Free Report) ended the recent trading session at $28.35, demonstrating a +2.13% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.

Shares of the satellite radio company witnessed a loss of 7.06% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 2.34%, and the S&P 500's loss of 1.42%.

Investors will be eagerly watching for the performance of Sirius XM in its upcoming earnings disclosure. On that day, Sirius XM is projected to report earnings of $0.78 per share, which would represent year-over-year growth of 36.84%. Meanwhile, the latest consensus estimate predicts the revenue to be $2.14 billion, indicating a 0.11% increase compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.1 per share and a revenue of $8.56 billion, representing changes of -2.82% and +0.02%, respectively, from the prior year.

Any recent changes to analyst estimates for Sirius XM should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Sirius XM presently features a Zacks Rank of #3 (Hold).

Looking at valuation, Sirius XM is presently trading at a Forward P/E ratio of 8.94. This signifies a discount in comparison to the average Forward P/E of 12.1 for its industry.

One should further note that SIRI currently holds a PEG ratio of 0.6. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Broadcast Radio and Television was holding an average PEG ratio of 1.01 at yesterday's closing price.

The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 107, placing it within the top 44% of over 250 industries.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

The Zacks Broadcast Radio and Television industry is grappling with an escalation in cord-cutting despite a surge in demand for streaming content. However, industry players, such as Netflix (NFLX - Free Report) , Fox (FOXA - Free Report) , Roku Inc. (ROKU - Free Report) and Sirius XM (SIRI - Free Report) , are reaping the benefits of a massive spike in digital content consumption. These companies are thriving due to their diverse content offerings, which include original, regional and short-form content tailored for small screens like smartphones and tablets. Improved Internet speed and penetration, coupled with technological advancements, have been advantageous for industry participants. As monetization and revenues from advertising spending continue to be modest, strategies focused on profit protection, cash management and greater technology integration have gained significance and are expected to aid these companies in driving top-line growth in the near term.

Industry Description The Zacks Broadcast Radio and Television industry encompasses companies that provide entertainment, sports, news, non-fiction and musical content across television, radio and digital media platforms. These entities generate revenues through the sale of television and radio programs, advertising slots and subscriptions. With technological advancements and a growing demand for virtual reality and Internet radio, industry players are increasing their investments in research and development, as well as sales and marketing efforts, to remain competitive. The industry's focus is likely to shift toward sustaining current levels of operations, coupled with a renewed emphasis on flexibility. This approach would accelerate the transition to a variable cost model, thereby reducing fixed costs and enhancing agility in the face of evolving market dynamics.

4 Broadcast Radio and Television Industry Trends to Watch Shift in Consumer Preference a Key Catalyst: To adapt to the evolving landscape, companies are diversifying their content offerings for over-the-top (OTT) services alongside traditional linear TV. The availability of streaming services across a wide range of platforms has enabled them to reach a global audience, expand their international user base and attract advertisers to their platforms, thereby boosting ad revenues. The utilization of services that aid advertisers in measuring their return on investment and enhancing use cases is expected to benefit industry participants. Major leagues and events, such as the NFL, NHL, Olympics, European Games, EPL and elections, also contribute significantly to ad revenue generation.

Increased Digital Viewing Fuels Content Demand: Many industry participants, either launching their own OTT services or acquiring existing ones, leverage user insights to deliver tailored content. The surge in digital viewing has made consumer data readily available, allowing companies to apply artificial intelligence (AI) and machine learning techniques to create or procure targeted content. This approach not only boosts user engagement but also enables industry players to raise the prices of their services at opportune moments without the fear of losing subscribers.

Uncertain Macroeconomic Landscape Impedes Production and Ad Demand: Advertising is a significant revenue source for the Broadcast Radio and Television industry. However, industry participants are grappling with the effects of persistently high inflation, rising interest rates, increased capital costs, a soaring U.S. dollar and the looming threat of a recession. These factors have prompted advertisers to trim their ad budgets, which is expected to impact the top-line growth of industry players in the near term. Moreover, intense competition for ad dollars from tech and social media companies has been a significant impediment to the growth of industry participants.

Low-Priced Skinny Bundles Impact Revenues: The surge in cord-cutting has compelled industry participants to offer "skinny bundles." These Internet-based services often contain fewer channels than traditional subscriptions and are, therefore, more affordable. This move aligns with changing consumer viewing dynamics, as growth in Internet penetration and advancements in mobile, video and wireless technologies have boosted small-screen viewing. While these alternative services are expected to keep users engaged with their platforms, increasing the need for additional content, the low-priced skinny bundles are likely to dampen the top-line performance of industry players.

Zacks Industry Rank Indicates Dull Prospects The Zacks Broadcast Radio and Television industry is housed within the broader Zacks Consumer Discretionary sector. It currently carries a Zacks Industry Rank #164, which places it in the bottom 34% of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dismal near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.

The industry’s position in the bottom 50% of the Zacks-ranked industries results from a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are pessimistic about this group’s earnings growth potential. Since June 30, 2025, the industry’s earnings estimates for 2026 have moved south by 6.3%.

Despite the gloomy industry outlook, a few stocks are worth watching, as these have the potential to outperform the market based on a strong earnings outlook. But before we present such stocks, it is worth first looking at the industry’s shareholder returns and current valuation.

Industry Lags Sector, S&P 500 The Zacks Broadcast Radio and Television industry has underperformed the broader Zacks Consumer Discretionary sector and the S&P 500 Index in the past six-month period.

The industry has plunged 19.8% over this period compared with the S&P 500’s 7.7% return and the broader sector’s decline of 11.5%, respectively.

6-Month Price Performance 

Industry's Current Valuation On the basis of trailing 12-month Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA), which is a commonly used multiple for valuing Broadcast Radio and Television stocks, the industry is currently trading at 7.76X versus the S&P 500’s 18.49X and the sector’s 9.2X.

In the past five years, the industry has traded as high as 15.56X and as low as 4.92X, recording a median of 8.49X, as the chart below shows.

EV/EBITDA Ratio (TTM)

4 Broadcast Radio and Television Stocks to Watch Fox Corporation enters the near term with fundamental tailwinds drawn from its announcements. In April, FOX named Amazon Web Services its preferred AI cloud provider, strengthening FOX One's streaming and personalization capabilities. In May, independent studies showed FOX advertising driving up to 81% lift in real-world outcomes, while FOX One launched as a Roku Premium Subscription, widening distribution ahead of the FIFA World Cup 2026. In June, FOX secured a new NFL package in Mexico and agreed to acquire Roku, combining premium live sports and news with a platform reaching over 100 million households, targeting roughly $400 million in run-rate cost synergies. With World Cup rights, broadening digital reach and a strong balance sheet, this Zacks Rank #1 (Strong Buy) company's fundamentals support continued near-term momentum. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for fiscal 2026 earnings has moved north by 7.6% to $4.93 per share in the past 60 days. FOXA shares have lost 34% in the past six-month period.

Price and Consensus: FOXA

Netflix enters the second half of 2026 underpinned by strengthening fundamentals. Management's guidance calls for 2026 revenues of $50.7 billion to $51.7 billion, representing 12% to 14% growth, alongside operating margin expansion to 31.5% from 29.5% in 2025, reflecting genuine profitability gains. Advertising remains a key growth lever: the ad-supported tier now reaches over 250 million global monthly active viewers, with revenues on track to roughly double to about $3 billion, backed by new AI-driven ad tools, expanded programmatic buying, an enlarged NFL live sports slate and planned entry into 15 additional countries from 2027. April's mobile redesign, featuring the new Clips vertical discovery feed, should lift engagement, while June's record performance of KPop Demon Hunters reinforces continued content momentum.

The Zacks Consensus Estimate for 2026 earnings has moved north by 2% to $3.60 per share in the past 60 days. Shares of this Zacks Rank #3 (Hold) company have plunged 22.2% in the past six-month period.

Price and Consensus: NFLX

Roku's near-term fundamentals look encouraging. This Zacks Rank #3 company surpassed 100 million global streaming households in April, underscoring platform scale that drove 28% year-over-year platform revenue growth in the first quarter alongside expanding profitability. Management raised full-year guidance, projecting platform revenue growth near 21% to $5 billion and higher adjusted EBITDA, supported by accelerating advertising demand and record premium subscription sign-ups. New initiatives are reinforcing engagement: Roku Curate simplifies advertiser access to premium inventory, while a redesigned Home Screen introduced in May enhances content discovery across its expanding user base. A fall partnership with The CW Network should further broaden viewership reach. Separately, Roku and Fox Corporation announced a definitive merger agreement in June, adding a distinct near-term catalyst alongside these fundamentals.

The Zacks Consensus Estimate for 2026 earnings has moved north by 13.1% to $2.41 per share in the past 60 days. Roku shares have increased 22% in the past six-month period.

Price and Consensus: ROKU

SiriusXM’s first-quarter results showed free cash flow tripling year over year, churn falling to a record-low 1.5%, and EBITDA margin expanding, prompting management to reaffirm robust full-year guidance of roughly $8.5 billion in revenues, $2.6 billion in adjusted EBITDA, and $1.35 billion in free cash flow. Growth catalysts are building: April's exclusive YouTube audio-advertising partnership extends reach toward 255 million monthly listeners starting this fall, while May's expanded LiveRamp identity-targeting deal with AdsWizz strengthens programmatic monetization. June's video-podcast distribution agreement with Tubi adds 100 million monthly users, leveraging podcasting's strong revenue momentum. With leverage trending toward management's low-to-mid 3x target and continued capital returns, this Zacks Rank #3 company's broadening advertising ecosystem and disciplined execution support a constructive near-term outlook.

The Zacks Consensus Estimate for 2026 earnings has remained steady at $3.10 per share in the past 60 days. In the past six-month period, SIRI shares have returned 35.8%.

Price and Consensus: SIRI

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Sirius XM (SIRI - Free Report) reported $2.09 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 1.1%. EPS of $0.72 for the same period compares to $0.59 a year ago.

The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $2.07 billion. With the consensus EPS estimate being $0.70, the EPS surprise was +3.45%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sirius XM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Subscribers - Sirius XM - Self-pay subscribers: 31,234 versus 31,130 estimated by two analysts on average.ARPU - Sirius XM: $14.99 versus the two-analyst average estimate of $15.06.Subscribers - Net additions - Sirius XM - Self-pay subscribers: -111 versus the two-analyst average estimate of -215.Subscribers - Sirius XM - Ending subscribers: 32,779 compared to the 32,686 average estimate based on two analysts.Revenue- Advertising revenue: $407 million compared to the $396.27 million average estimate based on three analysts. The reported number represents a change of +3.3% year over year.Revenue- Equipment revenue: $41 million versus $42.53 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a 0% change.Revenue- Other revenue: $31 million compared to the $29.64 million average estimate based on three analysts. The reported number represents a change of 0% year over year.Revenue- Pandora and Off-platform- Advertising revenue: $372 million compared to the $357.04 million average estimate based on three analysts. The reported number represents a change of +4.8% year over year.Revenue- Sirius XM- Subscriber revenue: $1.48 billion versus $1.47 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +0.9% change.Revenue- Subscriber revenue: $1.61 billion versus the three-analyst average estimate of $1.61 billion. The reported number represents a year-over-year change of +0.6%.Revenue- Pandora and Off-platform- Subscriber revenue: $129 million versus $132.55 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -2.3% change.Revenue- Sirius XM- Equipment revenue: $41 million compared to the $43.29 million average estimate based on two analysts. The reported number represents a change of 0% year over year.View all Key Company Metrics for Sirius XM here>>>

Shares of Sirius XM have returned +14.3% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.

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Published in earnings earnings-estimates-revisions earnings-surprise

Sirius XM Holdings Inc. (SIRI) Q1 2026 Earnings Call Transcript

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