Sirius XM Q4 revenue slightly beats estimates

Overview

• Audio entertainment firm's Q4 revenue slightly beat analyst expectations

• Net income for Q4 decreased compared to prior year

• Company highlighted strategic focus on subscriber engagement and audio advertising

Outlook

• Sirius XM expects 2026 revenue of approximately $8.5 bln

• Company projects 2026 adjusted EBITDA of approximately $2.6 bln

• Sirius XM targets 2026 free cash flow of approximately $1.35 bln

Result Drivers

• PROGRAMMING EXPANSION - Sirius XM expanded its programming with new channels and influential voices, enhancing subscriber engagement

• PODCASTING GROWTH - Podcasting grew 41% in 2025, contributing to advertising revenue increase

• COST SAVINGS - Achieved $250 mln in cost savings, contributing to strong free cash flow growth

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 6 "sell" or "strong sell"

• The average consensus recommendation for the broadcasting peer group is "buy."

• Wall Street's median 12-month price target for Sirius XM Holdings Inc is $21.50, about 3.7% above its February 4 closing price of $20.73

• The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.