From The Motley Fool · Motley Fool Transcribing · · 2m
Sirius XM Q3 2026 Earnings Report Highlights
Sirius XM reports stable subscriber trends and raised full-year financial guidance after Q3 2026 results.
In brief
Sirius XM reports stable subscriber trends and raised full-year financial guidance after Q3 2026 results. Sirius XM reported $2.15 billion revenue, 7% higher net income, and raised full-year guidance by $25 million. Originally reported by The Motley Fool.
Q3 Revenue
Revenue reached $2.15 billion, a slight year-over-year decline due to lower equipment revenue.
Net Income Growth
Net income increased 7% to $317 million, reflecting improved profitability.
Adjusted EBITDA
Adjusted EBITDA grew 3% to $694 million with margins expanding to 32%.
Free Cash Flow
Free cash flow advanced 14% year over year to $293 million.
Self-Pay Net Additions
Self-pay net additions improved by 45,000 year over year to 5,000.
Full-Year Guidance
Full-year revenue guidance increased by $25 million to $8.55 billion.
YouTube Audio Reach
YouTube Audio reached 255 million unduplicated monthly listeners, up from 170 million.
Podcasting Revenue
Podcasting revenue grew 20% driven by strong advertiser demand.
Programmatic Advertising
Programmatic advertising grew 21% reflecting digital audio monetization strength.
Subscriber Churn
Self-pay churn improved to 1.5% from 1.6% in the prior year period.
Companion Subscriptions
Companion subscriptions added 107,000, supporting overall net additions.
Pandora Revenue
Pandora and off-platform revenue increased modestly to $549 million.
Capital Expenditures
Capital expenditures decreased to $166 million from $175 million.
Debt Reduction
Total debt reduced by $100 million, ending with net leverage ratio of 3.3 times.
SAC Increase
Subscriber acquisition cost rose to $22.36 per installation.
YouTube Audio Impact
YouTube Audio partnership expanded reach to 255 million monthly listeners.
Sports Channel Growth
22% of 360L sports audience tuned into local sports channels.
AI Customer Service
AI agents handle significant customer chat and voice interactions.
Fourth Quarter Outlook
Anticipating more challenging fourth quarter for self-pay subscriber trends.
At a glance
Sirius XM reported $2.15 billion revenue, 7% higher net income, and raised full-year guidance by $25 million.
