# Sirius XM Q3 2026 Earnings Report Highlights

> Sirius XM reports stable subscriber trends and raised full-year financial guidance after Q3 2026 results.
- Title: Sirius XM Q3 2026 Earnings Report Highlights · The Motley Fool
- Summary: 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…
- Keywords: sirius xm, q3 2026, revenue, net income, adjusted ebitda, free cash flow, self-pay net additions, companion plans, podcasting revenue, programmatic advertising, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/29/sirius-xm-siri-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-29T17:53:53+00:00
- Read time: 1 min
- Topics: sirius xm, q3 2026, revenue, net income, adjusted ebitda, free cash flow, self-pay net additions, companion plans, podcasting revenue, programmatic advertising, finance, money
## 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.
## Key takeaway

Sirius XM reported $2.15 billion revenue, 7% higher net income, and raised full-year guidance by $25 million.