Sirius XM Q1 revenue slightly beats estimates

Sirius XM Holdings

30/04/2026 12:59

Overview

US satellite radio provider's Q1 revenue rose 1%, slightly beating analyst expectations

Adjusted EPS for Q1 rose 22% yr/yr to $0.72

Company reaffirmed full-year 2026 revenue, adjusted EBITDA and free cash flow guidance

Outlook

Sirius XM reaffirms 2026 revenue guidance of about $8.5 bln

Company maintains 2026 adjusted EBITDA forecast at about $2.6 bln

Sirius XM expects 2026 free cash flow of about $1.35 bln

Result Drivers

SUBSCRIBER REVENUE AND PRICING - Growth in subscriber revenue was primarily driven by rate increases on certain self-pay plans, partially offset by a slightly lower average subscriber base

ADVERTISING AND PODCASTING - Advertising revenue increased, supported by strength in podcasting, higher programmatic demand and technology fees, despite softer demand in streaming music

COST CONTROLS - Lower customer service, product and technology, and general and administrative expenses contributed to higher adjusted EBITDA

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$2.09 bln
$2.07 bln (11 Analysts)
Q1 EPS
$0.72
Q1 Net Income
$245 mln
Q1 Adjusted EBITDA
$666 mln
Q1 Free Cash Flow
$171 mln


*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 5 "strong buy" or "buy", 6 "hold" and 5 "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 $24.50, about 8.4% below its April 29 closing price of $26.76

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 6 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.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)