Sirius XM Q3 revenue beats estimates at $2.16 bln

Sirius XM Holdings

30/10/2025 11:55

Overview

Sirius XM Q3 2025 revenue of $2.16 bln beats analyst expectations

Net income improved to $297 mln from a loss last year due to goodwill impairment

Adjusted EBITDA decreased to $676 mln due to lower subscriber revenue and increased costs

Outlook

SiriusXM raises 2025 revenue guidance to approximately $8.525 bln

Company increases 2025 adjusted EBITDA guidance to $2.625 bln

SiriusXM expects 2025 free cash flow of approximately $1.225 bln

Result Drivers

SUBSCRIBER REVENUE DECLINE - Lower subscriber revenue impacted adjusted EBITDA, driven by a smaller average base of self-pay subscribers

COST INCREASES - Higher revenue share, royalties, and subscriber acquisition costs contributed to decreased adjusted EBITDA

DIGITAL ADVERTISING AND PODCASTING - Scaling digital advertising and strengthening podcasting leadership supported financial performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$2.16 bln
$2.14 bln (12 Analysts)
Q3 EPS
$0.84
Q3 Net Income
$297 mln
Q3 Adjusted EBITDA
$676 mln
Q3 Free Cash Flow
$257 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 5 "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 $24.00, about 12.3% above its October 29 closing price of $21.06

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 8 three months ago

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