Sirius XM slightly beats Q2 revenue  estimates, raises 2026 guidance

Sirius XM Holdings

30/07/2026 13:07

Overview
US satellite radio provider's Q2 revenue rose 1%, slightly beating analyst expectations
EPS for Q2 rose 23% yr/yr; net income up 17%
Company raised 2026 guidance for revenue, adjusted EBITDA, and free cash flow

Outlook
Sirius XM raises 2026 revenue guidance to about $8.525 bln
Company lifts 2026 adjusted EBITDA forecast to about $2.625 bln
Sirius XM now sees 2026 free cash flow at about $1.375 bln

Result Drivers
SUBSCRIPTION AND ADVERTISING REVENUE - Co said higher subscription and advertising revenue drove adjusted EBITDA growth
RECORD-LOW CHURN - Self-pay net additions improved, supported by record-low self-pay churn of 1.4%, reflecting benefits from continuous service initiative and lower vehicle-related and non-pay churn
PODCAST AND PROGRAMMATIC ADVERTISING - Pandora and Off-Platform advertising revenue increased, driven by strength in podcasting and higher programmatic demand

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Beat*
$2.16 bln
$2.14 bln (13 Analysts)
Q2 EPS
 
$0.70
 
Q2 Net Income
 
$239 mln
 
Q2 Adjusted EBITDA
 
$691 mln
 
Q2 Free Cash Flow
 
$593 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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July 30 - Stagwell beats Q2 revenue estimates, lifts FY adjusted EPS outlook

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(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.)