Sirius XM Holdings Inc. Reports Q1 2026 Financial Results

Sirius XM Holdings Inc. reported its financial and operating results for the first quarter ended March 31, 2026. Total revenue increased by 1% year-over-year to $2.09 billion. Net income saw a significant increase of 20% to $245 million, with diluted earnings per common share rising to $0.72. Adjusted EBITDA grew by 6% to $666 million, and free cash flow more than tripled to $171 million. The company experienced an improvement in self-pay net additions, with churn declining to 1.5%. SiriusXM reaffirmed its full-year 2026 guidance for total revenue, Adjusted EBITDA, and free cash flow. The report also detailed segment highlights for SiriusXM and Pandora/Off-Platform, including subscriber numbers, revenue, and gross profit. The company returned capital to shareholders through dividends and share repurchases, and maintained its target leverage ratio.