Sirius XM Q3 Earnings Report: GAAP EPS and Revenue Miss Estimates
Sirius XM Holdings Inc. (SIRI) reported third-quarter financial results that fell slightly short of analyst expectations. The company posted a GAAP earnings per share (EPS) of $0.78, missing estimates by $0.01, while revenue reached $2.15 billion, representing a 0.5% year-over-year decline and a $10 million miss against consensus. Despite the top and bottom-line misses, the company showed signs of operational strength with net income rising 7% to $317 million. Additionally, adjusted EBITDA grew by 3% year-over-year to reach $694 million, suggesting improved profitability margins despite the slight contraction in total revenue.
Tickers: $SIRI
Topics: earnings miss EBITDA net income growth revenue decline