Sirius XM Reports Q3 2026 Growth in Net Income and Raises Full-Year Guidance
Sirius XM Holdings Inc. (SIRI) reported third-quarter results showing a resilient financial performance despite a slight year-over-year decline in total revenue to $2.15 billion, caused primarily by lower equipment sales. The company achieved a 7% increase in net income to $317 million and saw adjusted EBITDA grow by 3% to $694 million, benefiting from disciplined cost management and expanded margins. Key growth drivers included a 20% surge in podcasting revenue and strong programmatic advertising performance. While Pandora monthly active users declined, the company successfully raised its full-year guidance for revenue, adjusted EBITDA, and free cash flow. Management noted that self-pay net additions returned to positive territory, supported by new companion subscription plans and improved churn rates.
Topics: EBITDA Free Cash Flow Guidance Net Income Revenue Subscriber Metrics