AI-extracted from the 10-Q filed 2026-07-30 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
SiriusXM Q2 revenue reached $2.16B (+1% YoY), with net income of $239M (+17% YoY) as subscriber base stabilized and Pandora advertising grew 5%.
Biggest Revenue Drivers
SiriusXM Subscriber revenue$1,508M+1% YoY
Rate increases on self-pay plans, partially offset by subscriber decline
Pandora and Off-platform Advertising revenue$413M+5% YoY
Podcast revenue and higher programmatic demand, offset by reduced streaming music advertiser demand
Biggest Revenue Drivers
Total revenue: $2,160M+1% YoY
SiriusXM Subscriber revenue$1,508M+1% YoY
Rate increases on self-pay plans, partially offset by subscriber decline
Pandora and Off-platform Advertising revenue$413M+5% YoY
Podcast revenue and higher programmatic demand, offset by reduced streaming music advertiser demand
SiriusXM Advertising revenue$41M+8% YoY
Higher advertising demand for sports programming, partially offset by lower news demand
Pandora and Off-platform Subscriber revenue$130MFlat YoY
Decline in subscriber base offset by pricing adjustments
SiriusXM Equipment revenue$36M-22% YoY
Higher memory costs associated with hardware
Largest Expense Items
Revenue share and royalties$722MFlat YoY
Lower revenue share with content providers and automakers, offset by higher webcasting royalties
Depreciation and amortization$165M+36% YoY
Change in estimated useful life of Sirius FM-6 satellite and additional assets placed in service
Subscriber acquisition costs$109M+2% YoY
Increased production from automakers with higher subsidy rates
Sales and marketing$188M+2% YoY
Higher personnel-related costs and sales commissions, partially offset by higher marketing spend
Watch Items from the Filing
SiriusXM self-pay subscribers declined 20k YoY to 31.3M despite 72k net additions YoY, indicating churn remains a structural headwind despite improved retention initiatives.
Pandora monthly active users declined 7% YoY to 39.8M; ad-supported listener hours fell 9% YoY, driven by churn and lower new user acquisition.
Subscriber acquisition costs per installation rose 18% to $21.32 due to higher automaker subsidy rates, memory costs, and chipset migration; company expects further increases.
Equipment revenue declined 22% YoY; company expects continued decline due to elevated memory costs; higher SAC and lower equipment revenue could pressure near-term profitability.
Litigation exposure includes New York ROSCA cancellation practice case (appeal to Court of Appeals pending), mass royalty fee arbitrations mostly settled, and MLC underpayment case in discovery phase.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
6 transactions in SIRI reported by 2 members of Congress under the STOCK Act, most recent trade Feb 5, 2026. Reported transactions, not recommendations.
About SIRIUS XM HOLDINGS INC. (SIRI): stock profile, AI score and financials
SIRIUS XM HOLDINGS INC. (SIRI) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores SIRI at 59.4/100 on a composite quality score built from its SEC filings, placing it at rank #935 of 2,925 stocks — the top half of the AI-ranked universe. SIRI scores in the top quartile across institutional flow (90.5), revenue scale (84.6). Areas of concern include revenue growth (20.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 38.5/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), SIRIUS XM HOLDINGS INC. reports quarterly revenue of $2.2B, net income of $239.0M, an operating margin of 21.9%. SIRI trades on the Nasdaq exchange and files with the SEC under CIK 908937. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SIRI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for SIRIUS XM HOLDINGS INC. directly from SEC EDGAR.