Earnings Releases·Oct 29, 2026, 7:54 AM ET

Sirius XM Holdings — Third Quarter 2026 Earnings Summary

Consolidated revenue was $2.15 billion (down slightly from $2.159 billion YoY), while net income rose 7% to $317 million; Adjusted EBITDA grew 3% to $694 million with a 32% margin, and free cash flow advanced 14% to $293 million.
The company raised full-year 2026 guidance by $25 million for revenue, Adjusted EBITDA, and free cash flow, projecting total revenue of $8.55 billion, Adjusted EBITDA of $2.65 billion, and free cash flow of $1.40 billion.
Management expects to meaningfully accelerate share repurchases in 2027 driven by an efficient operating model and declining satellite capital expenditures, following a long-term leverage target achievement.
Total subscribers reached 33 million with self-pay net additions of 5,000 (an improvement of 45,000 from the prior year), while the company returned $124 million to shareholders via $91 million in dividends and $33 million in share repurchases.
Long-term debt decreased to $8.066 billion from $8.648 billion at the end of 2025, and the net debt-to-adjusted EBITDA ratio stood at 3.3x at quarter-end.