SiriusXM boosts first quarter 2026 profit 20% and slows subscriber losses while reaffirming full-year guidance.

Sirius XM reported first quarter 2026 revenue of $2.09 billion, up 1% year-over-year, and net income of $245 million, a 20% increase from the prior year. Diluted EPS grew 22% to $0.72. The company reaffirmed its full-year 2026 guidance for revenue, adjusted EBITDA, and free cash flow.

Key Highlights

• The rate of self-pay subscriber losses improved significantly, with net additions of (111,000) compared to a loss of (303,000) in the prior-year period.
• Self-pay monthly churn improved to a first-quarter record low of 1.5%, driven by lower vehicle-related and non-pay churn.
• Adjusted EBITDA grew 6% to $666 million and free cash flow more than tripled year-over-year to $171 million, driven by cost discipline and lower capital expenditures.
• The Pandora and Off-Platform segment revenue grew 3% to $501 million, led by a 5% increase in advertising revenue.