SIRI Sirius XM Holdings (SIRI) Q2 FY26 earnings call
SiriusXM delivered a strong second quarter, marked by a return to positive self-pay net additions, record-low churn, and significant free cash flow growth. The company raised its full-year guidance for revenue, adjusted EBITDA, and free cash flow, reflecting confidence in its strategy of strengthening its subscription business, accelerating advertising growth, and leveraging scale for efficiency, despite anticipated headwinds from higher memory costs and moderated subscriber acquisition.
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SIRI operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Paid subscriber net additions Self-pay | -111KStarting with our subscription business, performance in the quarter was strong with a meaningful year-over-year improvement in self-pay net additions to negative 111,000, an improvement of 192,000.Source: earnings call transcript | 22KWe delivered our strongest second quarter subscriber performance in 4 years, with self-pay net additions of 22,000.Source: earnings call transcript | — |
| Average revenue per user (ARPU) SiriusXM | $14.99SiriusXM generated $1.6 billion in first quarter revenue, with subscriber revenue up 1% to $1.5 billion, supported by ARPU increasing 1% to $14.99.Source: earnings call transcript | $15.32SiriusXM subscriber revenue increased 1% to $1.5 billion, reflecting a 1% increase in ARPU to $15.32 following our February pricing actions.Source: earnings call transcript | +2.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.