Sirius Xm Holdings ( (SIRI) ) has released its Q2 earnings. Here is a breakdown of the information Sirius Xm Holdings presented to its investors.
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Sirius XM Holdings Inc. is a leading audio entertainment company in North America, offering a diverse range of content through its subscription service SiriusXM, ad-supported and premium music streaming services of Pandora, and an expansive podcast network. The company serves approximately 160 million listeners monthly with a mix of live, on-demand, and curated programming across various genres.
In its second quarter of 2025, SiriusXM reported a revenue of $2.14 billion, marking a 2% decrease from the same period in 2024. The company achieved a net income of $205 million with diluted earnings per share of $0.57. Despite the revenue decline, SiriusXM maintained a strong adjusted EBITDA of $668 million and generated $402 million in free cash flow.
Key financial metrics for the quarter included a slight decrease in SiriusXM’s total subscribers to 33 million, with self-pay subscribers decreasing by 68,000. The company’s revenue from SiriusXM was $1.6 billion, while Pandora and Off-Platform revenue totaled $524 million. Notably, podcast revenue saw a significant increase of nearly 50% year-over-year.
SiriusXM’s strategic initiatives included signing new content agreements and expanding its podcast offerings, contributing to improved subscriber trends. The company also focused on cost efficiencies and returned $137 million to shareholders through dividends and share repurchases.
Looking ahead, SiriusXM remains confident in its strategic direction and is on track to meet its full-year 2025 guidance, with expectations of approximately $8.5 billion in total revenue, $2.6 billion in adjusted EBITDA, and $1.15 billion in free cash flow.