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Sirius Xm Holdings (DE:3HY)
NASDAQ:3HY
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.6Last Year’s EPS
0.5Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated solid execution: revenue modestly ahead of guidance, meaningful free cash flow growth, sustained margins, substantial podcasting and programmatic ad momentum, and cost savings that exceeded targets — all bolstering a clear path to the company's 2027 FCF target and deleveraging goal. However, there are notable headwinds: subscription revenue declined 2%, full-year ARPU edged down, streaming music ad weakness and sizeable non-cash impairment/restructuring charges created reported volatility, and management expects modestly lower self-pay net adds in 2026. On balance, the positive cash flow, profitable operational improvements, and strong advertising/podcast growth outweigh the challenges, supporting an overall constructive view.Company Guidance
Strong full-year financials
Revenue of $8.56B for FY2025 (modestly ahead of raised guidance); adjusted EBITDA of $2.67B (31% margin); net income of $805M vs. loss of $2.1B prior year; EPS $2.23 vs. -$6.14 prior year; full-year free cash flow $1.26B (finished >$100M ahead of original guidance).
Quarterly momentum and record Q4 free cash flow
Q4 revenue $2.19B largely flat YoY; Q4 adjusted EBITDA $691M (vs. $688M prior year); Q4 free cash flow a record $541M, up 5% YoY.
Subscription business resilience and subscriber metrics
Self-pay net adds in Q4 of +110,000 (companion subscriptions contributed ~80,000); full-year churn improved to 1.5% (from 1.6%); Q4 ARPU $15.17 (up $0.06 QoQ) and focus on pricing/packaging flexibility (e.g., $9.99 music-only, $7 ad-supported plans).
Podcasting and advertising outperformance
Podcast ad revenue grew 41% in 2025; podcast programmatic demand up >92% vs. Q4 2024; Pandora/off-platform ad revenue showing momentum with overall advertising revenue $1.77B (roughly flat YoY) and Q4 ad revenue up 3% YoY to $491M; video & social revenue grew ~4x YoY.
Product & in‑car progress (360L and partnerships)
360L penetration in >50% of new Sirius-enabled vehicle sales and increasing share of self-pay subs and enabled fleet; launched automotive Pandora app with select partners (including GM); next-gen 360L in all new Volvos, standard on enabled Audis, debuting in 2026 Toyota RAV4 — improving observability and personalization.
Operational efficiency and cost savings
Delivered $250M incremental gross cost savings in 2025, exceeding the $200M in-year target; sales & marketing expense down 16% YoY; product & technology spending down 9% YoY; company guiding to an additional $100M gross cost savings in 2026 for a cumulative $350M run rate.
Balance sheet and capital returns progress
Returned $501M to shareholders in 2025 (dividends $365M, buybacks $136M); reduced total debt by $669M during the year including ~$371M in Q4; net debt / adjusted EBITDA ~3.6x and on track toward low-to-mid 3x target.
Content and talent commitments
Signed a new three-year agreement with Howard Stern; expanded programming with high-performing channels (e.g., Metallica, Unwell with Alex Cooper) and new political/presenter additions (Megyn Kelly full-time channel, Chris Cuomo daily show) — Howard earned media up 32% YoY.
DE:3HY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:3HY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | €16.98 | €18.41 | +8.43% |
Oct 30, 2025 | €17.78 | €17.49 | -1.64% |
Jul 31, 2025 | €18.99 | €17.98 | -5.32% |
May 01, 2025 | €17.94 | €17.94 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Sirius Xm Holdings (DE:3HY) report earnings?
Sirius Xm Holdings (DE:3HY) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is Sirius Xm Holdings (DE:3HY) earnings time?
Sirius Xm Holdings (DE:3HY) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Sirius Xm Holdings stock?
The P/E ratio of Sirius XM Holdings is N/A.
What is DE:3HY EPS forecast?
DE:3HY EPS forecast for the fiscal quarter 2026 (Q1) is 0.6.
