SiriusXM has unveiled its second-quarter financial results, and the company reported a slight downturn in overall revenue.
During April, May, and June, the company secured $2.14 billion in revenue, a 2% decrease compared to the same time frame in 2024.
Net income for the quarter was $205 million. Earnings per diluted common share were 57 cents, compared to 74 cents in 2024’s second quarter.
The company finished the quarter with an EBITDA of $668 million, with the adjusted EBITDA margin for the quarter resting at 31%. Overall, the company had free cash flow of $402 million during the quarter.
“Our renewed strategic focus continued to deliver this quarter,” said SiriusXM CEO Jennifer Witz. “We achieved meaningful year-over-year subscriber improvements, signed exciting new content agreements,
accelerated momentum in podcasting, and unlocked significant cost efficiencies.
“We’re seeing deeper engagement from our most loyal listeners, early traction from sustained strength across key performance metrics and operational improvements,” Witz continued. “We’re becoming a more focused, more flexible company—centered on delivering real and increasing value to our listeners and driving long-term growth for our business.”
SiriusXM pointed to “disciplined cost management” as the biggest reason why the revenue declines were partially offset.
“Our second-quarter results demonstrate the balance we’re achieving between disciplined cost control and strategic investment,” said Chief Financial Officer Tom Barry, Chief Financial Officer. “We maintained a healthy EBITDA margin, generated strong free cash flow, and delivered significant cost savings—all while reallocating capital to areas with the greatest potential impact.
“These efforts are already contributing to improved subscriber trends, enhancing our performance and reinforcing our ability to navigate external headwinds. In addition, we returned $137 million to shareholders during the quarter, including $92 million in dividends and $45 million in share repurchases,” Barry added. “As we look ahead, we remain confident in our strategy and are on track to meet our full-year guidance.”
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