SiriusXM reported mixed financial results for the third quarter of 2026, with net income rising as revenue edged lower. The company also highlighted subscriber stabilization and stronger advertising opportunities as it raised its full-year financial guidance.
What We Know: SiriusXM reported $2.15 billion in third-quarter revenue, a decline of less than 1% year over year. Net income increased 7% to $317 million, while adjusted EBITDA climbed 3% to $694 million. The company reported 33 million subscribers as it continued efforts to strengthen customer loyalty and expand its advertising business.
What The Numbers Show:
| Financial Metric | Third Quarter 2026 | Year-Over-Year Change |
|---|---|---|
| Net Revenue | $2.15 billion | 🔻 Less than 1% |
| Net Income | $317 million | 🟢 ▲ 7% |
| Adjusted EBITDA | $694 million | 🟢 ▲ 3% |
| Subscribers | 33 million | — |
What They Said: “Our third-quarter performance reflects the progress we’re making in building a stronger, more durable SiriusXM. We’re stabilizing our subscriber base, deepening engagement through differentiated content and experiences, and expanding the reach and capabilities of our advertising platform. By consistently enhancing the value of a SiriusXM subscription, we’re strengthening customer loyalty and creating more lasting relationships with listeners. At the same time, partnerships like YouTube Audio are expanding our premium advertising inventory and creating new opportunities to connect advertisers with audiences at scale. This momentum gives us the confidence to raise our full-year financial guidance and reinforces our conviction in SiriusXM’s long-term value creation.” -SiriusXM CEO Jennifer Witz
What It Means: SiriusXM’s results point to improving profitability despite slightly lower revenue. Meanwhile, its focus on subscriber retention, differentiated content, and advertising partnerships could help support future growth. The decision to raise full-year financial guidance signals confidence in the company’s financial trajectory, even as it works to strengthen its subscriber base and generate additional advertising revenue.
Barrett Media produces daily content on the music, news, and sports media industries. Sign up for our newsletters to stay updated and get the latest information right in your inbox.
