Sirius XM Holdings Inc. (SIRI) stock — is it a good business?

Sirius XM Holdings Inc. (SIRI) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Sirius XM's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$2.15B
-0.3% y/y
-0.3% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.78
-7.1% y/y
+11% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$479M
-2.8% y/y
+1.5% q/q
Guided
—
No guide given

Company outlook

Full year 2026

Revenue$8.55B-0.1% y/y Raised +0.3%

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

How it makes money

Subscriptions and circulation77%
Advertising20%
Radio equipment2%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

What it sells6

SiriusXM subscription service
Paid music, sports, news, talk and entertainment channels delivered by satellite and through apps, including access in cars.
Pandora
A music service with free, ad-supported personalized stations and paid options for ad-free listening or choosing songs and albums on demand.
SiriusXM Podcast Network
A network that distributes podcasts and sells advertising around podcasts made by the company and outside creators.

Show 3 more

AdsWizz
Software and services that help audio publishers place, sell and measure advertisements in digital audio.
Simplecast
Tools for podcast creators to host, distribute and measure their shows and sell advertising.
Connected vehicle services
Vehicle features such as emergency assistance, vehicle location, remote diagnostics and maintenance information, provided with automakers.

Who buys it6

Drivers and other listeners buy SiriusXM subscriptions, usually on monthly or annual plans; many first receive a trial with a new or used vehicle.
Pandora listeners use its free ad-supported service or pay for ad-free radio and on-demand music subscriptions.
Advertisers buy audio, display and video advertising aimed at listeners across SiriusXM, Pandora and podcast networks.

Show 3 more

Automakers arrange to include SiriusXM radios, in-car listening features and connected vehicle services in their vehicles.
Businesses such as offices and restaurants pay for licensed commercial music services.
Podcast creators and audio publishers use podcast hosting, distribution, analytics and advertising services.

What it stands on, and what could break it

What the business leans on

1SiriusXM depends on functioning satellites, ground facilities and radio spectrum licenses to deliver its satellite service.
2Car sales and automaker agreements help place radios in vehicles and introduce drivers to SiriusXM through trial subscriptions.
3The company must obtain music rights from songwriters, publishers, record labels and other copyright holders, and pay royalties under licenses or statutory rates.
4Pandora and the advertising business depend on advertisers’ willingness to spend and on mobile operating systems, browsers and connected devices for access to listeners.

What could go wrong

1Listeners can cancel subscriptions or choose free radio and competing streaming services; the company has reported losses of SiriusXM subscribers and Pandora monthly active users.
2The business depends in part on the auto industry and automaker arrangements, while carmakers’ built-in systems can make competing phone-based audio services easier to use.
3A satellite failure or harmful wireless interference could interrupt SiriusXM service; replacing and operating the satellite system also depends on regulatory permissions.

Full financial statements →

About Sirius XM Holdings Inc.

SiriusXM provides paid audio service through satellites and apps, with programming such as music, live sports, news and talk. Pandora offers free, advertising-supported listening and paid subscriptions for ad-free radio or on-demand music. The company also sells audio advertising, distributes podcasts, and provides vehicle safety and information services to automakers.

Head office: New York City, New York, United States
Employees: 5,119 (December 31, 2025, high)
Listed on: Nasdaq
Financial year ends: December 31

Built from Sirius XM Holdings Inc.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Sirius XM's results release of October 29, 2026; its quarterly report has since been filed.

Revenue
Actual
$2.15B
-0.3% y/y
-0.3% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$0.78
-7.1% y/y
+11% q/q
Guided
—
No guide given
Operating income, GAAP
Actual
$479M
-2.8% y/y
+1.5% q/q
Guided
—
No guide given

Company outlook

Full year 2026

Revenue$8.55B-0.1% y/y Raised +0.3%

Keep exploring

The themes Sirius XM is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Entertainment

Graded A or B and worth $2B or more: A first, then the largest.

Grade rose recently in Communication Services

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

How it makes money

Subscriptions and circulation77%
Advertising20%
Radio equipment2%

Shares of revenue are estimates for quarter ended March 31, 2026, not figures from a filing.

Competes with

What it sells6

SiriusXM subscription service
Paid music, sports, news, talk and entertainment channels delivered by satellite and through apps, including access in cars.
Pandora
A music service with free, ad-supported personalized stations and paid options for ad-free listening or choosing songs and albums on demand.
SiriusXM Podcast Network
A network that distributes podcasts and sells advertising around podcasts made by the company and outside creators.

Show 3 more

AdsWizz
Software and services that help audio publishers place, sell and measure advertisements in digital audio.
Simplecast
Tools for podcast creators to host, distribute and measure their shows and sell advertising.
Connected vehicle services
Vehicle features such as emergency assistance, vehicle location, remote diagnostics and maintenance information, provided with automakers.

Who buys it6

Drivers and other listeners buy SiriusXM subscriptions, usually on monthly or annual plans; many first receive a trial with a new or used vehicle.
Pandora listeners use its free ad-supported service or pay for ad-free radio and on-demand music subscriptions.
Advertisers buy audio, display and video advertising aimed at listeners across SiriusXM, Pandora and podcast networks.

Show 3 more

Automakers arrange to include SiriusXM radios, in-car listening features and connected vehicle services in their vehicles.
Businesses such as offices and restaurants pay for licensed commercial music services.
Podcast creators and audio publishers use podcast hosting, distribution, analytics and advertising services.

What it stands on, and what could break it

What the business leans on

1SiriusXM depends on functioning satellites, ground facilities and radio spectrum licenses to deliver its satellite service.
2Car sales and automaker agreements help place radios in vehicles and introduce drivers to SiriusXM through trial subscriptions.
3The company must obtain music rights from songwriters, publishers, record labels and other copyright holders, and pay royalties under licenses or statutory rates.
4Pandora and the advertising business depend on advertisers’ willingness to spend and on mobile operating systems, browsers and connected devices for access to listeners.

What could go wrong

1Listeners can cancel subscriptions or choose free radio and competing streaming services; the company has reported losses of SiriusXM subscribers and Pandora monthly active users.
2The business depends in part on the auto industry and automaker arrangements, while carmakers’ built-in systems can make competing phone-based audio services easier to use.
3A satellite failure or harmful wireless interference could interrupt SiriusXM service; replacing and operating the satellite system also depends on regulatory permissions.

Full financial statements →

About Sirius XM Holdings Inc.

Head office: New York City, New York, United States
Employees: 5,119 (December 31, 2025, high)
Listed on: Nasdaq
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Sirius XM Holdings Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Entertainment

Grade rose recently in Communication Services

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Sirius XM Holdings Inc.

Keep exploring

The theme it is part of

Highest-graded in Entertainment

Grade rose recently in Communication Services

Sirius XM Holdings Inc.

Streaming & entertainment

Growth & cash — 4 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Sirius XM Holdings Inc.

Q3 2026 results

Revenue

EPS, GAAP

Operating income, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Entertainment

Grade rose recently in Communication Services

How it makes money

Competes with

What it sells6

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Sirius XM Holdings Inc.

Keep exploring

The theme it is part of

Highest-graded in Entertainment

Grade rose recently in Communication Services

Sirius XM Holdings Inc.

Past performance

Streaming & entertainment

Growth & cash — 4 of 5

Business trend

Share price and grade over time