Sirius XM Maintains FY25 Revenue Guidance at $8.5B

Sirius XM reaffirmed its FY25 guidance for revenue, adjusted EBITDA, and free cash flow. The company expects total revenue of approximately $8.5B, adjusted EBITDA of approximately $2.6B, and free cash flow of approximately $1.15B.

Sirius XM Holdings Inc. (SIRI) reaffirmed its full-year 2025 financial guidance on July 2, 2025, following the release of its second-quarter earnings report. The company expects total revenue of approximately $8.5 billion, adjusted EBITDA of approximately $2.6 billion, and free cash flow of approximately $1.15 billion for the fiscal year ending December 31, 2025.

In its Q2 2025 financial results, SiriusXM reported revenue of $2.14 billion, a decrease of 2% year-over-year, and net income of $205 million. The company also reported a diluted earnings per share (EPS) of $0.57, which missed the analyst consensus estimate of $0.74. Adjusted EBITDA for the quarter was $668 million, and free cash flow was $402 million, up 27% year-over-year [1].

The company's CEO, Jennifer Witz, highlighted the company's progress in subscriber growth, new content partnerships, and accelerating gains in the podcasting sector. She noted that operational improvements and cost efficiencies have driven deeper listener engagement, strengthening the company's position for long-term growth [1].

SiriusXM's self-pay subscribers decreased by approximately 68,000 in the second quarter of 2025, an improvement of 32,000 compared to the same period last year. The company's total subscriber base stood at 33 million as of June 30, 2025. The self-pay monthly churn remained steady at 1.5% for the quarter [1].

The Pandora segment of SiriusXM reported a decline in advertising revenue of 1.5% year-over-year to $394 million for the quarter. The segment's gross margin declined by 400 basis points year-over-year to 29%, and gross profit decreased by 14.4% year-over-year [1].

Despite the mixed earnings report, SiriusXM's stock has declined by nearly 7% year-to-date, underperforming the broader S&P 500 Index, which gained over 8% during the same period. The company's stock is currently trading at $21.33, down 7% from its year-to-date high [2].

SiriusXM continues to focus on operational efficiency, subscriber engagement, and strategic content investments to drive long-term growth. The company's full-year 2025 guidance reaffirms its commitment to these areas and its ability to navigate the evolving audio entertainment landscape.

References:

[1] https://www.benzinga.com/markets/earnings/25/07/46765131/siriusxm-stock-sinks-q2-miss-subscriber-losses-weak-ad-sales-weigh-results
[2] https://www.marketscreener.com/news/sirius-xm-holdings-inc-reports-earnings-results-for-the-second-quarter-and-six-months-ended-june-30-ce7c5fddd18cf12d