Sirius XM Holdings reported a Q2 net income of $205mln, down from $304mln last year, and revenue of $2.138bln, a 1.8% decrease from $2.178bln last year. The company's EPS was $0.57, down from $0.74 last year. Sirius XM Holdings also provided full-year revenue guidance of $8.5bln.
Sirius XM Holdings Inc. (SIRI) reported its second-quarter earnings on July 2, 2025, with net income of $205 million, down from $304 million in the same period last year. The company's revenue for the period fell 1.8% to $2.138 billion from $2.178 billion last year [1]. The earnings per share (EPS) were $0.57, down from $0.74 last year [2].
The company's guidance for the full year 2025 includes total revenue of approximately $8.5 billion, adjusted EBITDA of approximately $2.6 billion, and free cash flow of approximately $1.15 billion. Despite the decrease in earnings and revenue, Sirius XM Holdings ended the quarter with approximately 33 million total subscribers, an increase from the same period last year. The total trial funnel grew to 7.6 million as of quarter-end, up from 7.4 million as of the end of the first quarter of 2025 and the second quarter of 2024 [2].
The company'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. This improvement is attributed to meaningful enhancements in new acquisition programs and continued low churn. The self-pay monthly churn rate was 1.5% in the second quarter of 2025, driven by strong performance across cancel demand, non-pay, and vehicle-related deactivations [2].
Sirius XM Holdings continues to navigate challenges in the industry, but its strong subscriber base and growth in the trial funnel position it for potential future growth. Investors and financial professionals should closely monitor the company's performance and guidance as it progresses through the year.
References:
[1] https://www.nasdaq.com/articles/sirius-xm-holdings-inc-reveals-fall-q2-bottom-line
[2] https://seekingalpha.com/news/4475402-sirius-xm-holdings-inc-gaap-eps-of-0_57-misses-by-0_20-revenue-of-2_14b-beats-by-10m
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