SiriusXM raised its 2026 guidance after second quarter results showed a return to self-pay subscriber growth.

Sirius XM Holdings reported second quarter revenue of $2.16 billion, a 1% increase year-over-year that slightly beat analyst estimates. However, diluted earnings per share of $0.70 missed expectations of $0.78.

Key Highlights

• The company achieved positive self-pay net subscriber additions of 22,000, marking the first quarterly gain in four years and a significant improvement from the prior year.
• Self-pay monthly churn improved to a record-low 1.4%, reflecting better retention and benefits from its continuous service initiative.
• Free cash flow increased 48% year-over-year to $593 million, driven by higher Adjusted EBITDA and favorable timing of payments.
• The company raised its full-year 2026 guidance for revenue, adjusted EBITDA, and free cash flow by $25 million each, now expecting revenue of approximately $8.525 billion.