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Sirius XM (SIRI) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended June 2026, Sirius XM (SIRI - Free Report) reported revenue of $2.16 billion, up 1% over the same period last year. EPS came in at $0.70, compared to $0.57 in the year-ago quarter.

The reported revenue represents a surprise of +0.91% over the Zacks Consensus Estimate of $2.14 billion. With the consensus EPS estimate being $0.78, the EPS surprise was -10.26%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Sirius XM performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Subscribers - Sirius XM - Self-pay subscribers: 31,255 versus 31,135 estimated by three analysts on average.
  • Subscribers - Sirius XM - Ending subscribers: 32,869 compared to the 32,736 average estimate based on three analysts.
  • Subscribers - Net additions - Sirius XM - Self-pay subscribers: 22 versus the three-analyst average estimate of -99.
  • ARPU - Sirius XM: $15.32 compared to the $15.23 average estimate based on two analysts.
  • Revenue- Advertising revenue: $454 million compared to the $438.92 million average estimate based on three analysts. The reported number represents a change of +5.1% year over year.
  • Revenue- Equipment revenue: $36 million versus $46.06 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.
  • Revenue- Other revenue: $32 million versus the three-analyst average estimate of $29.67 million. The reported number represents a year-over-year change of +3.2%.
  • Revenue- Pandora and Off-platform- Advertising revenue: $413 million versus the three-analyst average estimate of $402.21 million. The reported number represents a year-over-year change of +4.8%.
  • Revenue- Sirius XM- Subscriber revenue: $1.51 billion compared to the $1.5 billion average estimate based on three analysts. The reported number represents a change of +0.6% year over year.
  • Revenue- Subscriber revenue: $1.64 billion compared to the $1.63 billion average estimate based on three analysts. The reported number represents a change of +0.6% year over year.
  • Revenue- Pandora and Off-platform- Subscriber revenue: $130 million versus the three-analyst average estimate of $129.9 million. The reported number represents a year-over-year change of 0%.
  • Revenue- Sirius XM- Equipment revenue: $36 million versus $45.09 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.

View all Key Company Metrics for Sirius XM here>>>

Shares of Sirius XM have returned +8.8% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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