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Ad Growth For Sirius XM Can’t Stop Steep Stock Selloff
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Radio & Television Business Report
Advertising revenue continues to present SiriusXM with a key profit driver, and in the second quarter of 2026 these dollars rose by 5.1% from last year.
Net income improved to $239 million ($0.70 per diluted share), from $205 million ($0.57).
With respect to guidance, SiriusXM increased its full-year 2026 guidance and now anticipates revenue of approximately $8.525 billion.
But, as Wieser points out, that indicates roughly flat revenue year-over-year as it elevated its previous guidance of $8.5 billion.
These results reflect disciplined execution and give us the confidence to raise our full-year guidance for revenue, Adjusted EBITDA, and free cash flow.