SiriusXM Q3 Revenue Edges Down, Subscriber Count Holds Steady at 33 Million

SiriusXM reported third-quarter revenue of $2.153 billion, just down from $2.16 billion in the prior year period, and net income of $317 million, up 7 percent from net income of $297 million a year-ago.

Also Thursday, the satellite radio company posted adjusted EBITIDA rising 3 percent to $694 million, due to reduced expenses and programming costs. SiriusXM added 5,000 paid subscribers in the third quarter to hold steady at 33 million total subscribers, with a monthly churn of 1.5 percent as the satellite cable company focuses on shoring up its subscriber base.

That compares with 45,000 subscribers added in the same period of 2025, and a churn rate of 1.6 percent. On the revenue side, subscriber revenue was steady at $1.63 billion, against a year-earlier $1.629 billion, while advertising revenue came to $456 million, virtually unchanged from $455 million in the same period of 2025.

“Our third quarter performance reflects the progress we’re making in building a stronger, more durable SiriusXM,” Jennifer Witz, CEO of SiriusXM HM Holdings, said in a statement. “We’re stabilizing our subscriber base, deepening engagement through differentiated content and experiences, and expanding the reach and capabilities of our advertising platform.”

On the content side, SiriusXM has signed a new multiyear deal with Howard Stern, extended its agreement with Andy Cohen, renewed its agreement with Megyn Kelly and Stephen A. Smith debuted on the platform.

SiriusXM has struck deals with a slew of podcasters and hosts in recent years as it has sought to diversify its roster of talent. SiriusXM said its third quarter average listening time rose 5 percent year—over-year to reflect new content discovery and deeper engagement with favorite stations.