NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) ("SiriusXM") announced today that its subsidiary, Sirius XM Radio LLC, (the "Issuer") priced an offering of $1,250,000,000 of 5.875% Senior Notes due 2032 (the "Notes"). This represents an increase of $250,000,000 in aggregate principal amount in the offering size of the Notes. The sale of the Notes is expected to be consummated on or about March 4, 2026, subject to customary closing conditions. The Notes are to be sold to perso ...

Core Viewpoint - Sirius XM Holdings Inc. plans to offer $1 billion of Senior Notes due 2032 to qualified institutional buyers and non-U.S. persons, with proceeds aimed at purchasing or redeeming existing 3.125% Senior Notes due 2026 [1][2] Group 1: Offering Details - The offering is subject to market conditions and will be made under Rule 144A and Regulation S of the Securities Act of 1933 [1] - The net proceeds will be used to purchase any validly tendered 3.125% Senior Notes and to redeem any remaining notes not purchased [1] - As of December 31, 2025, there were $1 billion of 3.125% Notes outstanding, which are redeemable at 100% of the principal amount plus accrued interest [1] Group 2: Company Overview - SiriusXM is a leading audio entertainment company in North America, offering a range of services including subscription entertainment, ad-supported streaming, and podcasts [1] - The company reaches approximately 170 million listeners monthly, providing diverse content across music, talk, news, and sports [1] Group 3: Forward-Looking Statements - The announcement includes forward-looking statements regarding the terms and timing of the offering and the intended use of proceeds, which are subject to uncertainties [2] - Factors that could affect actual results include competition, subscriber retention, advertising revenue, and compliance with regulations [2]

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SIRIUSXM ANNOUNCES CASH TENDER OFFER FOR ANY AND ALL OUTSTANDING 3.125% SENIOR NOTES DUE 2026 [Accessibility Statement] Skip NavigationNEW YORK, Feb. 26, 2026 /PRNewswire/ -- Sirius XM Holdings Inc. (NASDAQ: SIRI) ("SiriusXM") announced today that its subsidiary, Sirius XM Radio LLC (the "Offeror"), has commenced a cash tender offer (the "Offer") to purchase any and all of the Offeror's outstanding 3.125% Senior Notes due 2026 (the "Notes"). The Offer is made pursuant to an Offer to Purchase and a related N ...

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NEW YORK, Feb. 23, 2026 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that Jennifer Witz, Chief Executive Officer will present on March 3, 2025, at 8:30 a.m. PT at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, CA. A webcast of the presentation will be available in the Investor Relations section of the SiriusXM website at https://investor.siriusxm.com. About Sirius XM Holdings Inc.SiriusXM is the leading audio entertainment company in North America with a portfolio of ...

Core Viewpoint - Sirius XM presents a compelling opportunity for income-seeking investors, especially given its high dividend yield compared to 10-year Treasuries [3][4]. Financial Performance - Sirius XM paid out $365 million in dividends in 2025 and generated $1.26 billion in free cash flow (FCF) last year, with expectations to reach $1.35 billion in 2026 [4]. - The company reduced total debt by $669 million during the year, including nearly $371 million in the fourth quarter [4]. Dividend Safety - The dividend is currently considered safe, with a commitment to returning capital to shareholders [5]. - The stock offers a dividend yield of 5.17%, translating to $517 in annual passive income on a $10,000 investment [3]. Market Position - Sirius XM has a market capitalization of $7.1 billion and generates 76% of its revenue from subscriptions, providing stability to its business model [7]. - The stock price is currently trading 97% below its peak, indicating potential for income-focused investors [1]. Challenges - The self-pay subscriber base declined by 301,000 in 2025, indicating a long-term cycle of decline attributed to technological advancements and increased competition from streaming platforms [8][9]. - Investors seeking capital gains may want to avoid this stock due to the challenges in expanding the user base and top line [8][9].

Company Overview - SiriusXM Holdings Inc. reported a total revenue of $8.56 billion and a net income of $805 million for the trailing twelve months (TTM) [3] - The company offers a dividend yield of 5.02% and its stock price was $21.70 as of market close on February 12, 2026 [3] Business Model and Strategy - SiriusXM operates a subscription-based model, generating primary revenue from subscription fees for satellite radio, streaming audio, podcasts, and connected vehicle services [8] - The company maintains a strong competitive position through a vertically integrated content and distribution strategy, leveraging exclusive programming and broad automotive partnerships [5] - SiriusXM focuses on recurring subscription revenue and a diversified content portfolio to meet evolving consumer preferences in the U.S. audio entertainment market [5] Recent Developments - Chou Associates Management Inc. reduced its holding in SiriusXM by 292,873 shares, valued at approximately $6.30 million, during the fourth quarter of 2025 [1] - Following the sale, Chou Associates held 409,589 shares valued at $8.19 million, with the overall position's value dropping by $8.16 million [1] - As of December 31, 2025, Chou Associates' stake in SiriusXM represented 4.06% of its 13F assets under management (AUM) [2] Market Performance - SiriusXM shares were priced at $21.70 as of February 12, 2026, reflecting an 11.6% decline over the past year, underperforming the S&P 500 by 24.47 percentage points [2] - The fund reported a total of 28 positions and $201.55 million in reportable U.S. equity holdings at the end of the quarter [2] Investment Considerations - Chou Associates may have a portfolio management strategy in mind with the stock sale, as it still holds a significant amount of SiriusXM shares [9] - Berkshire Hathaway, which holds a substantial position in SiriusXM valued at nearly $3 billion (approximately 35% ownership), may influence Chou Associates' overall ownership strategy [10]

Group 1 - Sirius XM Holdings Inc. is considered one of the most undervalued mid-cap stocks currently available for investment [1] - JPMorgan upgraded Sirius XM to Neutral from Underweight, raising the price target to $24 from $20 following better-than-expected Q4 2025 results and improving subscriber trends [1] - Seaport Research downgraded Sirius XM to Neutral from Buy and removed its price target, citing stable revenue and EBITDA guidance for 2026 compared to 2025, but lowered its own estimates [2][3] Group 2 - The reduction in estimates reflects expectations for moderately worse self-pay net losses in 2026 and slower ARPU growth, with cost savings being redeployed into new initiatives rather than enhancing profitability [3] - Sirius XM operates as an audio entertainment company in North America, with two segments: Sirius XM and Pandora, along with Off-platform services [3]

Core Insights - Sirius XM Holdings (SIRI) reported Q4 2025 earnings of 84 cents per share, exceeding the Zacks Consensus Estimate of 77 cents per share, and up from 83 cents per share in the same quarter last year [1] - Total revenues for the quarter were $2.19 billion, slightly surpassing the Zacks Consensus Estimate by 0.82%, consistent with year-ago revenues of $2.19 billion [1] Revenue Breakdown - Subscriber revenues, accounting for 74.2% of total revenues, declined 0.43% year over year to $1.63 billion, but exceeded the Zacks Consensus Estimate by 0.13% [2] - Advertisement revenues, making up 22.4% of total revenues, increased 2.9% year over year to $491 million, surpassing the Zacks Consensus Estimate by 3.79% [2] - Equipment revenues, representing 2.2% of total revenues, rose 14% year over year to $48 million, beating the Zacks Consensus Estimate by 13.32% [2] - Other revenues, which constitute 1.3% of total revenues, decreased 22% year over year to $28 million, missing the Zacks Consensus Estimate by 21.43% [3] Segment Performance - Sirius XM's Standalone segment revenues (73.5% of total revenues) were $1.61 billion, down 1% year over year [4] - Subscriber revenues in the Standalone segment decreased 0.3% year over year to $1.49 billion, influenced by rate increases on certain self-pay plans, partially offset by an increase in promotional plan subscribers [4] - The total subscriber base declined 1% year over year to 32.93 million [4] - Advertising revenues in the Standalone segment were $41 million, down 5% year over year [4] Subscriber Metrics - Self-pay subscribers decreased 1% year over year to 31.35 million, with net additions of 110,000 in the reported quarter compared to 149,000 in the previous year [5] - Average revenue per user increased to $15.17 from $15.11 year over year [5] - Self-pay monthly churn improved to 1.4% from 1.5% in the year-ago period [5] Pandora & Off-Platform Performance - Pandora and Off-Platform revenues (26.6% of total revenues) increased 2% year over year to $582 million, driven by a 4% rise in advertising revenues to $450 million [6] - Subscriber revenues for Pandora decreased by 1% year over year to $132 million [6] - Self-pay subscribers for Pandora Plus and Pandora Premium services totaled 5.6 million at the end of the quarter [6] Operating and Financial Details - Total operating expenses increased 17% year over year to $1.97 billion, primarily due to impairment and restructuring costs of $272 million compared to $12 million in the prior year [10] - Adjusted EBITDA increased 0.43% year over year to $691 million, with a margin of 32% compared to 31% in the prior year [10] - Cash flow from operations was $680 million, slightly up from $679 million in the year-ago quarter [11] - Free cash flow for the quarter was $541 million, a 5% increase from $516 million in the prior-year period [12] 2026 Guidance - For 2026, the company projects revenues of approximately $8.5 billion, adjusted EBITDA of approximately $2.6 billion, and free cash flow of approximately $1.35 billion [13]