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 ...

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 is a leading provider of satellite radio and audio entertainment services in the U.S., leveraging a subscription-driven business model complemented by advertising and licensing to generate consistent revenue streams [6] Company Overview - Sirius XM reported a total revenue of $8.56 billion and a net income of $805 million for the trailing twelve months (TTM) [4] - The company has a dividend yield of 4.91% and its stock price was $22.60 as of February 5, 2026 [4] - The subscriber base stood at 31.3 million at the end of 2025, which is a decline compared to the end of 2021 [7][10] Financial Performance - The company's free cash flow increased by 37% to $1.24 billion in 2025, indicating a recovery after a dip in 2024 [10] - Approximately 29.3% of free cash flow was utilized to meet dividend obligations in 2025, suggesting sufficient cash generation to potentially reduce outstanding shares and increase dividend payouts [11] Investment Activity - CHECK Capital Management increased its stake in Sirius XM by 821,657 shares during the fourth quarter of 2025, with an estimated transaction value of $17.66 million [2] - Following this transaction, Sirius XM represented 1.68% of CHECK Capital's $3.44 billion reportable U.S. equity assets [8] - Despite the increase in stake, Sirius XM is not among CHECK Capital's top five holdings, ranking as the seventh-largest stock in their portfolio [7]

Core Thesis - Sirius XM Holdings Inc. is viewed positively due to its solid financial performance, strong subscriber engagement, and improved guidance for 2025, despite market concerns about competition from streaming services [1][2][3][6] Financial Performance - For Q3 2025, Sirius XM reported revenue of $2.16 billion, a 1% decrease year-over-year, but net income improved to $297 million with EPS of $0.84, a significant recovery from the previous year's loss [1] - Adjusted EBITDA was $676 million, reflecting a robust 31% margin supported by effective cost management [1] - The company has reduced debt by $120 million and returned $111 million to shareholders, indicating strong financial health [2] Subscriber Metrics - Subscriber engagement remains strong, with self-pay monthly churn improving to 1.6%, showcasing a loyal customer base [1][3] - The average revenue per user (ARPU) is nearly three times that of Spotify, highlighting the company's pricing power and customer value [3] Future Guidance - Sirius XM has upgraded its 2025 guidance, now targeting approximately $8.525 billion in revenue, $2.625 billion in adjusted EBITDA, and $1.225 billion in free cash flow [2] - Projections suggest free cash flow per share could reach $3.44 in 2025, yielding 15.8%, and potentially $4.32 per share by 2027, approaching a 20% yield [3] Business Stability - Approximately 75% of Sirius XM's revenue comes from stable subscription streams, indicating a more resilient business model than perceived by the market [4] - The company is seen as a high-cash-flow business with strong downside protection and ongoing debt reduction, presenting a compelling investment opportunity [5]

Core Viewpoint - Sirius XM has experienced a significant decline in shareholder value, with a total return of negative 59% over the past five years, facing challenges from technological advancements and competition from major internet companies [1] Company Challenges - Sirius XM holds a legal monopoly as the only satellite radio operator in the U.S., offering nationwide coverage and superior quality compared to terrestrial radio [2] - The competitive landscape has shifted, with the rise of internet connectivity and smartphones diminishing Sirius XM's dominance in audio entertainment [3] Competitive Landscape - Major competitors like Spotify, Apple, and Alphabet are gaining traction with mobile-first services that appeal to younger audiences, with Spotify boasting 713 million monthly active users [4] - Apple and Alphabet's control over mobile operating systems (iOS and Android) is eroding Sirius XM's in-car advantage through seamless integration with Apple CarPlay and Android Auto [5] Financial Metrics - Despite the challenges, Sirius XM's stock is considered attractive by some value investors due to its low forward price-to-earnings ratio of 6.9 and a dividend yield of approximately 5.3% [6] - The company's revenue for the third quarter was over $2.1 billion, reflecting a slight decline of less than 1% year over year, with expectations of flat revenue from 2025 to 2027 [8] Subscriber Trends - Sirius XM is experiencing a decline in subscribers, having lost self-pay subscribers in eight of the last 11 quarters, indicating a struggle to adapt to technological changes in the industry [7][9]

Core Viewpoint - SiriusXM is set to release its fourth quarter and full-year 2025 operating and financial results on February 5, 2026, followed by an investor call at 8:00 a.m. ET [1] Group 1: Financial Results Announcement - The financial results will be disclosed on February 5, 2026 [1] - An investor call will take place on the same day at 8:00 a.m. ET [1] - A live webcast of the call will be available on the SiriusXM Investor Relations website [1] Group 2: Company Overview - SiriusXM is the leading audio entertainment company in North America [3] - The company has a diverse portfolio including its flagship subscription service, ad-supported and premium music streaming services of Pandora, a podcast network, and business solutions [3] - SiriusXM reaches approximately 170 million listeners monthly, offering a wide range of content across music, talk, news, and sports [3]

Core Insights - Sirius XM and Spotify reported Q3 2025 earnings within days of each other, showcasing contrasting trajectories in the audio entertainment sector [1] Company Performance - Sirius XM's performance indicates a positive trend, while Spotify's results reflect challenges [1]

Core Points - Sound Group Inc has successfully completed its share repurchase program, canceling a total of 951,252 American depositary shares (ADSs) for approximately US$4 million [1][2][3] - The cancellation of these shares has resulted in approximately 832 million ordinary shares outstanding, equivalent to 4.16 million ADSs [2] - The CEO of Sound Group expressed confidence in the company's intrinsic value and long-term growth prospects, emphasizing the commitment to enhancing shareholder value through share repurchase and cash dividend programs [3] Company Overview - Sound Group Inc is a global audio-centric social and entertainment company, aiming to build the world's largest audio platform to enhance human connection through sound [4] - The company has been listed on Nasdaq since January 2020 [4]

Core Points - SiriusXM will release its third quarter 2025 operating and financial results on October 30, 2025, followed by an investor call at 8:00 a.m. ET [1] - The company is the leading audio entertainment provider in North America, with a diverse portfolio including SiriusXM, Pandora, and a podcast network, reaching approximately 160 million monthly listeners [3] Financial Results Announcement - The third quarter 2025 results will be announced on October 30, 2025 [1] - An investor call will take place on the same day at 8:00 a.m. ET, with a live webcast available on the SiriusXM Investor Relations website [1] Company Overview - SiriusXM operates a range of audio businesses, including subscription services, ad-supported streaming, and podcasting [3] - The company offers a wide variety of content across music, talk, news, and sports, catering to a large audience [3]

Core Insights - SiriusXM will have presentations by CEO Jennifer Witz and President Scott Greenstein at upcoming conferences, indicating ongoing engagement with investors and stakeholders [1] - The company is a leading audio entertainment provider in North America, with a diverse portfolio that includes subscription services, ad-supported streaming, and podcasts [2] Company Overview - SiriusXM operates a flagship subscription service and offers additional services through Pandora, reaching a combined monthly audience of approximately 160 million listeners [2] - The content provided by SiriusXM includes a wide range of programming across music, talk, news, and sports, catering to diverse listener preferences [2]