SiriusXM Reports Smaller Q1 Subscriber Loss and Revenue Beat

SIRIUS XM HOLDINGS INC lost 111,000 self-pay subscribers in the first quarter, beating Visible Alpha estimates of a 260,463 decline. Total revenue rose to $2.09B, exceeding LSEG projections of $2.07B as podcasting revenue grew 37%. Resilient subscriber retention and high-growth ad partnerships suggest SiriusXM is successfully pivoting its content strategy in the United States.

Content Mix Stabilizes Subscriber Base