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Sirius XM SIRI Pandora and Off-platform — Total Revenue

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SiriusXM
$1.62B+0.2%

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Other financials

Income statement

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Revenue$2.2B+1.0%
Gross profit$1.2B-2.8%
Operating income$472.0M+29.3%
Net income$239.0M+16.6%
EPS (diluted)$0.70+22.8%

Balance sheet

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Cash & equivalents$174.0M+89.1%
Total debt$9.5B-7.3%
Total equity$11.9B+5.1%
Total assets$27.2B-0.5%

Cash flow

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Operating cash flow$722.0M+32.2%
CapEx$130.0M-10.3%
Free cash flow$592.0M+47.6%

Valuation

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Market cap$10.35B+46.5%
Enterprise value$19.63B+14.3%
P/E11.8×
P/S1.2×+0.4×

Profitability

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Gross margin53.5%-0.3pp
Operating margin19.1%
Net margin10.2%
FCF margin18%+6.4pp

Returns & leverage

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Return on equity7.6%
Debt / equity0.8×-0.1×
Current ratio0.5×+0.1×

Where this comes from

Reported directly by Sirius XM in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Sirius XM’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 9:45 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000908937-26-000022
Line itemFor the Three Months Ended June 30, 2026 / Sirius XMFor the Three Months Ended June 30, 2026 / Pandora and Off-platformTotal
Subscriber revenue$1,508$130$1,638
Advertising revenue41413454
Other revenue6868
Total revenue1,6175432,160
Cost of services
Revenue share and royalties(382)(340)(722)
Programming and content (a)(124)(13)(137)
Other (a)(b)(130)(27)(157)

Item 1. Financial Statements (unaudited)

FAQ

What is Sirius XM's pandora and off-platform — total revenue?
Sirius XM (SIRI) reported pandora and off-platform — total revenue of $543M in Q2 2026.
How has Sirius XM's pandora and off-platform — total revenue changed year-over-year?
Sirius XM's pandora and off-platform — total revenue increased by 3.6% year-over-year, from $524M to $543M.
What is the long-term trend for Sirius XM's pandora and off-platform — total revenue?
Over 4 years (2021 to 2025), Sirius XM's pandora and off-platform — total revenue has grown at a 0.8% compound annual growth rate (CAGR), from $2.07B to $2.14B.
What does pandora and off-platform — total revenue mean?
This metric tracks the total gross income generated by the Pandora and off-platform business segment from its core operations, including advertising and subscription services. It serves as the primary indicator of the segment's market reach and ability to monetize its user base. Growth in this metric is essential for assessing the segment's competitive position in the streaming market.

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