SiriusXM Reports Q2 2025 Revenue, Profit Declines Amid Ad Market Weakness

SiriusXM reported a 2% year-over-year revenue decline to $2.14 billion and net income decreased to $205 million in the second quarter of 2025, reflecting ongoing challenges including a weakening advertising market and pricing pressure in streaming. Despite losing 68,000 self-pay subscribers, the decline was significantly less than the previous quarter, supported by improved subscriber trends and new content agreements such as deals with Trevor Noah and Stephen A. Smith. The company's podcast revenue surged 50%, partially offsetting declines in other segments, while disciplined cost management helped maintain a healthy EBITDA margin of 31% and generated $402 million in free cash flow. SiriusXM returned $137 million to shareholders through dividends and share repurchases, underscoring confidence in its financial strategy amid external headwinds. Management emphasized a strategic focus on long-term growth through exclusive content investment and operational improvements, though analysts expressed cautious sentiment due to profit falling short of expectations and persistent market uncertainties. Overall, the company reaffirmed its full-year guidance while navigating competitive pressures and economic challenges.