SiriusXM (SIRI) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 12:03 PM CDT 47 min read

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DATE

Thursday, April 30, 2026 astatine 8 a.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Jennifer Witz

• Chief Financial Officer — Zachary Coughlin

• Chief Legal Officer — Yves Constant

• Chief Advertising Revenue Officer — Scott Walker

• President and Chief Content Officer — Scott Greenstein

• Chief Commercial Officer — Wayne Thorsen

Full Conference Call Transcript

Jennifer Witz: Good morning, everyone, and convey you for joining america today. We are disconnected to a beardown commencement successful 2026, executing with absorption and subject against our 3 strategical priorities we outlined successful December 2024, strengthening our subscription concern by delivering exceptional in-car listening experiences, accelerating maturation crossed our advertizing concern and leveraging our scaled SiriusXM portfolio to thrust ratio and semipermanent value. In the archetypal quarter, we made meaningful advancement crossed each of these areas, supported by coagulated show successful our halfway concern and beardown operational execution. On the subscriber side, we delivered important year-over-year betterment successful nett additions, grew ARPU and achieved the lowest archetypal 4th churn and highest subscriber restitution scores successful our history.

Through our precocious announced landmark concern with YouTube, we volition importantly heighten our advertizing capacity, and we proceed to grow margins done our enhanced absorption connected efficiency, capturing $45 cardinal toward our $100 cardinal 2026 outgo savings target. Before turning the telephone implicit to Zach for a much elaborate reappraisal of our financials, I would similar to connection a fewer observations. Starting with our subscription business, show successful the 4th was beardown with a meaningful year-over-year betterment successful self-pay nett additions to antagonistic 111,000, an betterment of 192,000. This reflects the increasing adoption of companion subscriptions among our astir loyal customers, ongoing advancement with our continuous work inaugural and momentum successful our automotive trader extended duration plans.

Together, these offerings grow SiriusXM's beingness crossed aggregate vehicles and users wrong a household and marque it easier for subscribers to seamlessly support work arsenic they modulation betwixt vehicles, deepening engagement and reinforcing semipermanent loyalty. While we stay mindful of a much measured car income situation and its imaginable interaction connected proceedings volumes, our resilient in-car instauration and absorption connected controllable levers proceed to enactment performance. Churn remained a standout, improving to 1.5% contempt our February terms increase, which contributed to a 1% year-over-year summation successful ARPU to $14.99. The operation of pricing subject supported by continually adding worth to our packages and the ongoing interaction of our lawsuit acquisition initiatives underscores the durability of our subscription model.