Sirius XM Holdings Inc

SIRI: XNAS (USA)

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Sirius XM’s Platforms Are Challenged, but Other Areas Can Offset the Decline

Matthew Dolgin

Apr 30, 2026

Business Strategy and Outlook

Sirius XM offers two different listening platforms to consumers: SiriusXM and Pandora. SiriusXM makes up 75% of total company revenue and 85% of gross profit. The firm also owns a podcast network, which licenses its podcasts to other platforms, and an advertising platform that sells advertising on and off Sirius’ platforms.

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Sirius XM Holdings Inc

Sirius XM’s Platforms Are Challenged, but Other Areas Can Offset the Decline

Business Strategy and Outlook

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