Sirius XM Earnings: Subscription Has Improved, but Off-Platform Wins Offer Hope of Durable Stability
Sirius XM's first-quarter sales grew 1% year over year, marking the best quarter on the top line since 2022. Much-improved levels of subscriber losses at SiriusXM and positive pricing trends led to the result. Off-platform ad revenue growth is accelerating and is becoming material to results.