SiriusXM Loses 303,000 Self-Pay Subscribers Lower Overall Revenue

SiriusXM lost around 303,000 self-pay subscribers in the first quarter of 2025 on lower overall subscriber and advertising revenue.

The audio giant shed by comparison 359,000 self-pay subscribers in the year-ago period and SiriusXM ended the first quarter with 33 million total subscribers. In September, the company completed its spin-off from controlling stockholder Liberty Media.

Overall revenue fell 5 percent to $2.06 billion from a year-earlier $2.16 billion. Net income dropped to $204 million, compared with $241 million in the first quarter of 2024. Subscriber revenue came to $1.6 billion, against a year-earlier $1.68 billion reflecting a shrinking number of self-pay audio subscribers.

And advertising revenue declined to $394 million, compared to $402 million in the same period last year. Pandora saw revenue fall by 2 percent to $487 million as SiriusXM sees the benefits of podcast growth across the company.

During a morning analyst call, SiriusXM execs are expected to talk about the possible impact on car sales by the imposition of tariffs on the auto sector by the Trump administration and from a weakened U.S. economy, denting consumer confidence as inflation rises.

“We do not anticipate that tariff-related pressure on new car sales will have a material impact on our subscriber or financial performance this year. That said, like every business, we’ll continue to closely monitor ongoing developments and broader consumer health,” Tom Barry, CFO of SiriusXM, said in a statement that accompanied the first quarter results.