Seeking Alpha
02 Nov 2026, 12:41 UTC · 2h ago
Sirius XM: Green Shoots Confirm Bull Thesis
Impact · against what's priced in
The Q3 results and updated guidance confirm the bull case for Sirius XM, specifically by providing evidence for FCF growth and YouTube reach that the market has previously ignored. While revenue remains flat, the progress toward the $1.5B FCF target and the scale of the YouTube partnership challenge the market's current skepticism.
- SIRI+0.40
Challenges what's priced in
- The price assumes
The free cash flow increase to $1.375 billion this year and $1.5 billion next year
The company raised full-year FCF guidance to $1.4B and reaffirmed a 2027 target of $1.5B, providing concrete evidence for a growth trajectory that the market has not yet credited.
What SIRI's price assumes · Sep 23
