Sirius XM (SIRI) AGM 2026 summary

Opening remarks and agenda

• The meeting was conducted virtually, ensuring stockholders could vote and ask questions online.

• Over 81% of eligible shares were present, establishing a quorum for the meeting.

• The agenda included director elections, an advisory vote on executive compensation, approval of a stock incentive plan amendment, and ratification of auditors.

Board and executive committee updates

• Six directors were elected: three to class I and three to class II.

• New leadership appointments included a new CFO, Chief Legal Officer, and Chief Advertising Revenue Officer.

• Two new directors joined the board, bringing additional expertise.

Financial performance review

• 2025 revenue reached $8.56 billion, with $2.67 billion in adjusted EBITDA and $1.26 billion in free cash flow, exceeding expectations.

• Podcast advertising revenue grew 41%, and the company became the top U.S. podcast network by weekly reach.

• Cost-saving targets were exceeded, improving efficiency and expanding free cash flow.