Sirius XM (SIRI) AGM 2026 summary

Opening remarks and agenda

• The meeting was conducted virtually, allowing stockholders to vote and submit questions online.

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

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

Financial performance review

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

• Achieved lowest churn and highest customer satisfaction scores in company history in Q1.

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

• Exceeded cost-saving targets, streamlined operations, and improved efficiency, expanding free cash flow.

Board and executive committee updates

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

• Welcomed two new directors, Anjali Sud and Dave Stephenson, and appointed new CFO and Chief Legal Officer.