Sirius XM stock drops after earnings pop fades as traders weigh 2026 cash-flow target
Sirius XM shares fell 5.3% to $21.40 Friday after Seaport Global downgraded the stock, erasing part of Thursday’s 9% surge. The company set 2026 targets of $8.5 billion in revenue and $2.6 billion adjusted EBITDA, but subscriber losses and concerns over pricing weighed on sentiment. SiriusXM ended 2025 with 33 million subscribers and reported $8.56 billion in revenue for the year.