Siriusxm lost about 303,000 out-of-pocket subscribers in the first quarter of 2025, while overall subscriber and advertising revenue was lower.

The audio giant stood out from a comparison of 359,000 out-of-pocket subscribers a year ago, while Siriusxm ended its first quarter with 33 million subscribers. In September, satellite broadcasters and media companies completed derivative products from their controlling shareholder Free Media.

Total revenue fell to 5% from the annual $2.16 billion to $2.06 billion. Net income fell to $204 million, compared with $241 million in the first quarter of 2024. Subscriber revenue reached $1.6 billion, while $1.68 billion in annual returns reflects a growing number of out-of-pocket paid audio subscribers.

Advertising revenue fell to $394 million, compared with $402 million a year ago. Pandora's revenue fell 2% to $487 million, with weaker advertising revenue.

In an analyst call in the morning, Siriusxm CEO Jennifer Witz discussed the possible impact of weaker U.S. economy as consumer confidence declines and inflation grows in the volatile U.S. economy. “Even in the face of economic uncertainty, our business remains resilient and is inspired by the leading customer satisfaction of our industry and the fundamental nature of our service’s core user base,” she said in her exam preparation for investors.

Siriusxm's chief financial officer Tom Barry encountered new car sales pressure during the Trump administration's global trade war during an analyst call as audio companies focused on in-car subscribers. "Big situation, we sleep well at night. We have modeled a variety of situations and we do not expect any tariff-related impact on subscribers' results this year." He said as Siriusxm stared at auto sales in the U.S. market, as new auto parts tariffs continue to drop and price increases, he said.

New car sales soared before tariffs and concerns about higher prices, as the Trump administration mitigated the blow to automakers' trade war by reducing taxes on auto components. However, low sales at car dealers have made Siriusxm executives likely to impact their impact on an in-car subscriber base.

Witz hopes to be in 2026 and beyond, “In general, we believe that the reduction in new car sales will be offset by used car sales. Even if not, we still have high confidence in financial and subscriber standards this year and next year.”

Siriusxm executives also reiterated that they will receive $200 million in annual cost savings by the end of 2025.