News about Sirius XM

Spotify shares rose about 10% to $579.49 after the company reported Q3 2026 Premium subscribers of 306 million, 1 million above its guidance, with 6 million net additions and growth in every region. Management guided to 316 million subscribers and €820 million in operating income for Q4, and credited audiobooks with lifting acquisition and retention. Revenue rose 16.3% to $5.58 billion, but GAAP diluted EPS of $2.79 missed the $2.85 consensus due to higher share-based compensation charges, and operating expenses grew 26%. Sirius XM was roughly flat at $26.85, down 0.4%, reflecting different business models: Spotify relies mainly on streaming subscriptions, while Sirius XM sells radio subscriptions largely through vehicles.