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Sirius XM Holdings vs Cumulus Media: SIRI and CMLS compared
Sirius XM Holdings is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $168M for Cumulus Media (Q2 2026). Sirius XM Holdings is growing faster (-0.3% against -10% a year earlier). Sirius XM Holdings is more profitable, with an operating margin of 22.2% against 1.4%.
Where the money goes: SIRI and CMLS
Sirius XM Holdings (SIRI) · Q3 2026
Sirius XM Holdings, Q3 2026: revenue $2.2B (-0.3% year over year), operating margin 22.2%, net earnings $317M, operating cash flow $457M. The chart follows the revenue to costs, profit and cash.
Cumulus Media (CMLS) · Q2 2026
Cumulus Media, Q2 2026: revenue $168M (-10% year over year), operating margin 1.4%, net loss $9.2M, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
| Sirius XM Holdings (SIRI) | Cumulus Media (CMLS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $2.2B | $168M |
| Revenue growth, Y/Y | -0.3% | -10% |
| Gross margin | 52.8% | — |
| Operating margin | 22.2% | 1.4% |
| Net earnings | $317M | −$9.2M |
| Net margin | 14.7% | -5.5% |
| Operating cash flow | $457M | $6.6M |
| Free cash flow | $293M | $3.4M |
| Market value | $11.8B | — |
| P/E | 13.3× | — |
| Analysts’ mean target | $34.31 | — |
Where the revenue comes from
Sirius XM Holdings
- Subscriber revenue: $1.6B (76%)
- Advertising revenue: $456M (21%)
- Other revenue: $67.0M (3%)
Cumulus Media
- Total broadcast radio revenue: $103M (61%)
- Digital: $38.7M (23%)
- Other: $26.3M (16%)
Questions
Which is bigger, Sirius XM Holdings or Cumulus Media?
Sirius XM Holdings is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $168M for Cumulus Media (Q2 2026).
Is Sirius XM Holdings or Cumulus Media growing faster?
Sirius XM Holdings is growing faster (-0.3% against -10% a year earlier).
Which is more profitable, Sirius XM Holdings or Cumulus Media?
Sirius XM Holdings is more profitable, with an operating margin of 22.2% against 1.4%.
More: Sirius XM Holdings earnings · how Sirius XM Holdings makes money · Cumulus Media earnings · how Cumulus Media makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 14, 2026). Fiscal quarters can end on different dates. Not investment advice.