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Sirius XM Holdings vs iHeartMedia: SIRI and IHRT compared
Sirius XM Holdings is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $977M for iHeartMedia (Q2 2026). iHeartMedia is growing faster (+5% against -0.3% a year earlier). Sirius XM Holdings is more profitable, with an operating margin of 22.2% against 3.6%.
Where the money goes: SIRI and IHRT
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.
iHeartMedia (IHRT) · Q2 2026
iHeartMedia, Q2 2026: revenue $977M (+5% year over year), operating margin 3.6%, net loss $82.5M, operating cash flow $64.9M. The chart follows the revenue to costs, profit and cash.
| Sirius XM Holdings (SIRI) | iHeartMedia (IHRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $2.2B | $977M |
| Revenue growth, Y/Y | -0.3% | +5% |
| Gross margin | 52.8% | — |
| Operating margin | 22.2% | 3.6% |
| Net earnings | $317M | −$82.5M |
| Net margin | 14.7% | -8.4% |
| Operating cash flow | $457M | $64.9M |
| Free cash flow | $293M | $46.0M |
| Market value | $11.8B | $279M |
| P/E | 13.3× | — |
| Analysts’ mean target | $34.31 | $3.62 |
Where the revenue comes from
Sirius XM Holdings
- Subscriber revenue: $1.6B (76%)
- Advertising revenue: $456M (21%)
- Other revenue: $67.0M (3%)
iHeartMedia
- Broadcast Radio: $398M (41%)
- Digital, excluding Podcast: $201M (21%)
- Podcast: $162M (17%)
- Networks: $104M (11%)
Questions
Which is bigger, Sirius XM Holdings or iHeartMedia?
Sirius XM Holdings is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $977M for iHeartMedia (Q2 2026).
Is Sirius XM Holdings or iHeartMedia growing faster?
iHeartMedia is growing faster (+5% against -0.3% a year earlier).
Which is more profitable, Sirius XM Holdings or iHeartMedia?
Sirius XM Holdings is more profitable, with an operating margin of 22.2% against 3.6%.
More: Sirius XM Holdings earnings · how Sirius XM Holdings makes money · iHeartMedia earnings · how iHeartMedia makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Aug 10, 2026). Fiscal quarters can end on different dates. Not investment advice.