Sirius XM Holdings Inc. (NASDAQ: SIRI) saw its stock price plummet 5.04% during intraday trading on Thursday. The sharp decline followed the company's release of its first-quarter 2026 financial results, which presented a mixed picture to investors.

The satellite radio provider reported a decline of approximately 111,000 self-pay subscribers during the quarter, a key metric that overshadowed other positive aspects of the report. While the company's revenue of $2.091 billion slightly exceeded analyst estimates, its full-year 2026 revenue guidance of about $8.5 billion came in below the FactSet consensus estimate of $8.55 billion, raising concerns about future growth prospects.

Adding to investor uncertainty were conflicting reports about the company's earnings per share, with some sources indicating a miss against consensus estimates while others reported a beat. This confusion, combined with the subscriber losses and guidance that fell short of expectations, appears to have driven the significant sell-off in the stock during the trading session.