Berkshire Hathaway ($BRK.B) purchased approximately $26.9 million of SiriusXM ($SIRI) stock between October 30 and November 3, adding 924,281 shares. The purchases followed SiriusXM’s third-quarter results and increased full-year financial guidance.
- Berkshire’s reported purchases increased its holdings to 125,731,398 shares, approximately 0.74% above the 124,807,117 shares reported at June 30.
- The transactions are Berkshire’s first SiriusXM purchases since August 2025.
- SiriusXM reported October 29 that quarterly revenue edged lower to $2.15 billion, while net income rose 7% to $317 million.
- Free cash flow increased 14% to $293 million, and the company added approximately 5,000 net self-pay subscribers.
- SiriusXM raised its annual revenue, adjusted EBITDA and free-cash-flow forecasts by $25 million each, to $8.55 billion, $2.65 billion and $1.40 billion, respectively.
- Management said it expects to accelerate share repurchases in 2027.
Relevant Companies
- SiriusXM ($SIRI): Berkshire increased its existing investment following quarterly results.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
