Welcome to our dedicated page for Sirius XM Holdings news (Ticker: SIRI), a resource for investors and traders seeking the latest updates and insights on Sirius XM Holdings stock.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the largest audio entertainment company in North America, boasting a portfolio of audio businesses that cater to a wide range of listener preferences. With 27.3 million subscribers, SiriusXM delivers commercial-free music, premier sports and live events, news, comedy, exclusive talk and entertainment, and the most comprehensive lineup of Latin commercial-free music, sports, and talk programming in radio.
The company is composed of two main businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. SiriusXM radios come preinstalled in a wide range of light vehicles across the US and Canada. Additionally, listeners can personalize SiriusXM’s expertly curated commercial-free music channels using MySXM and access thousands of hours of programming on demand through SiriusXM On Demand.
Pandora, acquired by Sirius XM Holdings in February 2019, is a streaming music platform that offers both an ad-supported radio option and a paid on-demand service. It also features a robust and growing podcast library, further expanding the company's content offerings. Pandora's ad-supported service generates significant revenue from advertisements, while its premium service offers an ad-free experience for users.
Sirius XM Holdings is controlled by Liberty Media, which owns 84% of the company, traded through its Liberty Sirius XM Group tracking stock. Reaching a combined monthly audience of approximately 150 million listeners, SiriusXM and Pandora offer diverse and expansive content across various genres and interests.
Recent developments include SiriusXM's acknowledgment of a non-binding proposal from Liberty Media regarding a potential transaction involving the company, which is currently being evaluated by a special committee of independent directors.
In August 2023, SiriusXM reported its operating and financial results for the second quarter of 2023, and similar updates were provided for the third quarter in October 2023, the full year 2023 in February 2024, and the first quarter of 2024 in April 2024. These results can be accessed on the Investor Relations section of the SiriusXM website.
In addition, SiriusXM unveiled a new streaming app set to roll out in December 2023, alongside a refreshed brand platform and a newly-priced Streaming All Access Plan aimed at attracting a new generation of listeners. The new app promises a more personalized, easy-to-use, and discovery-focused streaming experience.
SiriusXM continues to innovate and expand its distribution agreements with automotive manufacturers and other industry players to enhance its offerings and reach more potential subscribers.
For more information about SiriusXM, visit their website.
SiriusXM (NASDAQ: SIRI) has appointed Wayne D. Thorsen as Executive Vice President and Chief Operating Officer, effective December 16, 2024. In this newly-created role, Thorsen will oversee product and technology functions, commercial activities, business development, and corporate strategy, reporting directly to CEO Jennifer Witz.
Thorsen joins from ADT Inc., where he led product management and engineering, notably launching the ADT+ platform. His previous experience includes executive positions at Google, SoFi Technologies, Viacom, Telefónica Digital, and Microsoft.
The appointment coincides with Joseph Inzerillo stepping down as Chief Product and Technology Officer. As SiriusXM sharpens its focus on its core business, Thorsen will lead efforts to monitor return on marketing and technology investments to drive operational efficiency and enhance listener experience.
SiriusXM (NASDAQ: SIRI) announced an updated strategic plan focusing on its core subscription business and advertising portfolio. The company provided 2025 guidance projecting revenue of $8.5 billion, adjusted EBITDA of $2.6 billion, and free cash flow of $1.15 billion.
The strategy includes doubling down on automotive subscribers, utilizing streaming as a companion service, and targeting an additional $200 million in annualized savings by end of 2025. The company plans to reduce debt by $700M in 2025 and maintains its quarterly dividend of $0.27 per share. Additionally, SiriusXM appointed Wayne D. Thorsen as Executive Vice President and Chief Operating Officer, while Joseph Inzerillo stepped down as Chief Product and Technology Officer.
SiriusXM (NASDAQ: SIRI) has announced that its Chief Executive Officer Jennifer Witz will deliver a presentation at the UBS Global Media and Communications Conference. The event is scheduled for Tuesday, December 10, 2024, at 2:15 PM ET.
Interested parties can access a live webcast of the presentation through SiriusXM's Investor Relations website. This appearance at a major industry conference provides an opportunity for investors and stakeholders to gain insights into the company's strategies and outlook.
SiriusXM (NASDAQ: SIRI) released its Q3 2024 operating and financial results on October 31, 2024. The full report is available on the Investor Relations section of the SiriusXM website.
SiriusXM (NASDAQ: SIRI) has announced that its Board of Directors has declared a quarterly cash dividend of $0.27 per share of common stock. This regular dividend will be paid in cash on November 21, 2024, to stockholders of record at the close of business on November 5, 2024. The declaration of this dividend demonstrates SiriusXM's commitment to returning value to its shareholders and reflects the company's ongoing financial stability.
SiriusXM has announced that Howard Stern will interview Vice President Kamala Harris, the 2024 Democratic presidential nominee, in a live special edition of 'The Howard Stern Show' on Tuesday, October 8, 2024, at 1:00 pm ET. The interview will air on Howard Stern's exclusive SiriusXM channel Howard 100, with replays throughout the day and week, and full audio and video on demand on the SiriusXM app.
Vice President Harris will also make her debut appearance on 'Call Her Daddy' with Alex Cooper. SiriusXM has recently featured interviews with other major politicians, including President Joe Biden, former President Donald J. Trump, and Senator JD Vance. The company's 24/7 live coverage of news and politics positions it as a key audio destination for the 2024 election season.
SiriusXM (NASDAQ: SIRI) has announced plans to release its third quarter 2024 operating and financial results on Thursday, October 31. The company will hold an investor call at 8:00 a.m. ET on the same day. A webcast of the presentation will be available on the Investor Relations section of the SiriusXM website.
To participate in the call by telephone, investors can dial 877-407-4019 (Tollfree) or +1 201.689.8337 (Local) 10 minutes prior to the start and ask to be connected to the SiriusXM conference call.
SiriusXM is the leading audio entertainment company in North America, offering a portfolio of audio businesses including its flagship subscription service, Pandora's streaming services, an expansive podcast network, and business and advertising solutions. The company reaches a combined monthly audience of approximately 150 million listeners.
SiriusXM (NASDAQ: SIRI) has entered a new phase as an independent public company following its transaction with Liberty Media. The company reaffirmed its 2024 revenue and adjusted EBITDA guidance while updating free cash flow guidance to approximately $1.0 billion, reflecting a $200 million impact from transaction-related costs. SiriusXM plans to continue its quarterly dividend of about $0.27 per share and has authorized a $1.166 billion stock repurchase program.
The company aims to enhance subscriber value, grow advertising offerings, and drive efficiency. It's evaluating potential non-cash goodwill and intangible asset impairments related to the Liberty Media transaction. Post-transaction, SiriusXM has about 339.1 million shares outstanding, with former Liberty SiriusXM stockholders owning 81% and former SiriusXM minority stockholders owning 19%.
SiriusXM (NASDAQ: SIRI) has announced a new multi-year agreement with Alex Cooper, host of the top-ranking podcast 'Call Her Daddy'. The deal includes:
1. Exclusive audio and video advertising sales rights for Cooper's Unwell Network roster.
2. Exclusive content development for SiriusXM, starting in 2025.
3. Distribution rights for 'Call Her Daddy' and other Unwell Network shows.
This partnership aims to expand Cooper's reach through SiriusXM's platforms and introduce her content to new listeners. The deal also strengthens SiriusXM's podcast network, which already reaches 1 in 2 podcast listeners in the US monthly.
SiriusXM (NASDAQ: SIRI) has announced that CEO Jennifer Witz will present at the Goldman Sachs 2024 Communacopia + Technology Conference in San Francisco. The presentation is scheduled for Wednesday, September 11, 2024, at 2:25 PM PT. Investors and interested parties can access a live webcast of the presentation through the Investor Relations section of SiriusXM's website at https://investor.siriusxm.com. An archive of the webcast will be available on the company's website for a time after the presentation. This event provides an opportunity for SiriusXM to showcase its strategies and outlook to a prominent audience in the technology and media sectors.
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