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 will host an exclusive concert featuring Avril Lavigne at The Roxy in Los Angeles on February 25, 2022, as part of the Small Stage Series. This performance coincides with the release of her new album, Love Sux, and will include her hit single "Bite Me". The concert will be available on the SXM App on March 2, 2022. SiriusXM's Small Stage Series aims to connect listeners with premier artists and has previously featured notable performers such as Alicia Keys and Coldplay.
SiriusXM has announced the launch of a new podcast titled Naked Lunch, hosted by Phil Rosenthal and David Wild. Set to debut this spring, the podcast will feature candid conversations with various guest personalities, recorded in an informal setting. Stitcher will support production, while SXM Media will handle exclusive global ad sales rights. This initiative reflects Stitcher's ongoing growth, having ranked #1 in the Triton Digital U.S. Network Report since May 2021. The podcast will be available on major platforms including Stitcher and Pandora.
SiriusXM announces extensive audio coverage for the Daytona 500 on February 20. Subscribers will have access to live race broadcasts, in-car audio, and daily updates from Daytona International Speedway. Coverage includes live broadcasts starting at 7:00 am ET on race day, with interviews post-race. Additional live coverage includes the Bluegreen Vacations Duel and other races leading up to the main event. SiriusXM NASCAR Radio will provide comprehensive analysis and interviews throughout Speedweeks to enhance listener engagement.
Sirius XM Holdings Inc. (NASDAQ: SIRI) announced the appointment of Faye Tylee as Chief Human Resources Officer, effective March 1, 2022. Tylee succeeds Dara Altman, who is retiring after a 16-year tenure in senior management roles. Tylee brings over 25 years of HR experience, previously serving as CHRO at Avaya and EVP of Human Resources at Wyndham Worldwide. CEO Jennifer Witz emphasized Tylee's role in enhancing diversity, equity, and inclusion efforts within the company. Tylee expressed excitement about driving a results-oriented culture at SiriusXM.
SiriusXM announced extensive programming for Super Bowl LVI week in Los Angeles, enhancing its listener engagement. On Super Bowl Sunday, February 13, multiple broadcasts include the Cincinnati Bengals and Los Angeles Rams team coverage. The Pepsi halftime show will feature artists like Dr. Dre and Eminem, broadcasted on SiriusXM 45 and 104. Additionally, SiriusXM NFL Radio will cover events from Radio Row, including interviews with top players and a special show hosted by Brett Favre. The week-long pop-up channel, Super Bowl LVI Radio, launched on February 7, providing highlights and game-day information.
SiriusXM reported a strong fourth quarter and full-year 2021 performance, with revenues of $2.28 billion and $8.70 billion, reflecting increases of 4% and 8% year-over-year. The company achieved net income of $318 million for Q4 and $1.31 billion for the year, significantly improving from prior year losses. Self-pay subscribers rose by over one million for the tenth time in 11 years, reaching a record of 32 million. A special cash dividend of $0.25 per share was declared, along with a 50% increase in the regular quarterly dividend. 2022 guidance includes an expected revenue of $9 billion.
SiriusXM's SXM Media has launched AudioID, a pioneering listener identity solution designed to enhance audio advertising. This technology aims to connect marketers with consumers effectively across various platforms, including satellite radio and podcasts. AudioID utilizes a unique algorithm to generate anonymized AudioIDs that improve targeting and measurement. The solution is built on principles of innovation, flexibility, privacy, and intelligence. As consumption shifts towards audio content, AudioID positions SXM Media to lead in addressing identity challenges while prioritizing consumer privacy.
SiriusXM has re-launched Neil Young Radio, a dedicated channel offering music and exclusive stories from Neil Young. This limited engagement runs for 7 days on channel 27 and streams for a month on the SXM App, featuring new songs from his latest album Barn and fan favorites. Listeners will enjoy concert broadcasts, guest DJs, and Neil's insights on his music. SiriusXM aims to enhance user experience with this unique offering, showcasing Young's ongoing creativity and stature in the music industry.
SiriusXM's Board of Directors declared a quarterly cash dividend of $0.0219615 per share, payable on February 25, 2022, to shareholders of record as of February 11, 2022. As a leading audio entertainment provider in North America with approximately 150 million listeners, SiriusXM operates various platforms, including Pandora, Stitcher, and SXM Media. The company continues to engage in extensive marketing efforts and leverage its scale to enhance subscriber retention and attract new clients.
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