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 and Pandora announced a live performance by GRAMMY-winning artist John Mayer at the Hollywood Palladium on February 9, 2022, as part of the Small Stage Series. Hosted by Andy Cohen, the concert will feature songs from Mayer's latest album Sob Rock and fan favorites. SiriusXM subscribers can RSVP for the free event, which will be broadcast live on various channels. Additionally, Pandora listeners can attend a virtual event on February 12, including a Q&A with Mayer. Health protocols will be followed to ensure attendee safety.
The PGA TOUR and SiriusXM have announced a multi-year extension of their broadcasting agreement, ensuring extensive coverage of PGA TOUR events through 2024. SiriusXM PGA TOUR Radio will provide live coverage of 38 events each season, including major championships and special tournaments. The partnership enhances SiriusXM's offering of golf content, featuring original programming and expert commentary from former TOUR players. Fans can listen via the SiriusXM app or on channel 92 in their vehicles. This agreement strengthens SiriusXM's position in sports audio entertainment.
SiriusXM Holdings Inc. (NASDAQ: SIRI) announced the acquisition of Cloud Cover Media, Inc., enhancing its portfolio in commercial music services. Cloud Cover Media, which specializes in music for businesses, offers an intuitive platform that allows organizations to customize audio experiences, ensuring compliance with licensing. This acquisition aims to strengthen SiriusXM's offerings alongside existing services like SiriusXM Music for Business and Pandora for Business. The Cloud Cover team, led by VP Mark Lehman, will continue to operate under SiriusXM.
SiriusXM plans to announce its fourth quarter and full-year 2021 financial results on February 1, 2022, at 8:00 am ET. A conference call will follow to discuss these results, accessible via the company’s website. SiriusXM is the leading audio entertainment company in North America, reaching approximately 150 million listeners. The company operates SiriusXM, Pandora, Stitcher, Simplecast, and AdsWizz, making it a significant player in audio products and advertising.
SiriusXM is launching a limited-run David Bowie Channel from January 4 to January 18, 2022, to honor the singer's 75th birthday on January 8. The channel will feature Bowie's music, live concert tracks, remixes, and celebrity guest DJs sharing their favorite Bowie songs. Listeners can also enjoy popular covers of Bowie’s tracks and a countdown of his top 75 songs. The channel will be available on channel 104 for two weeks and will stream online throughout January on the SXM App.
SiriusXM has finalized a multi-year agreement with YMH Studios, a podcast network founded by comedians Tom Segura and Christina P. This partnership will integrate YMH's staff into SiriusXM's subsidiary, Stitcher, allowing for continued production of popular shows like Your Mom's House. The deal aims to enhance content development across multiple platforms, with YMH shows also set to become ad-free on Stitcher Premium by January 1. SiriusXM's acquisition of YMH follows other notable podcast expansions, reinforcing its position in the competitive audio entertainment market.
Sirius XM Radio made a $5 million donation to the Apollo Theater, recognizing their ongoing relationship since 2010. This funding aims to support the Apollo's mission to highlight Black artists and enhance audience access. In appreciation, the Apollo will name its Orchestra Level the SiriusXM Orchestra. This donation assists the Apollo as it prepares for its winter/spring 2022 season, featuring programs that celebrate African Diaspora artistry. SiriusXM's involvement includes exclusive performances at the Apollo featuring big names like Lady Gaga and Coldplay.
SiriusXM has introduced a new benefit for its Platinum VIP subscribers, offering 12 months of free Apple Music. This plan includes access to over 90 million songs, spatial audio, and exclusive content. The Platinum VIP subscription also provides access to 5000 live concert recordings and additional streaming services. SiriusXM plans to launch another offer for up to six months of Apple Music free with qualifying subscriptions in early 2022. The initiative aims to enhance value for subscribers while expanding content options, as the company continues to grow its digital audio audience.
Pandora announced its 2021 Top Thumb Hundred, highlighting the most-thumbs up songs by listeners. Cardi B retained her position as the top artist with her hit "Up," following her previous year’s success with "WAP." Drake led with nine tracks, four in the top 20, while other notable artists include Adele and Doja Cat. Pandora’s recommendation technology, which uses the unique thumbs-up feature, has generated over 100 billion thumbs, illustrating its effectiveness in curating personalized music experiences.
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