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 launched a new national marketing campaign for Pandora featuring DJ Khaled, showcasing his enthusiasm for the platform. The initial ad debuted online and will be followed by two others, with TV premieres scheduled for BET's 2021 Soul Train Music Awards on November 28. The campaign emphasizes Pandora's personalized music experience and features Khaled discussing his favorite stations and the new 'Modes' feature that allows users to customize their listening. This campaign aims to enhance brand awareness and engagement through various media channels until year-end.
SiriusXM has unveiled its Artists To Watch 2022 list, featuring The Pandora Ten, a selection of 10 emerging music artists poised for future stardom. The list was curated through advanced data analytics and expert insights, highlighting artists like Amaarae, BIA, Conner Smith, and LISA. Past selections have included major names like Post Malone and Dua Lipa. SiriusXM, known for its extensive reach of 150 million listeners, aims to continue fostering talent through its platform.
SiriusXM announces the launch of ABBA Radio, debuting on November 5, 2021, via satellite on channel 54 and the SXM App. This limited-run channel celebrates ABBA's first new studio album in 40 years, Voyage, also releasing on the same day. The channel will feature classic hits and new music, along with personal insights from ABBA members. Available until November 14 via satellite and December 4 on the app, ABBA Radio aims to engage the group's global fanbase while commemorating their influential music legacy.
SiriusXM has unveiled its largest holiday music lineup to date, featuring 19 ad-free channels including two new additions, Holiday Instrumentals and Noël Incontournable. The selection encompasses traditional and contemporary holiday songs across various genres, available on the SXM App. Noteworthy channels include Holly, Holiday Traditions, and Holiday Soul, all accessible through December 26. The initiative aims to enhance the festive listening experience for SiriusXM's approximately 150 million listeners across North America.
SiriusXM and Pandora announce that country artist Jason Aldean will perform in the Small Stage Series on November 12 at Nashville's Marathon Music Works. This series showcases performances from top artists across various genres in intimate venues and launched in August. Aldean, the most-streamed country artist on Pandora, will have new tracks from his upcoming album MACON released on the same day. The event will be hosted by Storme Warren from The Highway, with live broadcasting at 8:00 pm CT. Attendees must adhere to health protocols.
SiriusXM reported robust Q3 2021 financial results, with revenue reaching $2.20 billion, a 9% increase year-over-year. Net income soared to $343 million compared to $272 million in Q3 2020, with diluted earnings per share rising to $0.08. The company added a record 616,000 self-pay subscribers, surpassing its full-year guidance of 1.1 million. Adjusted EBITDA also grew by 9% to $719 million. Despite a drop in paid promotional subscribers, overall subscriber growth and advertising revenue, especially at Pandora, remain strong, cementing a positive outlook for SiriusXM.
SiriusXM's subsidiary Stitcher has signed a multi-year agreement to host The Ed Mylett Show, a leading business podcast with over 90 million downloads. New episodes will be available from November 2, 2021. The show features interviews with peak performers across various industries, offering insights and motivation. This collaboration enhances Stitcher's podcast network, which recently included notable acquisitions. Additionally, Stitcher ranked #1 in Triton Digital's U.S. Network Report for several months, underscoring its leading position in the podcasting industry.
Jaguar Land Rover North America and SiriusXM announced the New Range Rover will feature SiriusXM with 360L as a standard feature, enhancing in-car audio experiences. Deliveries will begin in Spring 2022, marking the first vehicle from Jaguar and Land Rover to include this technology. By model year 2023, all vehicles with the PIVI Pro infotainment system will have this capability. SiriusXM with 360L combines satellite and streaming services, offering extensive content and personalization options, enhancing the driving experience.
SiriusXM (NASDAQ: SIRI) has inked a multi-year agreement with Audiochuck, granting exclusive global ad sales rights for popular podcasts including Crime Junkie and others. Audiochuck, helmed by Ashley Flowers, aims to use this partnership to enhance content development and reach broader audiences. SXM Media will manage advertising sales through its platforms, including Stitcher and Pandora. The collaboration intends to leverage SiriusXM's extensive audience reach to amplify impactful storytelling and advocacy related to true crime narratives.
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