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.
Mike Krzyzewski, the legendary head coach of Duke University, will kick off the 17th season of his SiriusXM show, Basketball and Beyond with Coach K, on October 21 at 6:00 pm ET. The show will feature discussions on basketball and interviews with notable guests including Olympic swimmer Katie Ledecky. Throughout the season, new episodes will air every Thursday on SiriusXM channels 84 and 371. This season marks Krzyzewski's final year as head coach, capping a stellar career with 1,170 NCAA victories and five national championships.
Pandora has launched a new station, 'The Lookout by SoundCloud', aimed at showcasing emerging hip-hop artists. This initiative is a collaboration with SoundCloud and features tracks from the SiriusXM show of the same name. Hosted by Sowmya Krishnamurthy, it will spotlight artists like Toosii and Flo Milli weekly. The program originated from SoundCloud's successful playlist and aims to help undiscovered talent gain visibility. SiriusXM, which owns Pandora, reaches approximately 150 million listeners across various platforms, solidifying its position in the audio entertainment market.
SiriusXM's subsidiary, Stitcher, has announced the addition of Rory Farrell and Jamil 'MAL' Clay to their lineup with the podcast New Rory & MAL, set to launch on November 2. Their show will join the More Sauce label, which includes other popular podcasts. Stitcher continues to hold the top rank in Triton Digital's podcast network report. New episodes will be released twice weekly across major platforms, expanding Stitcher's podcast offerings and enhancing advertising opportunities through SXM Media.
On October 14, 2021, U2 announced a significant Artist Takeover on Pandora to commemorate the 40th anniversary of their album October. This event features band members sharing personal stories and insights about their first three albums: Boy, October, and War. For the first time, users can select from three personalized modes on U2's Radio station. This collaboration highlights U2's legacy and aims to enhance listener engagement on Pandora.
SiriusXM's subsidiary, Stitcher, has acquired The Bellas Podcast, hosted by WWE Hall of Famers, Brie and Nikki Bella. The show is set to return on November 3, 2021, after a hiatus since Spring 2021. The podcast aims to provide authentic, uncensored access to the Bella Twins' lives, featuring special guests and real-life moments. The acquisition follows SiriusXM's strategy to enhance its podcast offerings, which includes recent deals with other notable podcasts. SiriusXM continues to dominate the podcast market, ranking #1 in Triton's U.S. Network Report.
SiriusXM has signed a three-year agreement with the award-winning podcast The Last Podcast on the Left, hosted by Ben Kissel, Marcus Parks, and Henry Zebrowski. The podcast will return to major platforms in 2022 and debut a live weekly radio show on SiriusXM's Faction Talk channel. Stitcher will manage all ad sales for the podcast, granting brands exclusive access through SXM Media. This partnership aims to enhance listener engagement and expand ad revenue opportunities, continuing SiriusXM's growth in the podcast sector.
SiriusXM Holdings Inc. (NASDAQ: SIRI) has announced a strategic agreement with Audio Up, a podcast production studio, to create original scripted podcasts for its platforms, including the SXM App, Pandora, and Stitcher. The partnership includes a first-look co-production option for new podcast concepts and exclusive rights to manage advertising inventory. Audio Up recently completed a $12 million Series B funding round, led by SiriusXM. This collaboration aims to expand SiriusXM's podcast offerings and strengthen its position in the audio entertainment market.
SiriusXM has announced that it will release its third quarter 2021 financial results on October 28, 2021. A conference call will be held at 8:00 am ET to discuss these results, which investors can access through the company’s investor relations website. SiriusXM is recognized as the leading audio entertainment company in North America, serving approximately 150 million listeners across various platforms including music, sports, and podcasts. The company is also notable for its subsidiaries like Pandora, a major player in the ad-supported audio streaming market.
SiriusXM and Pandora announce that J. Cole will perform in Los Angeles for their Small Stage Series on October 23, 2021. This exclusive performance will feature songs from his latest album, The Off-Season, and will be accessible to SiriusXM subscribers and Pandora listeners. The event will air on SiriusXM's Hip Hop Nation on October 26, 2021, at 6:00 PM ET. Subscribers can win tickets through a competition. SiriusXM continues to prioritize health and safety standards at events while promoting its growing portfolio of unique artist performances.
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