Sirius XM Holdings, Inc - SIRI STOCK NEWS

SiriusXM and Pandora have launched the Small Stage Series, featuring exclusive live performances from top artists across various genres in intimate venues. Kicking off on August 19 with performances by Dave Matthews and Kane Brown, the series aims to provide SiriusXM subscribers and Pandora listeners unique experiences post-pandemic. Notable acts include Brandi Carlile, Coldplay, and H.E.R., with health protocols in place. SiriusXM, the leading audio entertainment company in North America, reaches approximately 150 million listeners and offers diverse programming through multiple platforms.

Maxar Technologies (NYSE:MAXR) has announced the manufacturing of a new geostationary communications satellite, SXM-9, for its long-term client SiriusXM. The satellite will utilize Maxar's reliable 1300-class platform and is set for launch in 2024. This partnership continues a relationship that began in 2000, including successful satellite launches in the years since. Maxar remains a key player in the space infrastructure and Earth Intelligence sectors, focusing on innovative solutions and customer service.

SiriusXM launches a new channel, "Let's Talk to Lucy," dedicated to legendary comedian Lucille Ball, starting August 5. The channel will air her classic radio show featuring interviews with Hollywood icons from the 1960s. It will be available on channel 104, the SXM App, Pandora, and Stitcher. The channel includes modern stars paying tribute to Ball, enhancing its appeal. SiriusXM, a leader in audio entertainment, continues to expand its content offerings, aiming to engage listeners with nostalgic and classic entertainment.

SiriusXM's subsidiary, Sirius XM Radio Inc., has priced a $1.0 billion offering of 3.125% Senior Notes due 2026 and $1.5 billion of 3.875% Senior Notes due 2031, increasing the offering size by $250 million for both series. The offering, expected to close around August 16, 2021, targets qualified institutional buyers and non-U.S. persons. The company plans to use proceeds to redeem $1.0 billion of 5.375% Senior Notes due 2026 and $1.5 billion of 4.625% Senior Notes due 2024. The gross proceeds from the sale will be $2.5 billion, before fees.

Stitcher, a subsidiary of SiriusXM (NASDAQ: SIRI), has announced the relaunch of the popular Black culture podcast For Colored Nerds, hosted by Eric Eddings and Brittany Luse. Set to premiere later this year, the show aims to explore various aspects of Black culture through engaging conversations and guest appearances. SXM Media will handle advertising for the podcast. Stitcher, recently ranked #1 in Triton Digital's U.S. Network Report for May and June 2021, continues to strengthen its position in the podcasting industry.

SiriusXM has announced an exclusive weekly show, Let's Go!, featuring NFL legends Tom Brady and Larry Fitzgerald, starting September 6. The show will air Mondays at 6 PM ET on Mad Dog Sports Radio and replay on SiriusXM NFL Radio. Listeners can access it via the SXM App and various podcast platforms. Both legends, along with Hall of Famer Jim Gray, will provide in-depth discussions and insights on the NFL. The collaboration highlights SiriusXM's commitment to premium audio content and aims to attract a large sports audience.

SiriusXM announced plans to offer $750 million of Senior Notes due in 2026 and $1.25 billion due in 2031. The offering is aimed at qualified institutional buyers and non-U.S. persons. Proceeds will be used to redeem $1 billion of outstanding Senior Notes due in 2026 at a price of 102.688% of principal, and $1 billion of notes due in 2024 at 102.313%. The notes are not registered under the Securities Act and will not be offered in the U.S. without registration.

Maxar Technologies and SiriusXM announced on July 29, 2021 that the SXM-8 satellite has successfully completed in-orbit testing and is now operational. The satellite, launched on June 6, 2021, is designed to provide over 15 years of service, enhancing SiriusXM's audio programming across the U.S., Canada, and the Caribbean. This deployment marks an important milestone in SiriusXM's efforts to improve service quality and expand coverage, ensuring reliable delivery of entertainment and information services well into 2036.

SiriusXM reported strong second quarter 2021 results with $2.16 billion in revenue, a 15% increase from the previous year. Net income surged to $433 million, up from $243 million, boosted by $140 million in insurance recoveries. The company added 355,000 self-pay subscribers, targeting 1.1 million new subscribers by year-end. Adjusted EBITDA rose to $700 million, a 14% increase year-over-year. Advertising revenue also soared 82% to $383 million, reflecting strong demand. The company raised its full-year 2021 guidance across several metrics.