Sirius XM Holdings - SIRI STOCK NEWS

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.

SiriusXM has launched the new Platinum VIP subscription package, priced at $34.99 per month, offering comprehensive access to over 300 channels across two vehicles and the SXM App. Subscribers will enjoy exclusive perks, including VIP access to events, personalized customer service, and extensive concert recordings via nugs.net. This package provides access to more than 5,000 soundboard-quality live concert recordings and caters to music fans by featuring a plethora of artists. The launch coincides with a rebranding of SiriusXM's subscription tiers for greater clarity.

SiriusXM has declared a quarterly cash dividend of $0.014641 per share, payable on August 30, 2021. Additionally, the Board has authorized an extra $2 billion for stock repurchases, raising the total to $18 billion since 2013. This move aims to enhance shareholder value and reflects confidence in the company's long-term growth. SiriusXM will fund the buybacks through available cash, operational cash flow, and future borrowings, while continuing to invest in programming and strategic opportunities.

Pandora has expanded its 'Billionaires' artist milestone program with the introduction of eight new music stations celebrating top-streamed acts across genres like Pop, Country, Hip Hop, and more. Available now, these stations feature artists who have surpassed one billion streams on Pandora. The initiative aims to enhance user engagement by allowing fans to enjoy music from iconic artists like Jason Aldean and Taylor Swift. The program began in 2018 and will continue to evolve as more artists reach this significant streaming milestone.

Sirius XM Connected Vehicles Service, Inc. (SiriusXM CV) has been awarded the 2020 North American Company of the Year in the telematics industry by Frost & Sullivan. Recognized for its innovative connected vehicle platform, SiriusXM CV offers advanced services like automatic crash notification (ACN+) and enhanced roadside assistance. The ACN+ technology improves emergency response by digitally sharing data with 911, enhancing safety and reliability. SiriusXM CV currently services over 12 million vehicles and continues to expand its offerings, including an in-vehicle payment solution through partnerships with PayTollo and Visa.