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 announced on June 7, 2021, that its subsidiary intends to offer $1.5 billion of Senior Notes due 2028 to qualified institutional buyers and non-U.S. persons. The proceeds will be used to redeem all outstanding 3.875% Senior Notes due 2022 and partially repay borrowings under its senior secured credit facility. The redemption for the 3.875% notes may begin on August 1, 2021. The offering is subject to market conditions and will not be registered under the Securities Act.
SiriusXM and Simrad Yachting have launched the SiriusXM Marine Fish Mapping service for Simrad's evo3 and evo3S multi-function displays. This service helps saltwater anglers locate fish more efficiently by providing up-to-date, science-based fishing data. Key features include fishing recommendations, weed line sightings, sea surface temperature contours, and plankton concentration information. A WM-4 SiriusXM Satellite Weather receiver is required for this service, which costs $99.99 per month. A $100 rebate is available for new subscribers.
SiriusXM will provide nationwide coverage of the 105th Indianapolis 500 on May 30, 2021, featuring live commentary from the Indianapolis Motor Speedway. Pre-race coverage begins at 11:00 am ET, with the race starting around 12:45 pm ET on channels 205 and 211. Non-subscribers can access these channels for free through June 8, 2021, via the SiriusXM Listen Free Event. Additionally, SiriusXM will co-sponsor two cars in the race, promoting the event. Exclusive programming includes interviews with drivers and special shows leading up to the race.
SiriusXM has announced the launch of Andy Cohen's Kiki Lounge, a new music channel curated by television and radio host Andy Cohen, starting today, May 26. The channel will showcase a diverse selection of music, featuring artists like Madonna, Diana Ross, and John Mayer, along with special DJ sets. The launch will include a weekend of special programming, the All-Star Kiki Weekend, with notable guests. Listeners can access the channel through the SXM App and enjoy a promotional free listening event until June 8.
SiriusXM has launched its first-ever Dance Again Festival, a virtual event taking place from May 28 to May 30, featuring exclusive DJ sets from over 100 renowned artists including Diplo, Armin van Buuren, and Marshmello. The festival will air across four SiriusXM dance channels: BPM, Chill, Diplo's Revolution, and Utopia. Additionally, from May 26 to June 8, non-subscribers can access these channels for free as part of a promotional event.
SiriusXM, in partnership with TikTok and Pandora, is launching TikTok Radio, a dedicated music channel highlighting TikTok's trending sounds and top creators. Set to premiere this summer, the channel will feature exclusive performances and a weekly countdown of TikTok's top tracks. Additionally, Pandora will introduce curated playlists by TikTok creators, starting with Bella Poarch. This collaboration aims to enhance listener engagement through unique content experiences, spotlighting the influence of TikTok on modern music culture.
SiriusXM announced that CEO Jennifer Witz will present at the J.P. Morgan Technology, Media & Communications Conference on May 25, 2021, at 10:15 am ET, followed by CFO Sean Sullivan at the Evercore ISI Inaugural TMT Conference on June 8 and the Credit Suisse Communications Conference on June 15.
The company will release its second quarter 2021 financial results on July 27, 2021, with a conference call at 8:00 am ET. Investors can access the audio webcasts on the company's Investor Relations website.
Marvel Entertainment and SiriusXM are launching their first original scripted podcast series, Marvel's Wastelanders: Old Man Star-Lord, debuting on June 1. The series will comprise 10 episodes, releasing weekly, featuring popular Marvel characters in a dystopian future. Stars include Timothy Busfield as Star-Lord and Chris Elliott as Rocket. Fans are invited to a Virtual Town Hall on May 20 for behind-the-scenes insights. SiriusXM aims to strengthen its podcasting portfolio with this collaboration, expanding content offerings for subscribers.
SiriusXM will provide comprehensive coverage of the 2021 PGA Championship from May 20-23 at the Ocean Course, Kiawah Island. Co-produced with Westwood One, the live play-by-play will feature notable analysts and roving reporters, with coverage available on SiriusXM radios and the app. The broadcast includes pre- and post-round shows, along with special programs highlighting golf's history. The event showcases SiriusXM's commitment to sports programming, aiming to enhance listener engagement through expert analysis and live interaction.
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