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 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.
SiriusXM announced the launch of a new podcast series by Seth Rogen, set to debut later this year. The podcast, crafted with rich sound design, will feature personal stories and guest interviews. Produced by Richard Parks III and supported by a creative team from Earwolf, the podcast aims to explore impactful life moments. Available on Stitcher, SiriusXM's app, and major podcast platforms, it aligns with SiriusXM's strategy to diversify content beyond traditional celebrity narratives.
Sirius XM Holdings Inc. (NASDAQ: SIRI) announced the establishment of SXM Media, a combined advertising sales organization for its platforms: SiriusXM, Pandora, and Stitcher. This unified team will enhance digital audio advertising by offering brands access to 150 million listeners across North America. SXM Media will also represent other major platforms including SoundCloud and NBCUniversal. With advanced ad tech and a creative consultancy, SXM Media aims to drive effective advertising solutions while maintaining a unique listener experience.
Sirius XM Connected Vehicle Services Inc. announced the availability of its new ACN+ (Advanced Automatic Crash Notification) technology across the US for select Jeep, Chrysler, Dodge, Ram, and Alfa Romeo models with an active SiriusXM Guardian subscription. This technology enhances emergency response by linking vehicle and crash data directly to 911, enabling quicker and more informed responses. Over two million vehicles from 2019 and newer can access this feature, improving safety and efficiency during emergencies. ACN+ was introduced commercially in August 2020 and relies on a partnership with RapidSOS to connect with over 4,800 emergency centers.
SiriusXM has launched the Marine Fish Mapping™ service, now available on Furuno's NavNet TZtouch3 line. This service provides saltwater anglers with science-based fishing data to enhance their fishing experience by identifying optimal fishing spots. The service includes features like fishing recommendations, weed lines, and temperature contours. Priced at $99.99 monthly, it can be suspended for up to six months. A $100 rebate is currently offered for new subscribers. Existing users can upgrade easily, enhancing their fishing capabilities while saving time and fuel.
SiriusXM reported Q1 2021 revenue of $2.06 billion, a 5% increase year-over-year. Net income was $219 million with a 5% diluted EPS decline to $0.05, impacted by a $220 million impairment from the SXM-7 satellite failure. Adjusted EBITDA grew 7% to $682 million. The company added 126,000 self-pay subscribers, an 83% increase, with a record low churn rate of 1.6%. Advertising revenue surged 24%, driven by strong on- and off-platform growth, while SiriusXM reiterated 2021 guidance for subscriber additions at 800,000.
SiriusXM will offer extensive coverage of the 2021 NFL Draft from April 29 to May 1, including live announcements and in-depth analysis on SiriusXM NFL Radio. Broadcasts will occur from 7:00 PM – midnight ET on April 29-30, and noon – 7:00 PM ET on May 1. Key NFL figures such as Roger Goodell and expert analysts like Gil Brandt and Pat Kirwan will participate. The coverage also includes call-in shows for fans' reactions and insights from SiriusXM's college sports channels, providing a unique perspective on upcoming NFL prospects.
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