Sirius XM Holdings, Inc - SIRI STOCK NEWS

SiriusXM announced that CEO Jennifer Witz will present at the Morgan Stanley Technology, Media and Telecom Conference on March 1, 2021, and CFO Sean Sullivan will present at the Deutsche Bank Annual Media, Internet & Telecom Conference on March 9, 2021. The company will release its first quarter 2021 financial results on April 28, 2021, with a conference call scheduled for 8:00 am ET. SiriusXM is a leading audio entertainment company with more than 150 million listeners across its platforms including Pandora.

SiriusXM collaborates with musician Tom Morello to introduce three new streaming channels and a weekly show starting March 2, along with a podcast launching March 3. Morello's channels, Battle Hymns Radio, Heavy Metal Happy Hour Radio, and Riffs, Rhymes, & Rebellion Radio, will feature diverse music intertwining heavy metal and activism. The new content aims to expand SiriusXM's offerings and reach its audience across multiple platforms. The partnership follows the success of Morello's existing show and aligns with SiriusXM’s strategy to enhance its exclusive content portfolio.

On February 16, 2021, SiriusXM announced a partnership with Navy Federal Credit Union to offer qualifying members a three-month trial of its All Access package. This initiative targets Navy Federal members with factory-installed SiriusXM radios, including those with existing auto loans or recent vehicle purchases. After the trial, active duty military and veterans can receive a 25% discount on subscriptions. SiriusXM's All Access package includes a wide variety of content, enhancing the member experience.

SiriusXM is set to provide extensive coverage of the Daytona 500 on February 14, featuring live broadcasts and in-car audio from top NASCAR drivers. The broadcast begins at 7:00 am ET and includes race updates, post-race interviews, and live driver-to-crew communications. Coverage will extend to other events during NASCAR's Speedweeks, including the Busch Clash and various qualifying races. Listeners can tune in via the exclusive SiriusXM NASCAR Radio channel (ch. 90) and the SiriusXM app.

SiriusXM announced the launch of two new dance music channels on February 3, featuring Armin van Buuren and Steve Aoki. A State of Armin will showcase trance and progressive music along with exclusive DJ sets. Meanwhile, Steve Aoki's Remix Radio will curate dance remixes of popular tracks. Both channels enhance SiriusXM's offerings and build on existing relationships with these artists, who have hosted shows on SiriusXM for over a decade. The launch includes companion playlists on Pandora, reaching over 150 million listeners across their platforms.

SiriusXM announced its Super Bowl LV programming, featuring extensive coverage for fans nationwide. On February 7, the company will broadcast multiple live streams of the game, including team-specific broadcasts and a Spanish-language option. SiriusXM NFL Radio will provide comprehensive coverage, with special shows hosted by NFL experts live from Tampa. The newly launched Super Bowl LV Radio channel will offer celebrity interviews and highlights through February 7. SiriusXM aims to deliver an engaging Super Bowl Week experience for listeners across the country.

SiriusXM reported its fourth-quarter and full-year 2020 financial results, showcasing a revenue increase of 6% to $2.19 billion and 3% to $8.04 billion year-over-year. However, the company incurred a net loss of $677 million in Q4, largely due to a $976 million non-cash impairment charge related to Pandora. Despite this, adjusted EBITDA rose to $2.58 billion, marking a 6% increase from 2019. SiriusXM ended 2020 with nearly 30.9 million self-pay subscribers and announced a 10% dividend increase. 2021 guidance predicts 800,000 net subscriber additions, $8.35 billion in revenue, and $2.575 billion in adjusted EBITDA.