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 introduces new limited-engagement channels as part of SiriusXM Celebrates Black History Month, running from February 1 through March 1. Channels honoring Aretha Franklin, Jimi Hendrix, Miles Davis, and Motown will feature unique programming available on the SiriusXM app and select satellite channels. The Aretha Franklin Channel, Jimi Hendrix Experience Channel, Miles Davis Radio, and The Motown Channel will spotlight influential artists and their music. Additionally, Pandora will launch a new Wake Up! Mode celebrating Black artists. For more details, visit siriusxm.com/black-history-month.
SiriusXM announced a quarterly cash dividend of $0.014641 per share, payable on February 26, 2021, to stockholders of record as of February 10, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders. SiriusXM continues to lead in the audio entertainment industry in North America, reaching over 150 million listeners through its various platforms, including Pandora. This dividend demonstrates financial stability amidst challenges posed by competition and the pandemic.
SiriusXM has partnered with Laugh Out Loud, the comedy brand founded by Kevin Hart, to launch three new original programs, including Hart's debut podcast, Inside Jokes. The podcast, featuring guests like Jerry Seinfeld, started airing on January 27, 2021, at 8:00 PM ET. Along with Inside Jokes, two additional shows, The Ladies Room and Date Night, also premiered, aiming to diversify SiriusXM's comedy content. This initiative reflects Laugh Out Loud's commitment to expanding its audio offerings across various platforms.
SiriusXM and Foo Fighters have announced the launch of 'Foo Fighters Radio,' a limited-engagement channel starting on February 3. The channel features exclusive programming, including a live concert Foo Fighters LIVE from the SiriusXM Garage on February 5, coinciding with their new album Medicine At Midnight. Foo Fighters Radio will also showcase special commentary from band members and insights into their music. This initiative aims to attract more listeners and enhance subscriber engagement through unique content offered on SiriusXM's platform.
SiriusXM has expanded its agreement with the NBA to enhance streaming rights starting with the 2020-21 season. The deal allows SiriusXM Premier Streaming Package subscribers access to live audio broadcasts for every NBA game and a dedicated NBA Radio channel, offering 24/7 coverage. Subscribers can access 30 additional play-by-play channels for each team through the SiriusXM app and website. New customers can take advantage of a promotional offer for the Premier Streaming Package for $1 for the first three months. This move strengthens SiriusXM's position in sports audio entertainment.
SiriusXM reported a strong finish to 2020, adding 909,000 net self-pay subscribers to reach approximately 30.9 million self-pay subscribers, exceeding its guidance. For 2021, the company projects 800,000 net subscriber additions, $8.35 billion in total revenue, $2.575 billion adjusted EBITDA, and $1.6 billion in free cash flow. However, an impairment of approximately $1.0 billion related to the Pandora unit is anticipated, primarily due to royalty costs. The company plans to release its full-year 2020 results on February 2, 2021.
SiriusXM has launched the SportsGrid Radio Channel on Channel 204, providing subscribers with 24/7 access to real-time sports news, statistics, and analysis. This partnership allows listeners to enjoy live coverage across various sports, hosted by personalities like Scott Ferrall and Ariel Epstein. The channel also features a lineup of programs including The Early Line and In Play Sports Tonight. The launch emphasizes SiriusXM's commitment to enhancing its sports content portfolio.
SiriusXM has secured exclusive audio broadcasting rights for the Masters Tournament, scheduled from April 5-11, 2021. This agreement allows SiriusXM to provide live play-by-play coverage across various platforms including radios and the SiriusXM app. Highlights include a live broadcast of the Par 3 Contest, and the introduction of a new podcast, The Masters Show, starting January 11. The partnership aims to enhance the listener experience with in-depth coverage and commentary from renowned golf personalities.
FAQ
What is the current stock price of Sirius XM Holdings (SIRI)?
What is the market cap of Sirius XM Holdings (SIRI)?
What is Sirius XM Holdings Inc.?
What services does SiriusXM provide?
What is Pandora?
Who owns Sirius XM Holdings Inc.?
How many subscribers does SiriusXM have?
Can I personalize my listening experience on SiriusXM?
What recent developments have been reported by SiriusXM?
Where can I find financial results for SiriusXM?
When will SiriusXM's new streaming app be available?
How many listeners does SiriusXM reach each month?
