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 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.
SiriusXM announced that CEO Jennifer Witz will present virtually at the 2021 Citi TMT West Conference on January 7, 2021, at 4:00 pm ET. A live webcast of her presentation will be available on the company's Investor Relations website. As a leading audio entertainment company, SiriusXM serves over 150 million listeners across its platforms, including Pandora, which is the largest ad-supported audio streaming service in the U.S. The press release highlights the company's significant reach and its strategic acquisitions in the podcasting space.
SiriusXM has unveiled its 'Future Five' artists for 2021, including Don Toliver, Drew Parker, Fousheé, Royal & The Serpent, and Zero 9:36. The announcement highlights the platform's commitment to music discovery amid the challenges of 2020, with success stories like Doja Cat and Roddy Rich from the previous year. The 'Class of 2020' recognizes artists such as Arizona Zervas and Phoebe Bridgers, who achieved significant milestones with SiriusXM's support. This initiative underscores SiriusXM's role in championing emerging talent and enhancing listener experience.
SiriusXM has launched a range of new pop-up channels and exclusive programs for the holiday season and New Year celebrations. Starting December 29, New Year's Nation will air on channel 105, featuring top celebration songs. Additional offerings include year-end countdown specials and live New Year's Eve programming across various channels. SiriusXM also introduces 'Jolly Christmas,' a holiday music channel, along with the 'Top 100 Interviews of 2020' pop-up channel. Exclusive podcasts and videos are available on the SiriusXM app, enhancing the holiday experience for listeners.
Pandora will host its final Pandora LIVE virtual event on December 22 at 9:00 PM ET featuring Dua Lipa. The event includes a performance, an interactive trivia game, and a virtual meet-and-greet for some fans. Dua's latest album, Future Nostalgia, debuted in the top 5 of the Billboard 200 and includes hit singles like Don't Start Now and Break My Heart. Pandora, a subsidiary of SiriusXM, reaches over 150 million listeners, enhancing its position as a leading streaming service.
SiriusXM announced that its Doctor Radio channel 110 will be free to the public amidst the COVID-19 pandemic, coinciding with the FDA's expected vaccine approval. Since the pandemic began, the channel has provided vital information on COVID-19 through partnerships with NYU Langone Health. Upcoming special programming includes discussions on the COVID-19 vaccine and significant medical advances of 2020. Doctor Radio focuses on a range of health topics and mental health support during the pandemic, enhancing public access to medical expertise during a critical period.
SiriusXM announced that Maserati has made its SiriusXM with 360L audio platform a standard feature across all 2021 model vehicles in the U.S. This initiative marks Maserati as the first manufacturer to adopt this technology. The platform enhances the audio experience by combining satellite and streaming services, providing over 10,000 hours of on-demand content and personalized recommendations. Maserati buyers will receive a 12-month trial of SiriusXM's top-tier All Access package, enhancing the luxury vehicle experience with increased entertainment options.
Howard Stern has signed a new five-year agreement with SiriusXM, where he will continue to produce and host The Howard Stern Show. Additionally, his audio and video archives will be licensed to SiriusXM for an additional seven years. Stern praised SiriusXM, highlighting its growth into the largest audio entertainment company in North America. SiriusXM's CEO, Jim Meyer, expressed satisfaction in retaining Stern's content while exploring additional platforms for select content. This collaboration signifies a strong relationship between Stern and SiriusXM, emphasizing their commitment to audio entertainment.
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