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. (SIRI) provides investors and industry observers with critical updates through this centralized news hub. Track official press releases, financial disclosures, and strategic developments from North America's leading audio entertainment company.
This resource delivers timely updates on earnings reports, content partnerships, technological innovations, and market positioning. Users gain insights into SiriusXM's satellite radio operations, Pandora streaming services, and automotive integration strategies through verified corporate communications.
The curated collection includes updates across key business areas: quarterly financial results, exclusive content agreements, platform enhancements, and leadership announcements. All materials maintain factual accuracy while avoiding speculative analysis.
Bookmark this page for streamlined access to Sirius XM Holdings' material developments. Combine regular monitoring with independent research to inform your understanding of this dynamic audio entertainment provider.
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.
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.
