Sirius XM Holdings, Inc - SIRI STOCK NEWS

SiriusXM and Bell announced a partnership where Bell will offer a three-month subscription to SiriusXM's aviation weather, information, and audio services with each new rotor wing aircraft purchase. This service includes SiriusXM's top-tier aviation weather features and the All Access audio package for popular Bell models like the Bell 407GX, 429, and 525. This collaboration aims to provide Bell pilots with superior weather data and entertainment options during flights, enhancing operational efficiency and passenger experience.

Sirius XM Connected Vehicle Services and RapidSOS have announced a partnership to enhance emergency response by automatically transmitting vehicle crash data to 911 services. This integration allows quicker notifications and provides critical information regarding the incident's nature and severity, improving response times. Sirius XM's ACN+ technology, implemented in over 10 million vehicles, will now be able to send data like location, airbag status, and crash impact directly to emergency responders. This advancement aims to improve public safety and efficiency in emergency scenarios.

SiriusXM announced that David Frear, Senior Executive Vice President and CFO, will present at the BofA Securities Best of SMID Cap Ideas for 2H 2020 Conference on August 12, 2020, at approximately 10:00 am ET. An audio webcast will be available on the Investor Relations section of the company's website.

SiriusXM is a leading audio entertainment company in the U.S., reaching over 100 million people monthly through its services, including Pandora, the largest ad-supported audio streaming service.

SiriusXM announced its coverage of the 2020 PGA Championship, taking place August 6-9 at TPC Harding Park, San Francisco. This marks the first major championship of 2020, impacted by COVID-19. Coverage will include live hole-by-hole commentary starting 4:00 PM ET for Thursday through Saturday and 3:00 PM ET on Sunday. The broadcast features a mix of on-site and remote reporting, focusing on safety protocols. SiriusXM emphasizes its commitment to delivering extensive golf coverage with exclusive programming and analysis throughout the Championship week.

Sirius XM reported Q2 2020 revenue of $1.9 billion, down 5% year-over-year. Net income was $243 million, down from $263 million. Adjusted EBITDA stood at $615 million, maintaining a margin of 32.8%. Self-pay subscribers grew by nearly 200,000, showing resilience amidst the COVID-19 pandemic, although advertising revenue plunged 34%. The company reinstituted share repurchases, spending $165 million for 29 million shares. Full-year guidance includes expectations of 500,000 new self-pay subscribers and $7.7 billion in revenue.

Pandora has launched UNINTERRUPTED Radio, a new exclusive station featuring music curated by top NBA and WNBA players, coinciding with the NBA's 2020 season resumption. Fans can listen to soundtracks used by athletes like LeBron James and A'ja Wilson. The station includes Modes for different listening experiences: Tip-Off, Vet, and Postgame. This initiative is part of SiriusXM and Pandora's collaboration with UNINTERRUPTED, aimed at connecting fans and athletes through music. UNINTERRUPTED's mission is to empower athletes by providing them a platform to express themselves.

SiriusXM is set to resume live NBA coverage starting July 30, 2020, featuring play-by-play broadcasts of all games, including playoffs and finals. Subscribers with the All Access plan can access games on various platforms, including the SiriusXM app. The season restart involves 22 teams playing eight seeding games until August 14, which will contribute to the final standings. The NBA playoffs will commence on August 17. SiriusXM NBA Radio will provide extensive coverage, featuring expert analysis and post-game shows, enhancing the fan experience during the season.

SiriusXM has partnered with Volkswagen to introduce SiriusXM with 360L in most model year 2021 vehicles. This advanced audio platform will be available in models such as the Arteon, Atlas Cross Sport, Golf GTI, and others equipped with the MIB3 infotainment system. Volkswagen purchasers will receive a three-month trial subscription of SiriusXM’s All Access package. The 360L service offers over 10,000 hours of on-demand content, enhanced sports offerings, and personalized recommendations, enhancing the in-car entertainment experience.

SiriusXM announces its coverage of the 2020 Major League Baseball (MLB) season, starting July 23 with live play-by-play broadcasts of all regular season and postseason games.

Subscribers will enjoy 30 dedicated channels for each MLB team, plus daily analysis on the MLB Network Radio channel. Key opening games include the Nationals vs. Yankees and Giants vs. Dodgers on July 23, and a full slate of 15 games on July 25. SiriusXM reaches over 100 million listeners monthly, enhancing its position as a leader in audio entertainment.