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 has revealed its extensive coverage for the 2020 NFL season, starting with the kickoff on September 10. The platform will provide live broadcasts of all NFL games, accessible through radios, the SiriusXM app, and connected devices. Subscribers will enjoy specialized play-by-play channels, including Spanish-language broadcasts, and the 24/7 SiriusXM NFL Radio channel offering new shows like Silver & Black Radio and The SiriusXM Blitz. The expanded lineup includes notable hosts such as Brett Favre and Mike Haynes.
SiriusXM announced that Pat McAfee's The Pat McAfee Show will be exclusive to its Mad Dog Sports Radio channel starting September 9, 2020. McAfee, a former NFL star and popular media figure, will host the show live from Indianapolis every weekday from noon to 3:00 pm ET. SiriusXM's executives praised McAfee as a unique talent with significant audience appeal. The addition of his show marks a notable expansion for Mad Dog Sports Radio, which retains its existing programming lineup, featuring other popular shows throughout the day.
SiriusXM announced key presentations by executives at upcoming investor conferences. CEO Jim Meyer will present digitally at the BofA Securities 2020 Media, Communications & Entertainment Conference on September 9 at 11:40 am ET. CFO David Frear will present at the Goldman Sachs Communacopia Conference on September 15 at 8:50 am ET. Audio webcasts of both events will be accessible via the Investor Relations section of SiriusXM's website. The company continues to lead in audio entertainment, reaching over 100 million people monthly.
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.
