Sirius XM Holdings Stock Price, News & Analysis

SiriusXM has secured exclusive national radio broadcasting rights for the 120th U.S. Open Championship, taking place from September 17-20 at Winged Foot Golf Club, Mamaroneck, New York. The coverage will include 40 hours of live, hole-by-hole commentary across all rounds. Listeners can tune in on channel 208 or via the SiriusXM app. The broadcast team includes notable hosts and analysts, with special pre-and post-round shows featuring previous U.S. Open champions. This partnership enhances SiriusXM's portfolio, reaching a wider audience for golf events.

SiriusXM and CNN announced the launch of a new channel, CNN Originals, which will showcase premier non-fiction series from CNN and HLN. This 24/7 programming begins on SiriusXM channel 121 from September 18, 2020. The channel will feature acclaimed series such as Anthony Bourdain Parts Unknown and United Shades of America, along with HLN's docuseries focusing on crime and mysteries. Additionally, SiriusXM subscribers can access CNN and HLN simulcasts on channels 116 and 117, respectively.

SiriusXM announced the retirement of CEO James E. Meyer effective December 31, 2020, with Jennifer C. Witz succeeding him as CEO. Meyer's tenure saw subscriber growth to a record 34.3 million and expected revenues of $7.7 billion in 2020, nearly doubling since 2012. The company has returned over $10 billion to stockholders and completed significant acquisitions, including Pandora. Sean S. Sullivan has been appointed as Chief Financial Officer, effective October 26, 2020. Meyer will remain on the Board as Vice Chairman.

SiriusXM announced that The Killers will perform for Pandora LIVE on September 15, 2020, at 8:45 PM ET. This virtual concert follows their previous event with Kane Brown and features the band's new album, Imploding The Mirage. Fans can participate in a virtual meet and greet and enjoy exclusive content from event sponsors. The performance marks a rare opportunity to see the band this year due to their postponed tour. Pandora is the largest ad-supported audio streaming service in the U.S., a subsidiary of SiriusXM.

SiriusXM has raised its full-year 2020 guidance for self-pay subscriber net additions from 500,000 to approximately 700,000. This comes amid strong performance trends and robust demand for its audio services. The company's financial guidance for 2020 remains unchanged, projecting approximately $7.7 billion in revenue, $2.4 billion in adjusted EBITDA, and $1.6 billion in free cash flow. CEO Jim Meyer highlighted the positive influence of improving auto sales and a healthy subscription base as key drivers for growth.

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.