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.
Sirius XM Holdings Inc. (NASDAQ: SIRI) released its financial and operational results for Q1 2023, showcasing its position as a leading audio entertainment company in North America. The firm supports a monthly audience of about 150 million through its diverse offerings, including SiriusXM, Pandora, podcasts, and advertising solutions. Key metrics and details of performance can be accessed through their Investor Relations page. A live webcast detailing these results is scheduled for 8:00 a.m. ET, with an archive available post-event. For further insights, visit the SiriusXM website for comprehensive information.
SiriusXM Holdings announced a quarterly cash dividend of $0.0242 per share, payable on May 24, 2023. This dividend is for shareholders of record as of May 5, 2023. With a robust monthly audience of approximately 150 million listeners, SiriusXM remains a leader in North America's audio entertainment sector, encompassing various platforms including SiriusXM, Pandora, and an extensive podcast network. This decision reflects the company's commitment to return value to its shareholders amidst a competitive media landscape.
Communications & Power Industries (CPI) has secured a multi-year order from SiriusXM (Nasdaq: SIRI) to develop high-power solid-state repeater hardware. This contract aims to enhance the continuous network coverage of SiriusXM's satellite content delivery systems. The work will be handled by CPI's Power Electronics division, a leading global manufacturer of communications amplifiers. CPI's solid-state amplifiers are specifically designed to meet SiriusXM's unique operational requirements. This collaboration underscores SiriusXM's commitment to delivering reliable audio entertainment and information services.
Sirius XM Holdings Inc. (NASDAQ: SIRI) has announced the appointment of Thomas D. Barry as Chief Financial Officer, effective April 28th, replacing Sean Sullivan, who is stepping down for another opportunity. Barry, who has over 30 years of finance experience and has been with SiriusXM since 2009, played a pivotal role in various acquisitions including Pandora. The company reaffirmed its full-year 2023 financial guidance and plans to release its Q1 2023 financial results on April 27th. CEO Jennifer Witz expressed confidence in Barry’s leadership to drive growth and value for shareholders.
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