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) announced a quarterly cash dividend of $0.0242 per share, set for payment on February 24, 2023. Stockholders on record as of the close of business on February 9, 2023 will receive this dividend. SiriusXM is North America's leading audio entertainment company, offering diverse content across music, talk, news, and sports to approximately 150 million listeners monthly. This dividend declaration reflects the company's commitment to returning value to shareholders.
SiriusXM Holdings Inc. (NASDAQ: SIRI) is set to release its fourth quarter and full year 2022 financial results on February 2, 2023, at 8:00 a.m. ET. A conference call will follow, hosted by CEO Jennifer Witz and CFO Sean Sullivan. Investors can join via telephone using the numbers 877.407.4019 (toll-free) or +1 201.689.8337 (local). The presentation will also be available as a webcast on the Investor Relations section of the SiriusXM website. SiriusXM, a leading audio entertainment company in North America, offers a diverse range of audio services.
Maxar Technologies (NYSE:MAXR) has announced a new contract with SiriusXM (NASDAQ:SIRI) to build two additional geostationary communications satellites, SXM-11 and SXM-12, increasing the spacecraft in development for SiriusXM to four. This builds on the previous agreement for SXM-9 and SXM-10. The new satellites will enhance SiriusXM's service offerings and customer experience, contributing to a robust satellite fleet. Maxar's ongoing partnership with SiriusXM reflects its commitment to advanced satellite technology.
SiriusXM announced that Jennifer Witz, CEO, will present at the 2022 Liberty Media Investor Day on November 17, 2022, at 10:30 am ET. The event can be accessed via a webcast on SiriusXM's Investor Relations website.
SiriusXM, trading under SIRI, is a leading audio entertainment company in North America, reaching approximately 150 million listeners across various platforms, including Pandora. The company provides music, sports, podcasts, and more, while also offering connected vehicle services to automakers.
SiriusXM reported $2.28 billion in revenue for Q3 2022, a 4% increase year-over-year, with net income at $247 million and diluted EPS of $0.06. Adjusted EBITDA remained steady at $720 million. The company added 187,000 self-pay subscribers, totaling 32.2 million, while its total subscriber count was 34.2 million. SiriusXM announced a 10% increase in its quarterly dividend, bringing year-to-date capital returns to stockholders to $1.8 billion. Despite growth, the company remains cautious regarding advertising market trends impacting future guidance.
Lucid Group and SiriusXM announced that SiriusXM's audio entertainment will be standard in all Lucid vehicles, with a free 3-month trial for new and existing owners. The beta version is set to launch soon, aiming for full implementation in 2023. Lucid Air owners will gain access to hundreds of channels, podcasts, and personalized recommendations. This adds significant value to the user experience in Lucid's luxury electric vehicles, enhancing its technology-driven features.
SiriusXM (NASDAQ: SIRI) will announce its Q3 2022 financial results on November 1, 2022, at 8:00 a.m. EDT. The call will be hosted by CEO Jennifer Witz and CFO Sean Sullivan. A webcast will be available on the Investor Relations section of their website. Investors can join the call by dialing 866-580-3963 or +1-786-697-3501 five minutes before it starts. SiriusXM is North America's leading audio entertainment company, reaching about 150 million listeners across various platforms.
SiriusXM announced that CEO Jennifer Witz will present at the Bank of America Media, Communications & Entertainment Conference on September 7, 2022, and CFO Sean Sullivan will present at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022. A webcast of both presentations will be accessible via the SiriusXM Investor Relations website. SiriusXM, listed under the ticker SIRI, serves approximately 150 million listeners in North America across its audio platforms.
SiriusXM reported Q2 2022 revenue of $2.25 billion, a 4% increase year-over-year. Net income fell to $292 million, down from $433 million in the previous year, with diluted EPS at $0.07. Adjusted EBITDA decreased by 3% to $679 million. The company returned $1.6 billion to shareholders year-to-date and anticipates positive self-pay net subscriber additions for the full year. Subscriber metrics showed modest growth in self-pay subscribers but a decrease in overall active users for Pandora.
American Express (AXP) is partnering with SiriusXM for the 'Small Stage Series' to promote local businesses through live performances in five U.S. cities this summer. The initiative includes a $30 gift card incentive for eligible Card Members at participating small businesses. A recent survey indicates that shopping small could contribute up to $793 billion to the economy this summer. Despite inflation concerns, 77% of small business owners are optimistic about sales, with 62% expecting higher revenues compared to last year.
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