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.
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.
SiriusXM's Board of Directors declared a quarterly cash dividend of $0.0219615 per share, payable on August 31, 2022, to stockholders of record as of August 5, 2022. The company, a leader in North America's audio entertainment industry, reaches approximately 150 million listeners. SiriusXM's subsidiaries, including Pandora, enhance its market position across subscription and ad-supported audio services. The press release emphasizes the company’s growth strategy amidst competitive and economic challenges, including ongoing supply chain issues.
SiriusXM (NASDAQ: SIRI) will announce its second quarter 2022 financial results on July 28, 2022, with an investor call at 8:00 a.m. EDT. CEO Jennifer Witz and CFO Sean Sullivan will host the call. Interested participants can join via telephone or access a webcast on the SiriusXM investor relations website. SiriusXM remains a leader in audio entertainment, reaching approximately 150 million listeners in North America, with offerings including music, sports, talk, and podcasts.
SiriusXM has announced that its SXM App is now accessible to Comcast customers via Xfinity X1, Xfinity Flex, and XClass TV. This integration offers over 425 channels, including exclusive content from Howard Stern, ad-free music, podcasts, and more. Eligible Comcast users can enjoy a free 3-month subscription to SiriusXM. Future updates to the app will introduce SiriusXM Video, featuring over 11,000 exclusive performances and interviews. The partnership aims to enhance the home entertainment experience for millions of Comcast subscribers.
SiriusXM announced that CEO Jennifer Witz will present at the Credit Suisse 24th Annual Communications Conference on June 14, 2022, at 12:45 pm ET. Investors can access the presentation via the Investor Relations section of the company's website. SiriusXM is a leading audio entertainment company in North America, reaching approximately 150 million listeners and offering various audio products, including music, sports, and podcasts. For more details, visit www.siriusxm.com.
SiriusXM has announced a collaboration with MasterClass to launch MasterClass Hour, allowing listeners to access MasterClass programming in their cars and homes. The program will air on SiriusXM Stars and Business Radio, featuring lessons from notable instructors like Hillary Rodham Clinton, Bob Iger, and Steve Martin. MasterClass Hour begins May 27, 2022, with additional content available on the SXM App and a limited-run channel set for September 1-15, 2022. This expansion aims to enhance user engagement.
SiriusXM will broadcast live coverage of the 106th Indianapolis 500 on May 29, 2022, featuring exclusive pre-race programming and race commentary. Listeners can tune in starting at 11:00 am ET on SiriusXM INDYCAR Nation (channel 160). Helio Castroneves competes for a historic fifth victory, driving the No. 06 AutoNation/SiriusXM Honda for Meyer Shank Racing. Additionally, SiriusXM will offer special programming, including the 'Brick by Brick' show and the 'Off Track with Hinch and Rossi' podcast, enhancing the race experience for fans.
Stitcher, in collaboration with Rococo Punch and Room Tone, announced the launch of a new reality podcast series, Welcome to Provincetown, set to premiere on June 15. The series, hosted by award-winning documentarian Mitra Kaboli, explores the lives of seven residents in the LGBTQ-friendly town of Provincetown, MA. This ten-episode series combines reality TV and audio storytelling, showcasing the dynamics of the summer community that balloons from 3,000 to 60,000. SXM Media will handle global advertising sales for the podcast, adding to Stitcher's portfolio of original content.
FAQ
What is the current stock price of Sirius XM Holdings (SIRI)?
What is the market cap of Sirius XM Holdings (SIRI)?
What is Sirius XM Holdings Inc.?
What services does SiriusXM provide?
What is Pandora?
Who owns Sirius XM Holdings Inc.?
How many subscribers does SiriusXM have?
Can I personalize my listening experience on SiriusXM?
What recent developments have been reported by SiriusXM?
Where can I find financial results for SiriusXM?
When will SiriusXM's new streaming app be available?
How many listeners does SiriusXM reach each month?
