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 its coverage of the 2022 PGA Championship from May 19-22 at Southern Hills Country Club in Tulsa, Oklahoma. Co-produced with Westwood One, the coverage includes live play-by-play, pre-and post-round shows, and exclusive analysis by golf legends like Juli Inkster and Fred Couples. Subscribers can tune in via SiriusXM channels and the SXM App. The broadcast will also feature hosts such as Brian Katrek and John Cook, offering comprehensive insights and live updates throughout the event.
SiriusXM announced the appointment of Jessica Casano-Antonellis as the new Senior Vice President and Head of Communications. Reporting to Denise Karkos, she will oversee all communications functions, enhancing the company’s strategic communications and brand reputation. Jessica brings extensive experience from The Walt Disney Company, where she led communications for streaming services including Disney+ and ESPN+. She succeeds Patrick Reilly, who leaves after 17 years. This leadership change aims to strengthen SiriusXM’s narrative as a leader in audio entertainment.
SiriusXM has launched a feature that allows BMW drivers to create personalized Pandora Stations in vehicles equipped with SiriusXM with 360L radios. This new feature, available on 2021 and later models, enables users to customize ad-free music channels by providing feedback on songs. BMW owners enjoy a 12-month subscription to the SiriusXM Platinum Plan, offering access both in-car and via the SXM App. This innovation enhances the in-vehicle audio experience, marking a significant technological advancement for SiriusXM and BMW.
SiriusXM's Stitcher will launch a new podcast series titled Podcrushed, hosted by Penn Badgley, Nava Kavelin, and Sophie Ansari, starting May 18, 2022. The podcast aims to explore adolescence's awkwardness and self-discovery, featuring stories from listeners and celebrity guests like Amy Schumer and Drew Barrymore. With SXM Media handling global ad sales, Podcrushed taps into Stitcher's growing podcast audience, enhancing SiriusXM's position in the audio entertainment sector.
SiriusXM is set to host a special concert featuring Def Leppard on May 26 at Whisky a Go Go, celebrating their new album, Diamond Star Halos, releasing the next day. The performance will be exclusive to SiriusXM listeners and will air on Def Leppard Radio and Howard Stern's Howard 101 on May 27. The Stadium Tour with Mötley Crüe begins on June 16, covering 36 cities. The new radio channel will explore the band's 40-year legacy and feature guest hosts.
SiriusXM announces a new podcast titled Crypto Café With Randi Zuckerberg, hosted by entrepreneur and best-selling author Randi Zuckerberg. Launched on May 2, 2022, the podcast aims to simplify the complex world of cryptocurrency through engaging discussions with metaverse experts and business leaders. The show focuses on making crypto accessible, especially for women and non-binary individuals, highlighting industry insights and NFT projects. Listeners can find the podcast on major platforms including the SXM App and Pandora.
SiriusXM reported a first-quarter 2022 revenue of $2.19 billion, up 6% year-over-year, with a net income of $309 million and diluted EPS of $0.08. Adjusted EBITDA increased by 1% to $690 million. The company returned $1.3 billion to stockholders through dividends and stock buybacks. The subscriber count reached 34 million, with a churn rate of 1.6%. Despite supply constraints in the automotive sector impacting new subscriber growth, the firm reaffirmed its year-end guidance for subscribers and financial metrics.
SiriusXM and Audio Up are launching two new original scripted podcasts, Make It Up As We Go: Season 2 and Sonic Leap, premiering on May 3. The former continues the story of Charlotte Sayles, a young country singer aiming for fame, while the latter tells a fictional backstory of the band Hero the Band. A sneak preview will be available on SiriusXM's Volume Channel on May 2. The collaboration is expected to enhance SiriusXM's podcast production and promotional capabilities, leveraging its vast audience reach.
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