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 is set to launch the exclusive channel Whole Lotta Red Hot on April 1, featuring the iconic band Red Hot Chili Peppers. This channel will coincide with the release of their new album, Unlimited Love, and will include exclusive commentary from the band. Subscribers will enjoy a curated selection of music from the band's extensive career, as well as monthly classic live concert broadcasts. In a special event, the band will perform at the Apollo Theater later this year for SiriusXM subscribers and Pandora listeners.
SiriusXM has launched a new streaming channel dedicated to the Freakonomics Radio Network, making it the first channel solely for a podcast. Available through the SXM App, this channel features curated episodes from the hit Freakonomics Radio podcast and selections from other shows like No Stupid Questions and Freakonomics, M.D.. The channel showcases over 500 episodes, including classics and new programs. Freakonomics Radio continues to grow rapidly, setting a listenership record of over 10 million monthly listeners.
SiriusXM has announced a multi-platform agreement with Crooked Media, granting SXM Media exclusive global advertising rights for Crooked's popular podcasts, including Pod Save America and Lovett or Leave It. This agreement, effective May 2022, extends through the 2024 election cycle, allowing SiriusXM to leverage its 32 million subscribers to expand the audience for these podcasts. Crooked Media will maintain editorial control and aims to invest in new shows, enhancing its podcast offerings which currently generate over 21 million monthly downloads.
SiriusXM has announced the launch of Basic!, a new podcast series hosted by Doug Herzog and Jen Chaney, debuting on May 18. The show will explore the transformation of cable television, featuring interviews with notable guests such as Jimmy Kimmel and Amy Schumer. Basic! aims to highlight the significant impact of cable TV on American pop culture over the past 40 years. Episodes will be available on various platforms, including SiriusXM's Volume channel, as well as streaming services like Stitcher and Pandora.
SiriusXM has announced the addition of prominent sports broadcasters Mike Tirico, Curtis Strange, Suzy Whaley, and Steve Melnyk to its team for the 2022 Masters Tournament, occurring from April 7-10. Tirico will serve as the lead play-by-play voice, while Strange and Melnyk will provide analysis. Whaley joins as an on-course reporter and analyst for the Augusta National Women's Amateur. This enhanced team aims to deliver high-quality coverage of the highly anticipated event, highlighting SiriusXM's commitment to providing top-notch sports broadcast experiences.
SiriusXM announces the launch of a new audio docu-series, Concerts of Change: The Soundtrack of Human Rights, hosted by Bob Crawford from The Avett Brothers. The series will debut on March 22 and delve into the influential benefit concerts of the 1970s to 1990s, featuring interviews with notable figures such as Bono and George W. Bush. The show aims to highlight how music and activism shaped human rights discussions, airing bi-weekly on SiriusXM's Volume channel 106 with bonus content available on the SXM App.
SiriusXM has launched The Joni Mitchell Channel, celebrating the iconic artist during Women's History Month. The channel began on March 16, 2022, and will run until April 14, 2022. Listeners can access the channel on the SXM App and via satellite. This initiative coincides with Joni Mitchell being honored as Person of the Year by MusiCares on April 1. The channel features her music, including rare recordings, and highlights guest hosts sharing stories about her influence in music. SiriusXM aims to enhance listener experience with this exclusive content.
SiriusXM (NASDAQ: SIRI) has signed an exclusive distribution and sales agreement with reVolver Podcasts, a leading multicultural audio content creator in the U.S. This deal grants SXM Media exclusive global ad sales rights for reVolver's extensive lineup, which includes notable Spanish-language podcasts. Additionally, Stitcher will distribute reVolver content across major podcast platforms. The partnership supports SiriusXM's commitment to diverse programming and enhances its podcast advertising ecosystem, which reaches approximately 150 million listeners across various platforms.
SiriusXM announced that Sean Sullivan, the Chief Financial Officer, will present at Deutsche Bank's 30th Annual Media, Internet & Telecom Conference on March 15, 2022, at 1:20 pm ET. The presentation will be webcasted live on the company's Investor Relations site. SiriusXM is North America's leading audio entertainment company, reaching approximately 150 million listeners across its platforms, including Pandora and others.
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?
