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 described in its own news releases as the leading audio entertainment company in North America, with a portfolio that includes the SiriusXM subscription entertainment service, Pandora’s ad-supported and premium music streaming services, an expansive podcast network, and a suite of business and advertising solutions. Company announcements highlight that these platforms together reach a combined monthly audience in the range of approximately 160 million to 170 million listeners.
This news page aggregates SIRI news so readers can follow how the company communicates about its operations, strategy, and capital decisions. Regular press releases cover topics such as quarterly and full-year operating and financial results, with announcements specifying the dates of earnings releases and investor conference calls. These updates provide insight into the company’s performance and management’s commentary on its audio businesses.
Investors and followers can also find news about dividend declarations, where SiriusXM’s Board of Directors announces regular quarterly cash dividends on its common stock, as well as updates on leadership and governance changes, including appointments of executive officers and independent directors. Additional releases describe participation in investor conferences and presentations by senior executives.
Because Sirius XM operates across satellite radio, streaming music, podcasts, and advertising solutions, its news flow often touches on audience reach, content mix across music, talk, news, and sports, and risk factors and outlook statements included in its communications. This page offers a centralized view of those company-issued updates, making it easier to review past announcements and monitor new SIRI news as it is released.
SiriusXM and Pandora announced a live concert featuring country star Thomas Rhett on June 7, 2022, at Nashville's Marathon Music Works. Subscribers can RSVP for the event, which will showcase songs from his new album Where We Started. Rhett expressed excitement for the performance, part of his promotional activities ahead of his BRING THE BAR TO YOU TOUR. The concert will be streamed on SiriusXM's The Highway and will include an opening act by Conner Smith, along with various event activations. Health protocols will be observed to ensure safety.
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.
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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.
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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.