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. reports developments across its North American audio entertainment portfolio, including the flagship SiriusXM satellite and streaming subscription service, Pandora streaming services, a podcast network, and business and advertising solutions. Company news commonly covers operating and financial results, subscriber and advertising trends, programming across music, talk, news, and sports, and distribution through vehicles and streaming platforms.
Updates also include board-declared cash dividends, debt financing activity at Sirius XM Radio LLC, tender offers for senior notes, and advertising sales relationships handled through SiriusXM Media. These releases connect the company's subscription audio, ad-supported streaming, podcast, and advertising businesses with its capital-allocation and balance-sheet actions.
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.
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.