Sirius XM Holdings Stock Price, News & Analysis

SiriusXM's Board of Directors declared a quarterly cash dividend of $0.0219615 per share, payable on February 25, 2022, to shareholders of record as of February 11, 2022. As a leading audio entertainment provider in North America with approximately 150 million listeners, SiriusXM operates various platforms, including Pandora, Stitcher, and SXM Media. The company continues to engage in extensive marketing efforts and leverage its scale to enhance subscriber retention and attract new clients.

SiriusXM and Pandora announced a live performance by GRAMMY-winning artist John Mayer at the Hollywood Palladium on February 9, 2022, as part of the Small Stage Series. Hosted by Andy Cohen, the concert will feature songs from Mayer's latest album Sob Rock and fan favorites. SiriusXM subscribers can RSVP for the free event, which will be broadcast live on various channels. Additionally, Pandora listeners can attend a virtual event on February 12, including a Q&A with Mayer. Health protocols will be followed to ensure attendee safety.

The PGA TOUR and SiriusXM have announced a multi-year extension of their broadcasting agreement, ensuring extensive coverage of PGA TOUR events through 2024. SiriusXM PGA TOUR Radio will provide live coverage of 38 events each season, including major championships and special tournaments. The partnership enhances SiriusXM's offering of golf content, featuring original programming and expert commentary from former TOUR players. Fans can listen via the SiriusXM app or on channel 92 in their vehicles. This agreement strengthens SiriusXM's position in sports audio entertainment.

SiriusXM Holdings Inc. (NASDAQ: SIRI) announced the acquisition of Cloud Cover Media, Inc., enhancing its portfolio in commercial music services. Cloud Cover Media, which specializes in music for businesses, offers an intuitive platform that allows organizations to customize audio experiences, ensuring compliance with licensing. This acquisition aims to strengthen SiriusXM's offerings alongside existing services like SiriusXM Music for Business and Pandora for Business. The Cloud Cover team, led by VP Mark Lehman, will continue to operate under SiriusXM.

SiriusXM plans to announce its fourth quarter and full-year 2021 financial results on February 1, 2022, at 8:00 am ET. A conference call will follow to discuss these results, accessible via the company’s website. SiriusXM is the leading audio entertainment company in North America, reaching approximately 150 million listeners. The company operates SiriusXM, Pandora, Stitcher, Simplecast, and AdsWizz, making it a significant player in audio products and advertising.

SiriusXM is launching a limited-run David Bowie Channel from January 4 to January 18, 2022, to honor the singer's 75th birthday on January 8. The channel will feature Bowie's music, live concert tracks, remixes, and celebrity guest DJs sharing their favorite Bowie songs. Listeners can also enjoy popular covers of Bowie’s tracks and a countdown of his top 75 songs. The channel will be available on channel 104 for two weeks and will stream online throughout January on the SXM App.

SiriusXM has finalized a multi-year agreement with YMH Studios, a podcast network founded by comedians Tom Segura and Christina P. This partnership will integrate YMH's staff into SiriusXM's subsidiary, Stitcher, allowing for continued production of popular shows like Your Mom's House. The deal aims to enhance content development across multiple platforms, with YMH shows also set to become ad-free on Stitcher Premium by January 1. SiriusXM's acquisition of YMH follows other notable podcast expansions, reinforcing its position in the competitive audio entertainment market.

Sirius XM Radio made a $5 million donation to the Apollo Theater, recognizing their ongoing relationship since 2010. This funding aims to support the Apollo's mission to highlight Black artists and enhance audience access. In appreciation, the Apollo will name its Orchestra Level the SiriusXM Orchestra. This donation assists the Apollo as it prepares for its winter/spring 2022 season, featuring programs that celebrate African Diaspora artistry. SiriusXM's involvement includes exclusive performances at the Apollo featuring big names like Lady Gaga and Coldplay.

SiriusXM has introduced a new benefit for its Platinum VIP subscribers, offering 12 months of free Apple Music. This plan includes access to over 90 million songs, spatial audio, and exclusive content. The Platinum VIP subscription also provides access to 5000 live concert recordings and additional streaming services. SiriusXM plans to launch another offer for up to six months of Apple Music free with qualifying subscriptions in early 2022. The initiative aims to enhance value for subscribers while expanding content options, as the company continues to grow its digital audio audience.