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 announces the launch of ABBA Radio, debuting on November 5, 2021, via satellite on channel 54 and the SXM App. This limited-run channel celebrates ABBA's first new studio album in 40 years, Voyage, also releasing on the same day. The channel will feature classic hits and new music, along with personal insights from ABBA members. Available until November 14 via satellite and December 4 on the app, ABBA Radio aims to engage the group's global fanbase while commemorating their influential music legacy.
SiriusXM has unveiled its largest holiday music lineup to date, featuring 19 ad-free channels including two new additions, Holiday Instrumentals and Noël Incontournable. The selection encompasses traditional and contemporary holiday songs across various genres, available on the SXM App. Noteworthy channels include Holly, Holiday Traditions, and Holiday Soul, all accessible through December 26. The initiative aims to enhance the festive listening experience for SiriusXM's approximately 150 million listeners across North America.
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SiriusXM and Pandora announce that country artist Jason Aldean will perform in the Small Stage Series on November 12 at Nashville's Marathon Music Works. This series showcases performances from top artists across various genres in intimate venues and launched in August. Aldean, the most-streamed country artist on Pandora, will have new tracks from his upcoming album MACON released on the same day. The event will be hosted by Storme Warren from The Highway, with live broadcasting at 8:00 pm CT. Attendees must adhere to health protocols.
SiriusXM reported robust Q3 2021 financial results, with revenue reaching $2.20 billion, a 9% increase year-over-year. Net income soared to $343 million compared to $272 million in Q3 2020, with diluted earnings per share rising to $0.08. The company added a record 616,000 self-pay subscribers, surpassing its full-year guidance of 1.1 million. Adjusted EBITDA also grew by 9% to $719 million. Despite a drop in paid promotional subscribers, overall subscriber growth and advertising revenue, especially at Pandora, remain strong, cementing a positive outlook for SiriusXM.
SiriusXM's subsidiary Stitcher has signed a multi-year agreement to host The Ed Mylett Show, a leading business podcast with over 90 million downloads. New episodes will be available from November 2, 2021. The show features interviews with peak performers across various industries, offering insights and motivation. This collaboration enhances Stitcher's podcast network, which recently included notable acquisitions. Additionally, Stitcher ranked #1 in Triton Digital's U.S. Network Report for several months, underscoring its leading position in the podcasting industry.
Jaguar Land Rover North America and SiriusXM announced the New Range Rover will feature SiriusXM with 360L as a standard feature, enhancing in-car audio experiences. Deliveries will begin in Spring 2022, marking the first vehicle from Jaguar and Land Rover to include this technology. By model year 2023, all vehicles with the PIVI Pro infotainment system will have this capability. SiriusXM with 360L combines satellite and streaming services, offering extensive content and personalization options, enhancing the driving experience.
SiriusXM (NASDAQ: SIRI) has inked a multi-year agreement with Audiochuck, granting exclusive global ad sales rights for popular podcasts including Crime Junkie and others. Audiochuck, helmed by Ashley Flowers, aims to use this partnership to enhance content development and reach broader audiences. SXM Media will manage advertising sales through its platforms, including Stitcher and Pandora. The collaboration intends to leverage SiriusXM's extensive audience reach to amplify impactful storytelling and advocacy related to true crime narratives.
SiriusXM has declared a quarterly cash dividend of $0.0219615 per share, marking a 50% increase over the previous quarter. The dividend is payable on November 29, 2021 to stockholders of record by November 5, 2021. This increase reflects the company’s confidence in generating significant free cash flow. Additionally, SiriusXM continues to aggressively invest in growth initiatives and has a total of $18 billion authorized for stock repurchases, aiming to maintain flexibility while returning capital to shareholders.
SiriusXM announced a special concert featuring 15-time GRAMMY winner Alicia Keys at the Apollo Theater on November 11, 2021, for subscribers and Pandora listeners. This intimate performance is part of the Small Stage Series and will showcase her hits and new music from her upcoming album. The concert will air on SiriusXM's Heart & Soul channel on November 16 and on Alicia Keys Radio on December 10. The performance highlights SiriusXM's commitment to exclusive live events while maintaining health protocols for safety.