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.
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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.
SiriusXM and Pandora announce a performance by Nathaniel Rateliff & The Night Sweats at Tipitina's in New Orleans on November 13 as part of the Small Stage Series. The event follows the release of their new album, The Future, on November 5. Listeners can tune in to hear the concert live on The Spectrum (ch. 28) at 10 p.m. ET. Furthermore, a new six-episode show, Night Sweats Radio, featuring Rateliff, debuts on October 22. SiriusXM is also offering subscribers a chance to win tickets to the event.
Mike Krzyzewski, the legendary head coach of Duke University, will kick off the 17th season of his SiriusXM show, Basketball and Beyond with Coach K, on October 21 at 6:00 pm ET. The show will feature discussions on basketball and interviews with notable guests including Olympic swimmer Katie Ledecky. Throughout the season, new episodes will air every Thursday on SiriusXM channels 84 and 371. This season marks Krzyzewski's final year as head coach, capping a stellar career with 1,170 NCAA victories and five national championships.