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 reported its fourth-quarter and full-year 2020 financial results, showcasing a revenue increase of 6% to $2.19 billion and 3% to $8.04 billion year-over-year. However, the company incurred a net loss of $677 million in Q4, largely due to a $976 million non-cash impairment charge related to Pandora. Despite this, adjusted EBITDA rose to $2.58 billion, marking a 6% increase from 2019. SiriusXM ended 2020 with nearly 30.9 million self-pay subscribers and announced a 10% dividend increase. 2021 guidance predicts 800,000 net subscriber additions, $8.35 billion in revenue, and $2.575 billion in adjusted EBITDA.
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SiriusXM introduces new limited-engagement channels as part of SiriusXM Celebrates Black History Month, running from February 1 through March 1. Channels honoring Aretha Franklin, Jimi Hendrix, Miles Davis, and Motown will feature unique programming available on the SiriusXM app and select satellite channels. The Aretha Franklin Channel, Jimi Hendrix Experience Channel, Miles Davis Radio, and The Motown Channel will spotlight influential artists and their music. Additionally, Pandora will launch a new Wake Up! Mode celebrating Black artists. For more details, visit siriusxm.com/black-history-month.
SiriusXM announced a quarterly cash dividend of $0.014641 per share, payable on February 26, 2021, to stockholders of record as of February 10, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders. SiriusXM continues to lead in the audio entertainment industry in North America, reaching over 150 million listeners through its various platforms, including Pandora. This dividend demonstrates financial stability amidst challenges posed by competition and the pandemic.
SiriusXM has partnered with Laugh Out Loud, the comedy brand founded by Kevin Hart, to launch three new original programs, including Hart's debut podcast, Inside Jokes. The podcast, featuring guests like Jerry Seinfeld, started airing on January 27, 2021, at 8:00 PM ET. Along with Inside Jokes, two additional shows, The Ladies Room and Date Night, also premiered, aiming to diversify SiriusXM's comedy content. This initiative reflects Laugh Out Loud's commitment to expanding its audio offerings across various platforms.
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SiriusXM and Foo Fighters have announced the launch of 'Foo Fighters Radio,' a limited-engagement channel starting on February 3. The channel features exclusive programming, including a live concert Foo Fighters LIVE from the SiriusXM Garage on February 5, coinciding with their new album Medicine At Midnight. Foo Fighters Radio will also showcase special commentary from band members and insights into their music. This initiative aims to attract more listeners and enhance subscriber engagement through unique content offered on SiriusXM's platform.
SiriusXM has expanded its agreement with the NBA to enhance streaming rights starting with the 2020-21 season. The deal allows SiriusXM Premier Streaming Package subscribers access to live audio broadcasts for every NBA game and a dedicated NBA Radio channel, offering 24/7 coverage. Subscribers can access 30 additional play-by-play channels for each team through the SiriusXM app and website. New customers can take advantage of a promotional offer for the Premier Streaming Package for $1 for the first three months. This move strengthens SiriusXM's position in sports audio entertainment.
SiriusXM reported a strong finish to 2020, adding 909,000 net self-pay subscribers to reach approximately 30.9 million self-pay subscribers, exceeding its guidance. For 2021, the company projects 800,000 net subscriber additions, $8.35 billion in total revenue, $2.575 billion adjusted EBITDA, and $1.6 billion in free cash flow. However, an impairment of approximately $1.0 billion related to the Pandora unit is anticipated, primarily due to royalty costs. The company plans to release its full-year 2020 results on February 2, 2021.
SiriusXM has launched the SportsGrid Radio Channel on Channel 204, providing subscribers with 24/7 access to real-time sports news, statistics, and analysis. This partnership allows listeners to enjoy live coverage across various sports, hosted by personalities like Scott Ferrall and Ariel Epstein. The channel also features a lineup of programs including The Early Line and In Play Sports Tonight. The launch emphasizes SiriusXM's commitment to enhancing its sports content portfolio.