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SIRI Sirius XM

Sirius XM Holdings Inc. is the leading audio entertainment company in North America, and the premier programmer and platform for subscription and digital advertising-supported audio products. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the U.S. SiriusXM and Pandora's properties reach more than 150 million listeners, the largest addressable audience in the U.S., across all categories of digital audio - music, sports, talk, and podcasts. SiriusXM's acquisitions of Stitcher and Simplecast, alongside industry-leading ad tech company AdsWizz, make it a leader in podcast hosting, production, distribution, analytics and monetization. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment businesses, SiriusXM offers connected vehicle services to automakers.

Company profile

Ticker
SIRI
Exchange
CEO
James Meyer
Employees
Location
Fiscal year end
Former names
CD RADIO INC, SIRIUS SATELLITE RADIO INC, SIRIUS XM RADIO INC.
SEC CIK
IRS number
383916511

SIRI stock data

(
)

Calendar

28 Apr 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Sirius XM earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 67M 67M 67M 67M 67M 67M
Cash burn (monthly) 5.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 20.71M n/a n/a n/a n/a n/a
Cash remaining 46.29M n/a n/a n/a n/a n/a
Runway (months of cash) 8.7 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 21 James E Meyer Common Stock Payment of exercise Dispose F No No 7.21 1,914,323 13.8M 1,812,243
9 Jun 21 James E Meyer Common Stock Sell Dispose S No No 7.111 585,677 4.16M 3,726,566
9 Jun 21 James E Meyer Common Stock Option exercise Aquire M No No 3.9 2,500,000 9.75M 4,312,243
9 Jun 21 James E Meyer Stock Option Common Stock Option exercise Dispose M No No 3.9 2,500,000 9.75M 3,779,313
9 Jun 21 Patrick L Donnelly Common Stock Payment of exercise Dispose F No No 6.955 1,496,549 10.41M 619,619
9 Jun 21 Patrick L Donnelly Common Stock Option exercise Aquire M No No 4.61 1,807,549 8.33M 2,116,168
9 Jun 21 Patrick L Donnelly Stock Option Common Stock Option exercise Dispose M No No 4.61 1,807,549 8.33M 0
4 Jun 21 James E Meyer Common Stock Grant Aquire A No No 0 27,048 0 1,812,243
4 Jun 21 Evan Daniel Malone Common Stock Grant Aquire A No No 0 27,048 0 136,616
4 Jun 21 Maffei Gregory B Common Stock Grant Aquire A No No 0 27,048 0 505,188

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 617 654 -5.7%
Opened positions 67 109 -38.5%
Closed positions 104 76 +36.8%
Increased positions 169 197 -14.2%
Reduced positions 227 183 +24.0%
13F shares
Current Prev Q Change
Total value 3.43B 4.03B -15.0%
Total shares 562.52M 632.62M -11.1%
Total puts 6.47M 5.23M +23.9%
Total calls 13.07M 10.55M +23.9%
Total put/call ratio 0.5 0.5 -0.1%
Largest owners
Shares Value Change
BLK Blackrock 87.12M $530.56M -3.3%
Vanguard 64M $389.74M -17.1%
BRK.A Berkshire Hathaway 43.66M $265.88M -12.7%
STT State Street 28.39M $172.88M -2.8%
DSM Capital Partners 27.94M $170.16M -25.7%
Arrowstreet Capital, Limited Partnership 20.54M $125.12M +94.9%
Geode Capital Management 18.55M $112.93M +2.9%
Nordea Investment Management Ab 10.94M $67.43M +6.9%
Zimmer Partners 10.6M $64.55M -25.1%
GS Goldman Sachs 10.47M $63.75M -2.0%
Largest transactions
Shares Bought/sold Change
Vanguard 64M -13.17M -17.1%
Norges Bank 0 -12.04M EXIT
Arrowstreet Capital, Limited Partnership 20.54M +10M +94.9%
DSM Capital Partners 27.94M -9.66M -25.7%
Eagle Asset Management 278K -6.64M -96.0%
BRK.A Berkshire Hathaway 43.66M -6.34M -12.7%
Carillon Tower Advisers 0 -5.56M EXIT
Schroder Investment Management 5.33M +5.33M NEW
Two Sigma Investments 0 -4.56M EXIT
KCL Capital 0 -4.25M EXIT

Financial report summary

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Management Discussion
  • Set forth below are our results of operations for the three months ended March 31, 2021 compared with the three months ended March 31, 2020. The results of operations are presented for each of our reporting segments for revenue and cost of services and on a consolidated basis for all other items.
  • Sirius XM Subscriber Revenue includes fees charged for self-pay and paid promotional subscriptions, U.S. Music Royalty Fees and other ancillary fees.
  • For the three months ended March 31, 2021 and 2020, subscriber revenue was $1,481 and $1,457, respectively, an increase of 2%, or $24. The increase was primarily driven by growth in our self-pay subscriber base driving higher self-pay revenue and U.S. Music Royalty Fees, partially offset by lower revenue generated from automakers offering paid promotional subscriptions.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
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