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
Website
CEO
James Meyer
Employees
Location
Fiscal year end
Sector
Industry (SIC)
Former names
CD RADIO INC, SIRIUS SATELLITE RADIO INC, SIRIUS XM RADIO INC.
SEC CIK
Corporate docs
Subsidiaries
Sirius XM Radio Inc. • Automatic Labs Inc. • Satellite CD Radio LLC • Sirius XM Connected Vehicle Services Inc. • Sirius XM Connected Vehicle Services Holdings Inc. • SXM CVS Canada Inc. • XM 1500 Eckington LLC • XM Emall Inc. • XM Investment LLC • XM Radio LLC ...
IRS number
383916511
SIRI stock data
News

Looking Into Sirius XM's Recent Short Interest
8 Aug 22
Mark Zuckerberg's Latest NFT Play: Will It Be A Hit, Or A Swing And A Miss?
5 Aug 22
Sirius XM Holdings's Return on Invested Capital Overview
2 Aug 22
Benzinga's Top Ratings Upgrades, Downgrades For August 1, 2022
1 Aug 22
Pivotal Research Downgrades Sirius XM Holdings to Hold, Lowers Price Target to $7.1
1 Aug 22
Press releases
SiriusXM Reports Second Quarter 2022 Results
28 Jul 22
American Express and SiriusXM Bring Shop Small® on its First-Ever Concert Tour This Summer
18 Jul 22
SiriusXM Declares Quarterly Cash Dividend
14 Jul 22
SiriusXM to Report Second Quarter 2022 Financial and Operating Results
30 Jun 22
More than 425 SiriusXM Channels Now Available on Comcast's Entertainment Platforms
29 Jun 22
Analyst ratings and price targets
Current price
Average target
$7.03
Low target
$6.50
High target
$7.50
Pivotal Research
Downgraded
$7.10
Morgan Stanley
Maintains
$6.50
Citigroup
Maintains
$7.50
Calendar
28 Jul 22
9 Aug 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 134M | 134M | 134M | 134M | 134M | 134M |
Cash burn (monthly) | (no burn) | 83.17M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 111.19M | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 22.81M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 0.3 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Aug 22 | Patrick L Donnelly | Common Stock | Sell | Dispose S | No | No | 6.75 | 408,274 | 2.76M | 791,342 |
29 Jul 22 | Thomas D Barry | Common Stock | Payment of exercise | Dispose F | No | No | 6.525 | 301,210 | 1.97M | 418,664 |
29 Jul 22 | Thomas D Barry | Common Stock | Payment of exercise | Dispose F | No | No | 6.515 | 289,632 | 1.89M | 719,874 |
29 Jul 22 | Thomas D Barry | Common Stock | Payment of exercise | Dispose F | No | No | 6.51 | 102,467 | 667.06K | 1,009,506 |
29 Jul 22 | Thomas D Barry | Common Stock | Sell | Dispose S | No | No | 6.51 | 40,793 | 265.56K | 1,111,973 |
29 Jul 22 | Thomas D Barry | Common Stock | Option exercise | Acquire M | No | No | 5.74 | 108,764 | 624.31K | 1,152,766 |
29 Jul 22 | Thomas D Barry | Common Stock | Option exercise | Acquire M | No | No | 5.73 | 307,785 | 1.76M | 1,044,002 |
29 Jul 22 | Thomas D Barry | Common Stock | Option exercise | Acquire M | No | No | 5.86 | 317,025 | 1.86M | 736,217 |
29 Jul 22 | Thomas D Barry | Stock Option Common Stock | Option exercise | Dispose M | No | No | 5.74 | 108,764 | 624.31K | 217,530 |
29 Jul 22 | Thomas D Barry | Stock Option Common Stock | Option exercise | Dispose M | No | No | 5.73 | 307,785 | 1.76M | 0 |
Institutional ownership, Q1 2022
93.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 627 |
Opened positions | 71 |
Closed positions | 75 |
Increased positions | 198 |
Reduced positions | 178 |
13F shares | Current |
---|---|
Total value | 23.04B |
Total shares | 3.65B |
Total puts | 17.58M |
Total calls | 22.85M |
Total put/call ratio | 0.8 |
Largest owners | Shares | Value |
---|---|---|
BATRA Liberty Media Corp. | 3.21B | $20.13B |
BLK Blackrock | 70.93M | $469.55M |
Vanguard | 56.66M | $375.07M |
STT State Street | 28.18M | $186.57M |
Geode Capital Management | 17.42M | $115.22M |
GS Goldman Sachs | 14.81M | $98.07M |
NTRS Northern Trust | 13.11M | $86.78M |
Two Sigma Investments | 10.55M | $69.84M |
IVZ Invesco | 7.9M | $52.28M |
Victory Capital Management | 7.64M | $45.85M |
Financial report summary
?Risks
- We have been, and may continue to be, adversely affected by supply chain issues as a result of the global semiconductor supply shortage.
- The ongoing COVID-19 pandemic has introduced significant uncertainty to our business.
- We face substantial competition and that competition is likely to increase over time.
- If our efforts to attract and retain subscribers and listeners, or convert listeners into subscribers, are not successful, our business will be adversely affected.
- We engage in extensive marketing efforts and the continued effectiveness of those efforts is an important part of our business.
- We rely on third parties for the operation of our business, and the failure of third parties to perform could adversely affect our business.
- We may not realize the benefits of acquisitions or other strategic investments and initiatives.
- A substantial number of our Sirius XM service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be at retaining customers.
- Our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-sensitive consumers is uncertain.
- Our business depends in part upon the auto industry.
- Failure of our satellites would significantly damage our business.
- Our Sirius XM service may experience harmful interference from wireless operations.
- Our Pandora ad-supported business has suffered a substantial and consistent loss of monthly active users, which may adversely affect our Pandora business.
- Our failure to convince advertisers of the benefits of our Pandora ad-supported service could harm our business.
- If we are unable to maintain revenue growth from our advertising products our results of operations will be adversely affected.
- Changes to mobile operating systems and browsers may hinder our ability to sell advertising and market our services.
- If we fail to accurately predict and play music, comedy or other content that our Pandora listeners enjoy, we may fail to retain existing and attract new listeners.
- Privacy and data security laws and regulations may hinder our ability to market our services, sell advertising and impose legal liabilities.
- Consumer protection laws and our failure to comply with them could damage our business.
- Failure to comply with FCC requirements could damage our business.
- If we fail to protect the security of personal information about our customers, we could be subject to costly government enforcement actions and private litigation and our reputation could suffer.
- Interruption or failure of our information technology and communications systems could impair the delivery of our service and harm our business.
- The market for music rights is changing and is subject to significant uncertainties.
- Our Pandora services depend upon maintaining complex licenses with copyright owners, and these licenses contain onerous terms.
- The rates we must pay for “mechanical rights” to use musical works on our Pandora service have increased substantially and these rates may adversely affect our business.
- Failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights could substantially harm our business and operating results.
- Some of our services and technologies may use “open source” software, which may restrict how we use or distribute our services or require that we release the source code subject to those licenses.
- Rapid technological and industry changes and new entrants could adversely impact our services.
- We have a significant amount of indebtedness, and our debt contains certain covenants that restrict our operations.
- We are a “controlled company” within the meaning of the NASDAQ listing rules and, as a result, qualify for, and rely on, exemptions from certain corporate governance requirements.
- While we currently pay a quarterly cash dividend to holders of our common stock, we may change our dividend policy at any time.
- Our principal stockholder has significant influence, including over actions requiring stockholder approval, and its interests may differ from the interests of other holders of our common stock.
- If we are unable to attract and retain qualified personnel, our business could be harmed.
- Our facilities could be damaged by natural catastrophes or terrorist activities.
- The unfavorable outcome of pending or future litigation could have an adverse impact on our operations and financial condition.
- We may be exposed to liabilities that other entertainment service providers would not customarily be subject to.
- Our business and prospects depend on the strength of our brands.
Management Discussion
- Set forth below are our results of operations for the three and six months ended June 30, 2022 compared with the three and six months ended June 30, 2021. 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 June 30, 2022 and 2021, subscriber revenue was $1,588 and $1,508, respectively, an increase of 5%, or $80. For the six months ended June 30, 2022 and 2021, subscriber revenue was $3,170 and $2,989, respectively, an increase of 6%, or $181. The increases were primarily driven by increases of 7% and 8% in ARPU for the three and six month periods, respectively, as a result of higher self-pay revenue and U.S. Music Royalty Fees, partially offset by a decrease in paid promotional subscribers driving lower revenue generated from automakers offering paid promotional subscriptions.
Content analysis
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Readability |
H.S. freshman Good
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New words:
demonstrate, expedited, Florida, forcefully, foreclosed, Georgia, light, organization, precedent, removed, seasonally, SiriusXM, slightly, strong, upheld, validity
Removed:
assigned, baseline, Boeing, classification, commonly, feature, local, long, power, reduced, remeasured, representing
Financial reports
Current reports
8-K
SiriusXM Reports Second Quarter 2022 Results
28 Jul 22
8-K
Departure of Directors or Certain Officers
29 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
3 Jun 22
8-K
Other Events
29 Apr 22
8-K
SiriusXM Reports First Quarter Year 2022 Results
28 Apr 22
8-K
Entry into a Material Definitive Agreement
11 Apr 22
8-K
SiriusXM Reports Fourth Quarter and Full Year 2021 Results
1 Feb 22
8-K
Departure of Directors or Certain Officers
13 Dec 21
8-K
Entry into a Material Definitive Agreement
4 Nov 21
8-K
SiriusXM Reports Third Quarter 2021 Results
28 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
1 Feb 19
S-8 POS
Registration of securities for employees (post-effective amendment)
1 Feb 19
425
Business combination disclosure
26 Dec 18
424B3
Prospectus supplement
20 Dec 18
S-4/A
Registration of securities issued in business combination transactions (amended)
30 Nov 18
425
Business combination disclosure
19 Nov 18
S-4
Registration of securities issued in business combination transactions
31 Oct 18
425
Business combination disclosure
25 Sep 18
Proxies
DEFA14A
Additional proxy soliciting materials
18 Apr 22
DEFA14A
Additional proxy soliciting materials
20 Apr 21
DEFA14A
Additional proxy soliciting materials
21 Apr 20
DEFA14A
Additional proxy soliciting materials
22 Apr 19
DEF 14A
Definitive proxy
22 Apr 18
DEFA14A
Additional proxy soliciting materials
22 Apr 18
Other
EFFECT
Notice of effectiveness
21 Dec 18
CORRESP
Correspondence with SEC
18 Dec 18
CORRESP
Correspondence with SEC
18 Dec 18
UPLOAD
Letter from SEC
18 Dec 18
CORRESP
Correspondence with SEC
13 Dec 18
UPLOAD
Letter from SEC
9 Dec 18
CORRESP
Correspondence with SEC
29 Nov 18
UPLOAD
Letter from SEC
20 Nov 18
UPLOAD
Letter from SEC
7 Jun 16
CORRESP
Correspondence with SEC
10 May 16
Ownership
4
SIRIUS XM / PATRICK L DONNELLY ownership change
5 Aug 22
4
SIRIUS XM / Joseph A Verbrugge ownership change
1 Aug 22
4
SIRIUS XM / Scott Andrew Greenstein ownership change
1 Aug 22
4
SIRIUS XM / THOMAS D BARRY ownership change
1 Aug 22
3
SIRIUS XM / Joseph A Verbrugge ownership change
7 Jul 22
11-K
Annual report of employee stock purchases
17 Jun 22
4
SIRIUS XM / David Zaslav ownership change
7 Jun 22
4
SIRIUS XM / Kristina Salen ownership change
7 Jun 22
4
SIRIUS XM / Michael Rapino ownership change
7 Jun 22
4
SIRIUS XM / CARL E VOGEL ownership change
7 Jun 22
Patents
Utility
In-vehicle Contextual Promotions
30 Jun 22
Methods for in-vehicle contextual promotions are described herein.
Utility
Detecting Sensor-Based Interactions with Client Device in Conjunction with Presentation of Content
26 May 22
A content replacement system sends a content item with one or more content replacement parts to be consumed by a user of a client device.
Utility
Detecting sensor-based interactions with client device in conjunction with presentation of content
19 Apr 22
A content replacement system sends a content item with one or more content replacement parts to be consumed by a user of a client device.
Utility
System and method of personalizing playlists using memory-based collaborative filtering
21 Dec 21
Systems and methods are provided for personalizing new song suggestions for a user.
Utility
Selecting songs with a desired tempo
2 Nov 21
A media playlist is generated in which media items have a tempo matching a target tempo.
Transcripts
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
1 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
28 Apr 21
2020 Q4
Earnings call transcript
2 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
2019 Q4
Earnings call transcript
4 Feb 20
Reddit threads
Daily Discussion Thread - August 3rd, 2022
3 Aug 22
How long does it usually take to profit from dividends?
2 Aug 22
Good ol' Inverse Cramer strikes again
30 Jul 22
(7/28) Thursday's Pre-Market Stock Movers & News
28 Jul 22
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
What is the best investment you have ever made?
16 Jul 22
I didn’t know what a dividend trap was until after I bought Agnc. Can someone give me advice to make my portfolio better. It’s hella mid. (22M)
16 Jul 22