Worried investors are pricing in far more fear than is merited of the ever-evolving audio entertainment company.Down more than 60% from their 2018 peak and still within sight of the 12-year low reached earlier this month, the idea of scooping up shares of Sirius XM Holdings (SIRI -1.11%) at this time is more than a little daunting. It's tantamount to catching a falling knife -- something you typically don't even want to attempt due to the obvious danger.And yet, there's actually a three-pronged bullish case ...

NASHVILLE, TENNESSEE - JUNE 06: (L-R) Krista Slaubaughof and Kendra Slaubaugh of Tigirlily Gold ... [+] attend Day 1 of SiriusXM's The Music Row Happy Hour Live on The Highway at Margaritaville on June 06, 2024 in Nashville, Tennessee. (Photo by Jason Davis/Getty Images for SiriusXM)Getty Images for SiriusXMAfter a 53% fall since the beginning of the year, at the current price of nearly $3 per share, we believe Sirius XM stock (NASDAQ: SIRI), a leading provider of satellite radio, could see growth in the lo ...

Sirius XM (SIRI) has been constantly investing to expand its content. This constant expansion of content has been a major positive for the company.In the first quarter of 2024, SiriusXM significantly expanded its content lineup with the successful debut of the exclusive series, This Life of Mine, hosted by James Corden. It featured interviews with high-profile celebrities, such as Kim Kardashian and Dr. Dre.The company intends to build on the success with a multi-year collaboration to produce a new podcast ...

Sirius XM hit an 11-year low on Tuesday. Things should get better from here.Sirius XM Holdings (SIRI -0.39%) hit another brutal multiyear low on Tuesday. Shares of the satellite radio provider haven't traded this low since the fall of 2012. The stock has been cut by more than half -- down 52% -- this year. Sirius XM shares have shed more than two-thirds of their value since peaking last summer.Business has certainly slowed at Sirius XM, but it doesn't mean that the stock can't bounce back as soon as this mo ...

Sirius XM (SIRI) recently expanded its footprint in North America with the opening of a state-of-the-art broadcast studio in Las Vegas, NV, which is situated inside the luxurious Wynn Las Vegas on the renowned Strip.This new location enhances SiriusXM’s presence in key cities across the continent. The Las Vegas studio joins the network of SIRI’s prominent studios, including its headquarters at New York City’s Rockefeller Center, Washington, DC, West Hollywood, Miami’s South Beach and a new hub in Nashville. ...

It has been about a month since the last earnings report for Sirius XM (SIRI) . Shares have lost about 10.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Sirius XM due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Sirius XM Q1 Earnings Beat Estimates, Revenues ...

Sirius XM Holdings Inc. (NASDAQ:SIRI) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference May 21, 2024 10:50 AM ET Company Participants Jennifer Witz - CEO Conference Call Participants Sebastiano Petti - J.P. Morgan Sebastiano Petti Good morning, everyone. I'm Sebastiano Petti. I cover the Cable, Satellite and Telecom space here at J.P. Morgan. I want to introduce Jennifer Witz, CEO of Sirius XM. Jennifer, thanks for joining us today. Jennifer Witz Thank you for having me Sebastia ...

Industry/Company * **Company**: Sirius XM Holdings Inc. (NASDAQ: SIRI) * **Industry**: Cable, Satellite and Telecom Core Points and Arguments 1. **Growth Strategy**: Sirius XM is focusing on three key priorities for long-term growth: * Enhancing the consumer experience to drive future subscriber growth. * Capitalizing on opportunities in the ad business. * Driving efficiencies across the business to improve financial performance. [2] 2. **Enhancing Subscription Value**: * Investing in exclusive content, new brand platforms, and tech capabilities to attract new audiences. * Launching a new streaming platform and app with enhanced personalization, discovery, and control features. * Testing new pricing and packaging options for in-car business. [2] 3. **Ad Business**: * Leveraging a strong sales force, leading-edge technology, and audio talent to attract advertisers. * Investing in podcasting to enhance the ability to bring advertisers into the streaming and podcast network. [3] 4. **Efficiencies**: * Rationalizing the real estate portfolio and bringing marketing teams together for a better go-to-market strategy. * Investing in AI to enhance productivity and improve the customer experience. [4] 5. **Streaming Platform**: * Launched in December 2023, with a new price point of $9.99 to appeal to younger audiences. * Seeing positive leading indicators, including increased days listening and broader content access. [6][8] 6. **360L**: * 3 million self-pay customers and 12 million total 360L cars on the road. * Seeing better conversion rates, retention, and ARPU among 360L customers. * Expecting 360L to be in about 75% of new car trial starts within three years. [16][24] 7. **Podcasting**: * Investing in podcasting as a key area of incremental content investment. * Building a strong position in podcasting through talent relationships, distribution strategy, and technology. [33] 8. **Financials**: * Run rate cost savings of $45 million in 1Q '24, with a target of $200 million annually. * Focused on driving revenue growth and maintaining EBITDA margins. [34][36] 9. **AI**: * Implementing AI for productivity enhancements, cost efficiencies, and improved customer service. * Using AI for sales and marketing, customer service, and product recommendations. [38][40] 10. **Capital Expenditures (CapEx)**: * Peak CapEx in 2024, with satellite spend expected to drop significantly by 2028. * Non-satellite spend expected to remain elevated in 2025 before normalizing in 2026 and beyond. [42][43][44] 11. **Leverage**: * Targeting a leverage ratio of low to mid-3s in the back half of 2025. * Potential for share buybacks post deal if there is market dislocation. [45] 12. **Audible Deal**: * In process, with the first phase expected to be rolled out later this month or early June. [47] Other Important Points * Sirius XM is focused on improving the customer experience and providing more package choice. * The company is investing in technology and AI to enhance productivity and improve the customer experience. * Sirius XM is well-positioned for growth in the long term due to its strong content portfolio, distribution channels, and financial position.

The satellite radio veteran offers a generous dividend yield of 3.5% today. Why is it that high, and how much will the company spend on dividend checks in 2024?Satellite radio operator Sirius XM (SIRI -1.31%) has a generous dividend policy. The company started sending out quarterly dividend payments in November 2016 and has raised the payout in each November announcement since then.Today, the forward dividend yield is 3.5%. The digital media icon has never been a member of the S&P 500 (^GSPC 0.12%) index, b ...

Meme stocks are in the news, so let's talk about one of the original meme stocks that has grown up for better or worse.With meme stocks in the news this week it's a good time to revisit a similar battleground investment that dominated the online discussion board chatter a generation ago. It's been nearly eight years since the monthly trading volume of Sirius XM Holdings (SIRI 1.11%) topped 1 billion shares, and a dozen years before that it was a hotly contested penny stock.The satellite radio provider has g ...