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SiriusXM Stock Surges as It Signs Spotify Podcaster Alex Cooper
Investopedia· 2024-08-21 16:24
Key TakeawaysSiriusXM signed a multi-year agreement with popular podcaster Alex Cooper.The contract is reported to be worth $125 million over three years, and ends her relationship with Spotify.SiriusXM also gets ad sales rights to Cooper's Unwell Network. SiriusXM (SIRI) shares rose further Wednesday, a day after announcing it had signed a multi-year agreement with Alex Cooper starting in 2025. The satellite radio company is getting the popular podcaster's "Call Her Daddy" show, as well as ad sales rights ...
SiriusXM to Present at the Goldman Sachs 2024 Communacopia + Technology Conference
Prnewswire· 2024-08-19 20:30
NEW YORK, Aug. 19, 2024 /PRNewswire/ -- SiriusXM (NASDAQ: SIRI) today announced that Chief Executive Officer Jennifer Witz will present at the Goldman Sachs 2024 Communacopia + Technology Conference in San Francisco, CA. The presentation is scheduled for Wednesday, September 11, 2024, at 2:25 PM PT. A live webcast of the presentation will be accessible via the Investor Relations section of the SiriusXM website at https://investor.siriusxm.com.An archive of the webcast will be available on the Company's webs ...
Meet the Unique Stock-Split Stock Warren Buffett Has More Than Tripled His Stake In
The Motley Fool· 2024-08-18 08:41
The Oracle of Omaha has increased Berkshire Hathaway's stake by 262% in the only brand-name company set to conduct a reverse-stock split.Although artificial intelligence (AI) has been the can't-miss innovation that's powered all three of Wall Street's major stock indexes to record-closing highs, stock-split euphoria has, arguably, been just as important in 2024.A stock split allows publicly traded companies the opportunity to superficially adjust their share price and outstanding share count by the same fac ...
Why Is Warren Buffett Buying More Sirius XM Stock?
The Motley Fool· 2024-08-15 15:55
Berkshire Hathaway is adding to its position in one of the biggest losers on its scorecard this year. It makes more sense than you think.Sirius XM Holdings' (SIRI 5.50%) may have fallen out of favor for most investors, but arguably the best stock picker of our time sees things differently. Warren Buffett's Berkshire Hathaway (BRK.A 0.81%) (BRK.B 0.68%) didn't make a lot of portfolio moves in the second quarter, but one of the few tweaks it did make was to dramatically ramp up its stake in the satellite radi ...
Investors Tune In to Sirius XM Stock on Buffett Investment
Investopedia· 2024-08-15 14:45
Key TakeawaysWarren Buffett's Berkshire Hathaway boosted its stake in Sirius XM Holdings.Berkshire added more than 96 million shares in the second quarter.The news lifted Sirius shares, which have slumped this year, at one point hitting a 12-year low. Shares of Sirius XM Holdings (SIRI) advanced Thursday after Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) made a big addition of the stock to its portfolio in the second quarter.  In a regulatory filing, Berkshire reported it now held 132,878,213 shares o ...
Sirius XM (SIRI) Q2 Earnings Meet Estimates, Revenues Fall Y/Y
ZACKS· 2024-08-02 14:26
Sirius XM Holdings (SIRI) reported second-quarter 2024 earnings of 8 cents per share, which met the Zacks Consensus Estimate and remained flat year over year.Total revenues on a reported basis declined 3% year over year to $2.18 billion and missed the consensus mark by 1.21%.Subscriber revenues (76.1% of total revenues) declined 3.9% from the year-ago quarter to $1.66 billion. The figure missed the Zacks Consensus Estimate by 0.2%.Meanwhile, advertisement revenues (20.3%) decreased 0.4% year over year to $4 ...
Compared to Estimates, Sirius XM (SIRI) Q2 Earnings: A Look at Key Metrics
ZACKS· 2024-08-01 16:00
Sirius XM (SIRI) reported $2.18 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 3.2%. EPS of $0.08 for the same period compares to $0.08 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.2 billion, representing a surprise of -1.21%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectat ...
Is Sirius XM Stock Slowly Fading Away?
The Motley Fool· 2024-08-01 15:55
Sirius XM falls short of revenue estimates in its latest quarter.The bar of expectations was low heading into Sirius XM Holdings' (SIRI -5.02%) second-quarter results on Thursday morning. The satellite-radio provider still bumped its head against the limbo stick. Revenue clocked in at $2.18 billion for the three months ending in June, a 3% decline from where it landed a year earlier. Analysts were holding out for just a 2% dip.The year-over-year decrease in business may not seem like much, but it's the seco ...
Sirius XM(SIRI) - 2024 Q2 - Earnings Call Transcript
2024-08-01 15:27
SiriusXM Holdings Inc. (NASDAQ:SIRI) Q2 2024 Earnings Conference Call August 1, 2024 8:00 AM ET Company Participants Jennifer Witz - CEO Tom Barry - CFO Scott Greenstein - President & CMO Hooper Stevens - SVP, IR, and Finance Conference Call Participants Steven Cahall - Wells Fargo Jessica Reif Ehrlich - Bank of America Securities Barton Crockett - Rosenblatt Securities Stephen Laszczyk - Goldman Sachs Jim Goss - Barrington Research Cameron Mansson-Perrone - Morgan Stanley Operator Greetings. Welcome to Sir ...
Sirius XM(SIRI) - 2024 Q2 - Quarterly Report
2024-08-01 13:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO ________ COMMISSION FILE NUMBER 001-34295 SIRIUS XM HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 38-3916511 (State or other ...