North American pay-radio operator SiriusXM reported its quarterly numbers on February 1st (to December 31st) and said it had gained a net 55,000 self-paying subscribers in Q4. That’s the good news. The bad news was that its Pandora streaming music division lost 128,000 subs during final quarter of the year. Drilling down into its end-of-year […]
North American pay-radio operator SiriusXM has bought Cloud Cover and its business music portfolio. The service, Cloud Cover Music, will join subsidiary Sirius XM Radio, which already offers its own SiriusXM Music for Business and Pandora for Business in a wider commercial music portfolio. Cloud Cover employs business management, music programming, licensing, and software development […]
North American streaming music and pay-radio operator SiriusXM, controlled by John Malone’s Liberty Media, has attracted an extra investment stake from Deutsche Bank AG. SiriusXM, as well as beaming hundreds of radio channels to the US and Canada, also offers subscribers its Pandora music streaming service. Deutsche Bank has increased it holding in SiriusXM by […]
SiriusXM and Discovery are teaming up for subscription offers in the US that deliver content from both companies. Eligible new and existing subscribers to SiriusXM’s Platinum VIP plan will have the opportunity to activate a complimentary 12-month subscription to discovery+, the definitive non-fiction, real-life subscription streaming service. SiriusXM will also be offering special promotions that […]
US pay-radio operator, SiriusXM – majority owned by John Malone’s Liberty Media – has posted revenues of $2.2 billion (€1.9bn) for its 3rd quarter ended September 2021. This compares to year-ago revenues of $2.03 billion (up 9 per cent). The company has topped consensus revenue estimates four times over the last four quarters. The company […]
A report from Zachs Investment Research says that pay-radio broadcaster SiriusXM is expected to report quarterly sales of $2.17 billion (€1.8bn). The consensus is that the US pay-radio broadcaster will manage a range of between $2.15-$2.19 billion. This same quarter last year SiriusXM reported sales revenues of $2.03 billion. The uplift this quarter-year suggests an […]
At the start of August, Maxar Technologies received an order from pay-radio broadcaster SiriusXM for a new satellite, SXM-9. Now Maxar has confirmed another satellite order for SiriusXM, its SXM-10 craft. “Maxar has been manufacturing communications satellites for SiriusXM for decades, and we’re proud to continue this relationship for both SXM-9 and SXM-10,” said Chris […]
SiriusXM has ordered a new satellite, SXM-9, from Maxar Technologies. The SXM-9 satellite will be based on Maxar’s 1300-class platform and built at the company’s manufacturing facility in Palo Alto, California. It is expected that SXM-9 will launch in 2024. Maxar has been building satellites for SiriusXM since 2000, which includes the first-generation Sirius satellites […]
North American pay-radio operator SiriusXM has priced two batches of new Senior Notes. The borrowings will be used to redeem existing debt. The two amounts are: $1 billion of 3.125 per cent notes due for repayment in 2026, and $1.5 billion of 3.875 per cent notes due in 2031 “This represents an increase of $250 […]
North American pay-radio broadcaster reported Q2 revenues of $2.16 billion (€1.7bn), up 15 per cent on the previous year. SiriusXM recorded net income of $433 million in its Q2/2021, compared to $243 million in the prior year period. Second quarter 2021 net income included $140 million in insurance related to the company’s SXM-7 satellite which […]