Sirius XM Holdings Inc
Company Profile
Business description
Sirius XM operates almost exclusively in the US through its SiriusXM and Pandora audio services. SiriusXM is primarily a satellite radio service, which offers nationwide coverage and mostly ad-free listening, with proprietary channels and exclusive content. It makes agreements with automakers to install its radios in vehicles and give trial services to vehicle buyers, which have traditionally fed its subscriber base. The company operates the service through a handful of geostationary satellites that it owns and operates, but it now offers a streaming SiriusXM option as well. Pandora, which makes up a much smaller portion of revenue and profit, offers a subscription and ad-supported streaming music service that competes with industry giants like Spotify, Apple Music, and YouTube Music.
Contact
1221 Avenue of the Americas
35th Floor
New YorkNY10020
USAT: +1 212 584-5100
Sector
Communication Services
Stock type
Sensitive
Industry
Entertainment
Fiscal Year End
31 December 2024
Employees
5,680
Morningstar Investment Ideas
Markets
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