NEW YORK, September 30, 2022 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) will release its third quarter 2022 financial and operating results on tuesday november 1and will hold an investor call on the same day at 8:00 a.m. EDT. The call will be moderated by SiriusXM’s General Manager, Jennifer Witzand Executive Vice President and Chief Financial Officer, SeanSullivan.
A webcast of the presentation will be available in the Investor Relations section of SiriusXM’s website at siriusxm.com/investorrelations.
To participate by phone, please dial 866.580.3963 (US toll-free) or +1.786.697.3501 (local) 5 minutes prior to the start of the call and request to be connected to the “Sirius Q3” conference call when the operator asks you to.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in North America, and the premier programmer and platform for digital subscription and ad-supported audio products. SiriusXM’s platforms collectively reach approximately 150 million listeners, the largest digital audio audience among paid and free tiers in North America, and stream music, sports, talk, news, comedy, entertainment, and podcasts. Pandora, a subsidiary of SiriusXM, is the largest ad-supported audio entertainment streaming service in the United States. SiriusXM subsidiaries Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. The company’s advertising sales arm, SXM Media, leverages its scale, cross-platform sales organization and ad technology capabilities to deliver results for audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc., also offers satellite radio and audio entertainment in Canada. In addition to its audio entertainment business, SiriusXM offers connected vehicle services to automakers. To learn more about SiriusXM, visit: www.siriusxm.com.
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions. with respect to future operations, products and services; and other statements identified by words such as “will likely result”, “will”, “will continue”, “is planned”, “estimated”, “believes”, “intends”, “plans”, ” projection”, “perspectives” or words of similar meaning. These forward-looking statements are based on the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
The following factors, among others, could cause actual results and the timing of events to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: we have been, and may continue to be, affected by supply chain issues due to the global shortage of semiconductor supplies; we face significant competition and this competition is likely to increase over time; if our efforts to attract and retain subscribers and listeners, or convert listeners to subscribers, fail, our business will be adversely affected; we engage in extensive marketing efforts and the continued effectiveness of these efforts is an important part of our business; we rely on third parties to operate our business, and the failure of such third parties could harm our business; we may not realize the benefits of acquisitions and other strategic investments and initiatives; the ongoing COVID-19 pandemic has introduced significant uncertainty to our business; a significant number of our Sirius XM Service subscribers periodically cancel their subscriptions and we cannot predict how successful we will be in retaining our 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 on the automotive industry; a failure of our satellites would significantly harm our business; our Sirius XM service may receive harmful interference from wireless operations; our ad-supported Pandora business has suffered a substantial and ongoing loss of monthly active users, which could negatively impact our Pandora business; our failure to convince advertisers of the benefits of our ad-supported Pandora 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 impair our ability to sell advertising and market our services; if we fail to accurately predict and deliver music, comedy or other content that our Pandora listeners enjoy, we may not be successful in retaining existing listeners and attracting new ones; privacy and data security laws and regulations may impede our ability to market our services, sell advertising, and impose legal liabilities; consumer protection laws and our failure to comply with them could harm our business; failure to comply with FCC requirements could harm our business; if we fail to protect the security of our customers’ personal information, we could be subject to costly governmental action and private litigation and our reputation could suffer; interruption or failure of our information technology and communications systems could adversely affect the provision of our services and adversely affect our business; the music rights market is changing and is subject to significant uncertainties; our Pandora services depend on maintaining complex licenses with copyright owners, and those licenses contain onerous terms; the rates we must pay for “mechanical rights” to use musical works on our Pandora service have increased significantly and these new rates may adversely affect our business; the failure to protect our intellectual property or the actions of third parties to enforce their intellectual property rights could materially harm our business and results of operations; some of our services and technologies may use “open source” software, which may restrict how we use or distribute our services or require us to release source code subject to such licenses; rapid technological and industry changes and new entrants could negatively impact our services; we have a significant amount of indebtedness, and our indebtedness contains certain covenants that restrict our operations; we are a “controlled company” within the meaning of the NASDAQ listing rules and, therefore, we benefit from and depend 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 major shareholder has significant influence, including over actions requiring shareholder 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 suffer; our facilities could be damaged by natural disasters or terrorist activities; the unfavorable outcome of pending or future litigation could negatively impact our operations and financial condition; we may be exposed to liabilities that other entertainment service providers would not ordinarily be subject to; and our business and prospects depend on the strength of our brands. Other factors that could cause our results to differ materially from those described in the forward-looking statements can be found in our Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and our Quarterly Report on Form 10- Q for the quarterly period ended June 30, 2022, which are filed with the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (http://www.sec.gov). The information contained herein speaks only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Source: SiriusXM
Investor contacts:
Hooper Stevens
212-901-6718
[email protected]
Nathalie Candela
212-901-6672
[email protected]
SOURCESirius XM Holdings Inc.
