NEW YORK, August 31, 2022 /PRNewswire/ — SiriusXM announced this today Jennifer jokeChief Executive Officer, will present the following at the Bank of America Media, Communications and Entertainment Conference on Wednesday, September 7 at 4:00 p.m.10 p.m. ETand Sean Sullivan, Chief Financial Officer, will present at the Goldman Sachs Communacopia + Technology Conference on Monday, September 12 at 7:30 p.m. ET.
A webcast of the presentations will be available on the Investor Relations section of the SiriusXM website at siriusxm.com/investorrelations.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio entertainment company in North America, and the leading programmer and platform for subscription and digital ad-supported audio products. SiriusXM’s platforms collectively reach approximately 150 million listeners, the largest digital audio audience across paid and free tiers North America, and deliver 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’s subsidiaries Stitcher, Simplecast, and AdsWizz make it a leader in podcast hosting, production, distribution, analytics, and monetization. The company’s advertising distribution arm, SXM Media, leverages its scale, cross-platform distribution organization and ad tech capabilities to deliver results for audio artists and advertisers. SiriusXM also provides satellite radio and audio entertainment through Sirius XM Canada Holdings, Inc Canada. In addition to its audio entertainment business, SiriusXM provides connected vehicle services to automakers. For more information about SiriusXM, visit: www.siriusxm.com.
This release 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 regarding 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 “likely to result”, “expected”, “continue”, “expected”, “estimate”, “believe”, “intend”, “plan”, “forecast”. “Outlook” or words of similar meaning. Such 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 are beyond our control. Actual results and timing of events could differ materially from those anticipated in these forward-looking statements.
Among others, the following factors could cause actual results and the timing of events to differ materially from anticipated results or other expectations expressed in the forward-looking statements: We have been, and may continue to be, adversely affected by supply chain issues as a result of global semiconductor supply shortages; we face significant competition and that competition is likely to increase over time; If our efforts to acquire and retain subscribers and listeners, or convert listeners into subscribers, are unsuccessful, our business will be adversely affected; we engage in extensive marketing activities and the continued effectiveness of these efforts is an important part of our business; we rely on third parties to operate our business and failure by third parties could adversely affect our business; we may not recognize the benefits of acquisitions and other strategic investments and initiatives; the ongoing COVID-19 pandemic has brought significant uncertainty to our business; a significant number of our subscribers to the Sirius XM service cancel their subscriptions on a regular basis and we cannot predict how successful we will be in retaining customers; our ability to profitably attract and retain subscribers to our Sirius XM service as our marketing efforts reach more price-conscious consumers is uncertain; our business depends in part on the auto industry; failure of our satellites would seriously damage our business; our Sirius XM service may experience harmful interference from wireless operation; our ad-supported Pandora business has experienced a significant and consistent loss of monthly active users, which could adversely affect our Pandora business; our failure to convince advertisers of the benefits of our ad-supported service, Pandora, could harm our business; if we are unable to sustain revenue growth from our advertising products, our results of operations will be adversely affected; Changes in mobile operating systems and browsers may affect our ability to sell advertising and market our Services; If we don’t accurately predict and play music, comedy or other content that our Pandora listeners will enjoy, we may not be able to retain existing listeners and attract new listeners; Privacy and data security laws and regulations may limit our ability to market our Services, sell advertising, and impose legal obligations; consumer protection laws and our failure to comply 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 government enforcement actions and private litigation, and our reputation could suffer; An interruption or failure of our information technology and communication systems could affect the performance of our services and harm our business; the music rights market is changing and subject to significant uncertainties; our Pandora Services depend on maintaining complex licenses with copyright owners, and those licenses contain onerous terms; the “mechanical rights” fees we pay to use musical works on our Pandora Service have increased significantly, and these new fees may affect our business; failure to protect our intellectual property, or actions taken by third parties to enforce their intellectual property rights, could materially adversely affect our business and results of operations; Some of our Services and technologies may use “open source” software, which may limit how we use or distribute our Services, or require us to release the source code subject to those licenses; Rapid technological and industry changes and new market entrants could affect our services; we have significant indebtedness and our indebtedness contains certain covenants that limit our ability to do business; we are a “controlled entity” within the meaning of the NASDAQ listing rules and as such qualify for and rely on exceptions to 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; our inability to attract and retain qualified personnel could harm our business; our facilities could be damaged by natural disasters or terrorist activities; the adverse outcome of pending or future litigation could adversely affect our business and financial condition; we may be subject to liabilities that other entertainment service providers would not normally be subject to; and our business and prospects depend on the strength of our brands. Please refer to our annual report on Form 10-K for the year ended December 31, 2021 and our quarterly report on Form 10-Q for additional factors that could cause our results to differ materially from those described in the forward-looking statements for the quarter ended March 31, 2022, 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 of this release and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this release.
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SOURCE Sirius XM Holdings Inc.