Sirius XM: Q2 Earnings Insights

Shares of Sirius XM Holdings SIRI rose 1.9% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were unchanged 0.00% year over year to $0.06, which were in line with the estimate of $0.06.

Revenue of $1,874,000,000 decreased by 5.21% from the same period last year, which missed the estimate of $1,890,000,000.

Outlook

The upcoming fiscal year's revenue expected to be between $7,700,000,000 and $7,700,000,000.

How To Listen To The Conference Call

Date: Jul 30, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3udct7sy

Recent Stock Performance

Company's 52-week high was at $7.40

Company's 52-week low was at $4.11

Price action over last quarter: Up 1.35%

Company Description

SiriusXM Holdings is now composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the U.S. and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service. Liberty Media owns 68% of SiriusXM, traded through its Liberty SiriusXM Group tracking stock.