Recap: Sirius XM Holdings Q3 Earnings

Shares of Sirius XM Holdings SIRI moved higher by 2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 20.00% year over year to $0.06, which beat the estimate of $0.05.

Revenue of $2,025,000,000 up by 0.70% year over year, which beat the estimate of $1,940,000,000.

Looking Ahead

Sirius XM Holdings hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Oct 22, 2020

Time: 08:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ycp8d4hz

Technicals

52-week high: $7.40

52-week low: $4.11

Price action over last quarter: Up 1.02%

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.