NEW
YORK, Nov. 14, 2022 /PRNewswire/ -- SiriusXM
today announced that Jennifer Witz,
Chief Executive Officer, will present at the 2022 Liberty Media
Investor Day on Thursday, November 17
at approximately 10:30 am
ET.
To register and access a webcast of the event, please visit the
Investor Relations section of the SiriusXM website at
siriusxm.com/investorrelations.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the leading audio
entertainment company in North
America, and the premier programmer and platform for
subscription and digital advertising-supported audio products.
SiriusXM's platforms collectively reach approximately 150 million
listeners, the largest digital audio audience across paid and free
tiers in 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 U.S.
SiriusXM's 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 tech 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
businesses, SiriusXM offers connected vehicle services to
automakers. For more about SiriusXM, please go
to: 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," "are expected to," "will
continue," "is anticipated," "estimated," "believe," "intend,"
"plan," "projection," "outlook" or words of similar meaning. Such
forward-looking statements are based upon 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,
adversely affected by supply chain issues as a result of the global
semiconductor supply shortage; we face substantial competition and
that competition is likely to increase over time; if our efforts to
attract and retain subscribers and listeners, or convert listeners
into subscribers, are not successful, our business will be
adversely affected; we engage in extensive marketing efforts and
the continued effectiveness of those efforts is an important part
of our business; we rely on third parties for the operation of our
business, and the failure of third parties to perform could
adversely affect 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 substantial number of our Sirius XM service
subscribers periodically cancel their subscriptions and we cannot
predict how successful we will be at retaining 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 auto
industry; failure of our satellites would significantly damage our
business; our Sirius XM service may experience harmful interference
from wireless operations; our Pandora ad-supported business has
suffered a substantial and consistent loss of monthly active users,
which may adversely affect our Pandora business; our failure to
convince advertisers of the benefits of our Pandora ad-supported
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 in mobile operating
systems and browsers may hinder our ability to sell advertising and
market our services; if we fail to accurately predict and play
music, comedy or other content that our Pandora listeners enjoy, we
may fail to retain existing and attract new listeners; privacy and
data security laws and regulations may hinder our ability to market
our services, sell advertising and impose legal liabilities;
consumer protection laws and our failure to comply with them could
damage our business; failure to comply with FCC requirements could
damage our business; if we fail to protect the security of personal
information about our customers, we could be subject to costly
government enforcement actions and private litigation and our
reputation could suffer; interruption or failure of our information
technology and communications systems could impair the delivery of
our service and harm our business; the market for music rights is
changing and is subject to significant uncertainties; our Pandora
services depend upon maintaining complex licenses with copyright
owners, and these licenses contain onerous terms; the rates we must
pay for "mechanical rights" to use musical works on our Pandora
service have increased substantially and these new rates may
adversely affect our business; failure to protect our intellectual
property or actions by third parties to enforce their intellectual
property rights could substantially harm our business and operating
results; some of our services and technologies may use "open
source" software, which may restrict how we use or distribute our
services or require that we release the source code subject to
those licenses; rapid technological and industry changes and new
entrants could adversely impact our services; we have a significant
amount of indebtedness, and our debt contains certain covenants
that restrict our operations; we are a "controlled company" within
the meaning of the NASDAQ listing rules and, as a result, qualify
for, and rely 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 principal stockholder has significant influence,
including over actions requiring stockholder 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 be harmed; our facilities could be
damaged by natural catastrophes or terrorist activities; the
unfavorable outcome of pending or future litigation could have an
adverse impact on our operations and financial condition; we may be
exposed to liabilities that other entertainment service providers
would not customarily be subject to; and our business and prospects
depend on the strength of our brands. Additional 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 year ended December 31, 2021, and our Quarterly
Report on Form 10-Q for the quarterly period ended March 31, 2022,
which are filed with the Securities and Exchange Commission (the
"SEC") and available at the SEC's Internet site
(http://www.sec.gov). The information set forth 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
hooper.stevens@siriusxm.com
Natalie Candela
212-901-6672
natalie.candela@siriusxm.com
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SOURCE Sirius XM Holdings Inc.