New YorkAnd the March 10, 2022 /PRNewswire/ – SiriusXM announced today that Sean SullivanFinancial Director, to present Tuesday 15 March 2022 at 1:20 p.m. ET At Deutsche Bank 30y Annual Conference for Media, Internet and Communications.
A webcast of the presentation will be available via the investor relations section of the company’s website, siriusxm.com/investorrelations.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is the world’s leading audio entertainment company North America, the premier programmer, subscription platform, and digital advertising-supported audio products. SiriusXM platforms collectively reach nearly 150 million listeners, the largest audience for digital audio across paid and free levels in the world. North America, offering music, sports, talk, news, comedy, entertainment and podcasts. Pandora, a SiriusXM company, is the largest ad-supported entertainment audio streaming service in US SiriusXM affiliates, and Stitcher, Simplecast and AdsWizz make it a leader in podcast hosting, production, distribution, analytics and monetization. SXM Media, the company’s advertising sales arm, leverages its scale, cross-platform sales organization, and ad technology capabilities to deliver results to audio creators and advertisers. SiriusXM, through Sirius XM Canada Holdings, Inc. , satellite radio and audio entertainment in Canada. In addition to the audio entertainment business, SiriusXM provides connected vehicle services to automakers. For more information 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. These 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 phrases identified by words such as “likely to produce,” “expected to,” “will continue,” “expected,” “estimate,” “believe,” “intend,” “plan,” “project,” “Foresight” or words with the same meaning. These forward-looking statements are based on the current beliefs and expectations of our management and are by their nature subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and are generally beyond our control. Actual results and timing of events may differ materially from The results are expected in these forward-looking statements.
The following factors could, among other things, cause actual results and the timing of events to differ materially from expected results or other expectations expressed in forward-looking statements: We have been, and may continue to be, adversely affected by supply chain issues as a result of the global shortage of semiconductors; The ongoing COVID-19 pandemic has caused a great deal of uncertainty in our business; We are facing a lot of competition and this competition is likely to increase over time; If our efforts to attract and retain subscribers and listeners are not successful, or convert listeners into subscribers, our business will be negatively 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 to operate our business, and the failure of third parties to perform may adversely affect our business; We may not realize the benefits of acquisitions, investments, and other strategic initiatives; A large number of Sirius XM subscribers cancel their subscriptions periodically and we cannot predict how successful we will be in customer retention; 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 is based in part on the automotive industry; The failure of our satellites would seriously damage our business; Our Sirius XM Service may be subject to harmful interference from wireless operations; Our ad-supported business of Pandora has suffered a significant and consistent loss of monthly active users, which may negatively impact our Pandora business; Our failure to convince advertisers of the benefits of the ad-supported Pandora Service may harm our business; If we are not able 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 play music, comedy, or other content that our Pandora listeners will enjoy, we may fail to retain and attract existing listeners; Privacy and data security laws and regulations may impede our ability to market our Services, sell advertising, and impose legal responsibilities; Our failure to comply with consumer protection laws may harm our business; Failure to comply with FCC requirements may harm our business; If we fail to protect the security of our customers’ personal information, we may be exposed to costly government enforcement actions and private lawsuits and our reputation may be damaged; The interruption or failure of our information technology and communications systems may impair the provision of our Services and harm our business; The music rights market is changing and subject to significant uncertainties; Our Pandora services rely on maintaining complex licenses with copyright holders, and these licenses contain onerous terms; The prices we must pay for the “mechanical rights” to use music works on our Pandora Service have increased significantly and these new prices may adversely affect our business; Failure to protect our intellectual property or actions by third parties to enforce their intellectual property rights may cause significant harm to 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 us to release source code subject to those licenses; Rapid technological and industrial changes and new entrants can adversely affect our services; We have a great deal of indebtedness, and our debts contain some covenants which restrict our operations; We are a “Regulated Company” within the meaning of the NASDAQ Listing Rules, and as a result, we qualify for waivers of certain corporate governance requirements and dependencies; While we currently pay quarterly cash dividends to our common stock holders, we may change our dividend policy at any time; Our major shareholder has significant influence, including actions that require shareholder approval, and whose interests may differ from those of our other shareholders; If we are not able to attract and retain qualified personnel, our business may be harmed; Our facilities can be damaged by natural disasters or terrorist activities; The unfavorable outcome of pending or future litigation could have an adverse effect on our operations and financial condition; We may have obligations that other entertainment providers are not subject to; 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, filed with the Securities and Exchange Commission (“SEC”) and available on the website of SEC (http://www.sec.gov). The information herein speaks only as of its date, 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.
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Source: Sirius XM Holdings Inc.