New York, August 31, 2022 /PRNewswire/ — SiriusXM announced today that Jennifer WittsCEO, will make a presentation at the Bank of America Media, Communications and Entertainment Conference on Wednesday, September 7 at 4:00 p.m.10:00 p.m. Eastern Standard TimeChief Financial Officer Sean Sullivan, will attend the Goldman Sachs Communacopia + Technology Conference on Monday, September 12 at 7:30 pm ET.
A webcast of the presentation will be available on the Investor Relations section of the SiriusXM website at siriusxm.com/investorrelations.
About SiriusXM
Sirius XM Holdings Inc. (NASDAQ: SIRI) is one of the world’s leading audio entertainment companies. North America, the premier programmer and platform for subscription and digital advertising-enabled audio products. In total, SiriusXM’s platform reaches approximately 150 million listeners, the largest digital audio audience across paid and unpaid tiers. North America, 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. SXM Media, our advertising sales arm, leverages its scale, cross-platform sales organization and ad technology capabilities to drive results for audio creators and advertisers. SiriusXM also offers satellite radio and audio entertainment through Sirius XM Canada Holdings, Inc. CanadaIn addition to its audio entertainment business, SiriusXM provides connected car services to automakers. For more information on SiriusXM, please visit www.siriusxm.com.
This notice 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. future operations, products and services; and “likely”, “expected”, “continue”, “expected”, “estimated”, “believe”, “intend”, “plan”, “predict”, etc. Other descriptions identified by the word “outlook” or words of similar import. Such forward-looking statements are based on management’s current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
Actual results and the timing of events could differ materially from expected results or other expectations expressed in forward-looking statements, particularly as a result of the following factors. As a result of the global semiconductor supply shortage. We face significant competition, and that competition may increase over time. If our efforts to attract and retain subscribers and listeners or convert listeners to subscribers are not successful, 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 their failure to perform may adversely affect our business. We may not recognize the benefits of acquisitions and other strategic investments and initiatives. The ongoing COVID-19 pandemic has created significant uncertainties for our business. A significant number of Sirius XM service subscribers cancel their subscriptions on a regular basis, and it is unpredictable how successful they will be in retaining customers. As our marketing efforts reach more price-sensitive consumers, our ability to favorably attract and retain subscribers to our Sirius XM service is uncertain. Our business is partially dependent on the automotive industry. A failure of our satellite would cause great damage to our business. Our Sirius XM service may be subject to harmful interference from wireless operation. Our Pandora ad-supported business is experiencing a substantial and continuing loss of monthly active users, which could adversely affect our Pandora business. Failure to convince advertisers of the benefits of Pandora’s ad-supported services could harm our business. If we are unable to sustain increased revenue from our advertising products, our results of operations will be adversely affected. Changes in mobile operating systems and browsers can interfere with the sale of advertising and marketing of our services. The inability to accurately predict and play the music, comedy, or other content that Pandora listeners will enjoy may result in the inability to retain existing listeners and attract new listeners. Privacy and data security laws and regulations may interfere with our ability to market our Services, sell advertising, and impose legal liability. Consumer protection laws and our failure to comply with them can harm our business. Failure to comply with FCC requirements can harm your business. Failure to protect the security of your personal information may subject us to costly government enforcement action, private lawsuits, and damage to our reputation. Any disruption or failure of our information technology and communication systems could impair our ability to provide our services and harm our business. The market for music rights is changing and subject to great uncertainty. Our Pandora service relies on maintaining complex licenses with copyright holders, and these licenses contain onerous terms. The fees we have to pay for “mechanical rights” to use musical works on the Pandora service have increased significantly, and these new fees could adversely affect our business. Failure to protect our intellectual property or the failure of third parties to take action to enforce their intellectual property rights could materially harm our business and operating results. Some of our services and technologies may use “open source” software, which restricts how you use or distribute our services, or requires us to release source code in accordance with their licenses. may occur. Rapid technological and industry changes and new entrants could adversely affect our services. We have significant debts and our debts contain certain covenants that limit our operations. We are a “controlled entity” within the meaning of the NASDAQ Listing Rules and, as a result, are eligible for and rely on exemptions from certain corporate governance requirements. Although we currently pay quarterly cash dividends to holders of our common stock, we may change our dividend policy at any time. Our major shareholders have significant influence, including actions requiring shareholder approval, and their interests may differ from those of other shareholders of our common stock. Our business may suffer if we are unable to attract and retain talented people. Our facilities may be damaged by natural disasters or terrorist activity. An adverse outcome of any pending or future litigation could adversely affect our business and financial condition. We may be exposed to liabilities that other entertainment service providers do not normally have. And our business and prospects depend on the power of our brands. Other factors that could cause our results to differ materially from those set forth in the forward-looking statements include our Annual Report on Form 10-K for the year ended December 31, 2021 and 10-Q Quarterly Reports. The quarter ended March 31, 2022 is filed with the Securities and Exchange Commission (“SEC”) and is available on the SEC’s Internet site at http://www.sec.gov. The information in this document 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 notice.
Source: SiriusXM
Investor Contact:
hooper stevens
212-901-6718
hooper.stevens@siriusxm.com
Natalie Candela
212-901-6672
natalie.candela@siriusxm.com
View Original Content: https://www.prnewswire.com/news-releases/siriusxm-to-present-at-the-bofa-media-communications–entertainment-conference-and-the-goldman-sachs-communacopia –Technical Meeting-301615846.html
SOURCE Sirius XM Holdings Co., Ltd.
Comments
Post a Comment