On Thursday, October 27, 2016, Sirius XM Holdings Inc. (NASDAQ:SIRI) will hold a conference call at 8:00 am ET to release its third quarter 2016 financial and operating results. A discussion with Investors will follow the announcement of the results, but the press is allowed to keep tab of the discussions from the conference call on the company’s website.
Being the world’s largest radio company, it is available on various platforms, the likes of vehicles from every major car company in the U.S. It is also online at siriusxm.com, Smartphones, and other connected devices. As a result of its widespread presence, it has garnered more than 30.6 million subscribers, all who get entertained by commercial-free music; premier sports talk and live events. This is not enough because SiriusXM also provides premium traffic for subscribers through SiriusXM Traffic.
SiriusXM Is perhaps Bigger Than Anyone Would Think
Apart from SiriusXM Traffic, SiriusXM also has SiriusXM Travel Link, SiriusXM Aviation, and SiriusXM Marine, which delivers weather, data and information services to aircraft and boats. This is an addition to XMWX Aviation™, XMWX Weather, and XMWX Marine. A variety of businesses are also able to obtain commercial-free music through SiriusXM Music. The fact that the radio company gives customers access to a suite of safety, security, and convenience services makes it one of the major automakers in the market,
There is much more behind the scenes about SiriusXM
Sirius XM commands more than 3.7 times the trailing revenue and eight times the enterprise value. Apparently, the company’s CFO David Frear says that it is the smallest player in terms of listening audience. The likes of Pandora are doing much better having built a base of over 80 million free listeners. However, despite the huge advertising market, SiriusXM still has opportunities for growth. In any case, it is already cornering the market when it comes to premium satellite radio
Meanwhile, Liberty Media has made several attempts to buy Pandora with a buyout offer of $15 a share. However, word has it that Pandora, has snubbed the offer and it is reportedly holding onto something closer to $20. Pandora is the top dog in ad-supported streaming even though its user growth has stalled. Nonetheless, it is using the strategy of having its advertisers pay more in order to reach its steady audience.