NEW YORK, Feb. 24, 2021 /PRNewswire/ -- SiriusXM today
announced that Jennifer Witz, Chief
Executive Officer, is scheduled to present at the Morgan Stanley
Technology, Media and Telecom Conference on Monday, March 1, at 10:15
am ET and Sean Sullivan,
Chief Financial Officer, is scheduled to present at the Deutsche
Bank Annual Media, Internet & Telecom Conference on
Tuesday, March 9, at 4:00 pm ET.
Audio webcasts of the presentations will be available via the
investor relations section of the company's website,
www.siriusxm.com/investorrelations.
SiriusXM also announced today that it plans to release first
quarter 2021 financial and operating results on Wednesday, April 28, 2021. The company will
host a call at 8:00 am ET the same
day to discuss these results. Investors and the press can
also listen to the conference call via the investor relations
section of the company's website.
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.
Pandora, a subsidiary of SiriusXM, is the largest ad-supported
audio entertainment streaming service in the U.S. SiriusXM and
Pandora's properties reach more than 150 million listeners, the
largest addressable audience in the U.S., across all categories of
digital audio – music, sports, talk, and podcasts. SiriusXM's
acquisitions of Stitcher and Simplecast, alongside industry-leading
ad tech company AdsWizz, make it a leader in podcast hosting,
production, distribution, analytics and
monetization. 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: the COVID-19 pandemic is
adversely impacting our business; we face substantial
competition and that competition is likely to increase over time;
our efforts to attract and retain subscribers and listeners, or
convert listeners into subscribers, which may not be successful,
and may adversely affect our business; 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; a substantial number of our Sirius XM 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 large part on the auto industry;
failure of our satellite 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, particularly in mobile
advertising, 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; our use of pre-1972
sound recordings on our Pandora service could result in additional
costs; 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; and 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, 2020, which is 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
Contact for SiriusXM:
Hooper Stevens
212-901-6718
Hooper.Stevens@siriusxm.com
Patrick Reilly
212-901-6646
patrick.reilly@siriusxm.com
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SOURCE Sirius XM Holdings Inc.