- Full Time Employees
- 6,400
- Sector
- Communication Services
- Industry
- Broadcasting
- Address
- 12300 Liberty Boulevard Englewood CO United States of America 80112
- IPO Date
- Apr 21, 2016
- Business
- The Liberty SiriusXM Group (NASDAQ: LSXMA, LSXMB, LSXMK) operates as a tracking stock of Liberty Media Corporation, reflecting the consolidated economic performance of Liberty Media's interests in Sirius XM Holdings Inc., following a major corporate restructuring completed in September 2024. Through its approximately 83% ownership stake in Sirius XM as of late 2023 (prior to restructuring adjustments), the group provides subscription-based audio entertainment services, including satellite radio offerings with music, sports, entertainment, comedy, talk, news, traffic, weather, and infotainment channels delivered via proprietary satellite systems, mobile applications, home devices, and consumer electronics; connected vehicle services; Travel Link data services encompassing graphical weather, fuel prices, sports schedules, scores, and movie listings; ad-supported radio; Pandora Plus subscription radio; Pandora Premium on-demand streaming; a music, comedy, and podcast streaming discovery platform; podcast networks; and business and advertising solutions. Satellite radios are distributed through automakers, retailers, and direct sales channels, serving millions of subscribers primarily in the United States and Canada.
In a significant strategic development announced in December 2023 and finalized on September 9, 2024, Liberty Media executed a redemptive split-off of its Liberty Sirius XM Holdings Inc. subsidiary (New Sirius), which assumed all businesses, assets, and liabilities attributed to the Liberty SiriusXM Group, followed immediately by a merger with Sirius XM Holdings Inc., creating a fully independent public Sirius XM entity trading under the SIRI ticker with a streamlined single-class share structure, enhanced liquidity, and a majority-independent board chaired by Liberty Media's Greg Maffei. This transaction eliminated the tracking stock discount, allowed former Liberty SiriusXM shareholders to hold direct stakes in the combined company (approximately 81% Liberty-retained interest), and positioned Sirius XM for accelerated value creation through its next-generation platform, including unified in-vehicle and streaming personalization, expanded electric vehicle integration, revamped pricing models, a European tech hub, and cost optimizations amid resilient subscriber growth nearing 35 million for SiriusXM and over 6 million for Pandora as of recent periods. No major new acquisitions, funding rounds, or product launches specific to the Liberty SiriusXM Group have been reported since the split-off into early 2025.
Liberty Media Corporation, the parent entity overseeing the Liberty SiriusXM tracking stocks, was originally formed in 1991 and maintains headquarters at 12300 Liberty Boulevard, Englewood, Colorado; the attributed Sirius XM operations focus on the North American audio entertainment market, targeting individual consumers, automotive OEMs, and advertisers across streaming, satellite, and podcast segments.