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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Warren Buffett Ups Stake in SiriusXM by Over 250% In Q2 As Liberty Media Merger Nears Completion

Siri SiriusXM Warren Buffett Liberty Media Liberty United States Jennifer Witz Berkshire Hathaway Nasdaq Pandora
Sirius XM paid over $100 million in dividends to investors in Q2. (Credit: gatesfoundation.org)

Berkshire Hathaway chairman Warren Buffett increased his stake in US-based audio entertainment company Sirius XM Holdings (NASDAQ: SIRI) by 262.24% during the quarter ended June 30. According to the latest company 13F filing, Berkshire Hathaway purchased 96.2 million SIRI shares in Q2 at an average price of $3.36 apiece to own a total of 132.88 million shares worth over $376 million.

SIRI generates revenue from its subscription entertainment service, SiriusXM, and premium music streaming services platform, Pandora. With 33 million paid subscribers, SiriusXM offers listeners diverse content, including news, exclusive interviews and podcasts, live sports analysis and music, in-studio performances and original shows. Meanwhile, Pandora is SIRI's rapidly growing audio streaming service. It allows its 50 million active users to curate their stations and playlists. The company boasts a combined monthly audience of almost 150 million listeners.

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