Thanks. The company says it ended the first quarter with 46.7 million monthly active users, an eight percent decline from a year earlier. And, Sean, best of luck in your new opportunity. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. And then over time, in the years to come, it will get to 80% of our trial starts. Were in about I think its about a third of our new car trial starts have 360L currently that will increase to about 40% by the end of the year. I think, GM seems to be somewhat unique in that path. The satellite radio provider has sold out now. The satellite radio giant will carry every single pick live from Kansas City. Pleasure working with you and good luck on the next gig, keep them in the fairway. We announced this morning that Mercedes has a plan to rollout and we are very eager to see it continue to move through our OEM partners. As previously discussed, we reduced marketing spend, particularly around streaming in anticipation of product improvements we are launching later this year. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. Matthew Harrigan -- The Benchmark Company -- Analyst. Is It Time to Buy This Year's Worst-Performing Growth Stocks? And were working closely with the OEMs and with Google as that rules out. Have a Samsung smart TV or another type of Android TV? And whereas other services, you need to sign up for a data plan, we cover the data costs ourselves. Thanks, David. Sirius XM isn't trading at its lowest levels since early 2016 -- despite kicking off the year with a record 32.4 million self-pay subscribers and churn near its historical lows -- by accident. Turning to our content. Thursday's report will be challenging. How to Watch Newsmax TV Live Without Cable 2023 - Top 3 Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. SiriusXM Player: Online Radio, Music, Sports, News, Podcasts & Talk Bring music & The majority of OEMs have either announced or in process of moving toward that operating system. Please proceed with your questions. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. 360L mix is also sounds like tracking up nicely. Please proceed with your question. 13. [Operator Instructions] Please note this conference is being recorded. Turning to our content, given the strong engagement we continue to see with our extra channels in and out of the car, in the first quarter, we expanded our focus here and launched several new hip-hop and R&B channels, we have seen the percentage of listeners consuming these genres more than double versus a year ago, driven by younger audiences who value the more controlled listening experience. Because this typical seasonality of our business in terms of receipts versus expenditures, combined with the timing of our capital expenditures we expect to produce a meaningful portion of 2023's free cash flow later in the year. And I believe as we launch this platform, we will have more and more opportunities to better execute on that. In short, I am pleased with our financial performance this quarter and Im confident in our opportunity to expand our subscriber base as auto sales recover, and we launched the next generation Sirius XM experience later this year. Subscribe to Sling, Fubo TV, or DirecTV Stream to get Newsmax TV on your iOS device. But are there any circumstances where if I was Tucker or Don Lemon, why would I certainly want to be with you on the linear and podcasting side rather than Newsmax or OEM, but is that just two friends for you. First, Sean, good luck. And then maybe the same question sort of on the in-car business, I think the trial starts are starting to improve. Great. Our next question is coming from the line of Stephen Laszczyk with Goldman Sachs. Transitioning from a one-size-fits-all approach to a dynamic multichannel individualized approach, we'll promote only heard-here moments and exclusive talent to drive subscriber conversions among their fans, no matter how or where they want to listen. By. Kellys new hit, Lets Talk Off Camera is first released widely as a podcast, but also airs on Radio Andy. And in particular, with Walmart, we're testing an offer that allows consumers to choose, do they want satellite trial or in-car trial or a streaming trial. This gives us a general idea of the trajectory and the scope of spending. And then we just have these solutions in market for advertisers to come in and either buy across our network on an audience basis or buy show level and even custom integrations. That's right -- theythink these 10stocks are even better buys. DirecTV Stream plans start at $69.99. And while that growth will continue, it's actually come down to more normalized level at this point. I just dont want to focus on ARPU solely because I do think theres demand at lower price points and we are looking at more flexible pricing structures that we will likely implement when we launch the new platform. [Operator Instructions] Thank you. Thats very helpful. And we're constantly navigating because the interaction of those three economic levers with increasing penetration rates where it makes sense. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. SiriusXM Satellite Radio Channel Great. Our extensive portfolio includes chart-topping podcast by EarWolf and Team Cocoa and exclusive channels featuring A-list talents like Andy Cohen, [Inaudible], and Conan O'Brien. Politics Radio: News, Analysis & Opinion | SiriusXM Sign up for your 30-day free trial and login to start listening today! Transitioning from a one size fits all approach to a dynamic multi-channel individualized approach, well promote only heard hear moments and exclusive talent to drive subscriber conversions among their fans. Today, we'll have prepared WebNewsmax Podcasts The Rob Carson Show Complete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. The Sirius XM segment delivered $1.7 billion in revenue, which was down 2% principally due to lower OEM paid promotional trial revenue reflected in ARPU of $15.29 and decline subscriber revenue connected vehicle, partially offset by a weighted average subscriber base that was up 1% year-over-year. I mean, the economy, we just had a soft GDP number, a couple of minutes ago. We are confident that the upgrade will boost engagement and customer satisfaction for indoor and streaming only customers alike, she said. Jennifer, could you talk a little bit about the subscriber outlook for the rest of the year in particular, what are the things that are going to allow for the streaming only subscriber losses to sort of moderate? First of all, Sean, thanks very much. OK. James, I'll go first. And the cost to acquire trials has gone down. Our advertising business operated under the unified SXM Media banner delivered solid first quarter results bolstered by growth in podcasts and programmatic sales. Get your subscription for $40 per month and get access to Newsmax TV and others, like Bloomberg, BBC America, and Cheddar Business. Let's get into the best options for everyone. Okay, James, Ill go first. Thanks Matt. The next question is from the line of David Joyce with Seaport. Thank you, and good morning, everyone. have, you can watch Newsmax TV on an iOS device with ease. And to Tom, congratulations. Sure. When it cuts to commercial break, notice how its NOT the same ads? Our Sling review also includes more about why our team loves Sling. And that is because were addressing these pain points. Do you have -- you usually you guys have a pretty good line of sight on that. @SIRIUSXM is. WebNewsmax isn't a paid service (for the listener) and depend on ad revenue. For Sirius XM radio, Sirius XM packages can be bought. So we believe no matter what path the OEM chooses we'll be really well-positioned there. Just to talk about my whiteboard, what we're focused on. WebSiriusXM Patriot is a conservative talk radio channel on Sirius Satellite Radio channel 125 and XM Satellite Radio channel 125 [1]. Other channels on Sling include: Longhorn Network, Cable News Network, HLN, Hallmark Movies & Mysteries, Turner Classic Movies, TV Land, A&E, AMC, BET, Bravo, Comedy Central, E! With a huge number of subscription plans covering every conceivable way to get entertained, Sirius XM is one of the best entertainment platforms around for sure. Please proceed with your questions. And James, to your second question, so well see how this, how the OEMs navigate kind of the integration of CarPlay and Android Auto. And I think ultimately, ARPU as well because we can deliver even more content and features to our subscribers. Welcome to Sirius XMs first quarter 2023 earnings conference call. And I believe that because we were really well positioned to capture late in quarter demand that came in as advertisers started to open up their budgets, because we have these programmatic solutions across music streaming and podcasting. Thank you for joining us. For more information about those risks and uncertainties, please view SiriusXM's SEC filings and today's earnings release. What Channel is Newsmax on Sirius Radio? Updated 2022 Jennifer, maybe just a follow-up on that line of discussion. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. Gross profit in the Sirius XM segment declined 5% to 1.02 billion, representing a margin of 61%, down slightly from 2022 due to higher royalties. Its self-paid subscriber numbers also declined two percent to 6.2 million. And so we're really well-positioned on the podcasting side. We also delivered better-than-expected ad revenue, partly due to our leading self-service and programmatic solutions that are allowing us to capture closed-end bookings, and I will address this more in a few minutes. Our new platform will streamline purchasing and usage in and out of the car, and enhance the value of SiriusXM, making our service worth the premium for a wider range of audience segments. But are there any circumstances where if I was Tucker or Don Lemon, Id certainly want to be with you on the linear and podcasting side rather than Newsmax or OAN. Fubo TV plans start at $69.99. I will now turn the call over to Sean for some brief remarks, and then Tom will go through the financials in more detail. Scott Greenstein, our President and Chief Content Officer, will join Jennifer, Sean and Tom to take your questions during the Q&A portion of the call. Thank you. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. If you're trying to watch Newsmax TV without cable and you also watch a lot of sports, Fubo TV is probably the best pick for you. But is that just too fringe for you? SiriusXM Super Bowl broadcast this year was the most listened to in our history and strong engagement continued during March Madness, particularly with NCAA women's basketball. Against the splintering of sports rights in the video space, we offer incredible value as the one stop audio home for all major sports and its powering record engagement of this content. Our ad supported portfolio from Pandora to the Sirius XM podcast network, which also includes two of the largest Hispanic podcast networks with Pattaya and reVolver offers opportunities for advertisers to reach large and diverse audiences in audio. The Motley Fool has no position in any of the stocks mentioned. And whereas other services you need to sign up for a data plan, we cover the data costs ourselves. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Our top pick for most news fans to get access to Newsmax TV is DirecTV Stream. We may receive an affiliate commission from product sales generated through these affiliate links. But we are continuing to see progress in advance of that on 360L. But we're not seeing any major changes in the market that I would highlight. But were going to continue with our disciplined approach as weve used over the last couple years. However, to meet evolving consumer expectations, particularly with younger audience segments, we must address barriers such as pricing, control and content discovery. That's due to the great content relationships, we have, on the representation side, and our ability to bring brands into podcasting, Witz said. Sirius is getting a cut of the $ from those ads on the radio. https://buff.ly/41pw0RC . But we also have a unique setup because we will continue to maintain preferential treatment in terms of display. This SiriusXM hack crack apk (SiriusXM Dealer App) allows its users to hack Sirius satellite radio signals and refreshes their free trials every three months. Sirius made the launch in July of 2000 which is 43 years later than the famous Sputnik. But the streaming trial funnel, our challenge has not been trial generation, and we've put very distinct guardrails in place in how we're active and Performance Media in bringing trials into the funnel. Sirius XM (SIRI) Q1 2023 Earnings Call Transcript https://buff.ly/41pw0RC . But SiriusXM has their own ad-revenue on those news shows. Thank you, and good morning, everyone. So we look at this probably more often than not, but we spend a lot of time looking at this. Start watching with a free trial. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. SiriusXM bought Conan OBriens Team Coco last year in a $150 million deal that also included a five-year talent agreement for Team Coco staff to collaborate on content, including the new satellite Gross profit in the SiriusXM segment declined 5% to $1.02 billion, representing a margin of 61%, down slightly from 2022 due to higher royalties. In the first quarter, we outperformed our initial financial expectations, putting us in a strong position to increase our full-year guidance for adjusted EBITDA and free cash flow. To know which vehicle of yours is compatible with which radio, chec I will now turn the call over to Sean for some brief remarks, and then Tom will go through the financials in more detail. Yes, Newsmax TV is included in your Fubo TV subscription. Hooper Stevens -- Senior Vice President, Finance and Investor Relations. Sirius XM Stock Has a Lot to Prove This Week, 3 Nasdaq 100 Stocks That Are No-Brainer Buys in April, I Wouldn't Touch This Stock With a 10-Foot Pole 10 Years Ago -- Now I Can't Stop Buying Shares. And it's key to not only lift and conversion but also improved retention. Username. With strong similarities between talk radio and podcasts, we can do more to seamlessly integrate them across our service and provide more control and discoverability for our subscribers. In this quarter, we recorded $2.14 billion of revenue, a modest 2% decline compared to the prior-year period. It allows us, like many other services to update much more frequently our feature set, but we also have a unique setup because we will continue to maintain preferential treatment in terms of display. Newsmax TV, is This feature drives listener engagement that leads to higher retention. SiriusXM cut its sales and marketing costs by 17% during the first three months of the year, as Witz said they have decided to delay advertising efforts in anticipation of product improvements they are launching later this year. And secondly, regarding the satellite radio side, GM has announced that they are planning on dropping Apple CarPlay. And so were really well positioned on the podcasting side. Welcome to Sirius XMs First Quarter 2023 Operating and Financial Results Conference Call. It allows us like many other services to update much more frequently our feature set. Witz noted however that their financial metrics exceeded their expectations for the year, and it was enough for the company to raise its financial guidance for full-year earnings from $2.7 billion to approximately $2.75 billion. I'm focused on in the early days is a lot of what you'll see in raising our guidance in some of the other areas is we're investing a lot of time in our cost structure and ensuring that our spending and our cost optimization is headed the right direction with it in an effective manner. Great. Or search "Newsmax" on your favorite podcast platform. Please proceed with your question. In short, I am pleased with our financial performance this quarter, and I'm confident in our opportunity to expand our subscriber base as auto sales recover and relaunch the next-generation SiriusXM experience later this year. So its rolling out. And then on to your question on streaming net adds, we did to some extent, weve gone through this hurdle of the reduced marketing spend we had in the fourth quarter, and now were operating at a much more efficient level and the cost to acquire trials has gone down, some of thats market conditions and some of that is more efficiently buying in specific channels. Like how should we think about the cadence of ARPU from here this year as well as what would the longer-term impacts be from any of the newer auto deals since we saw some of the promo numbers increase here? We expect this margin to trend favorably for the remainder of the year. But positioning for the future, we have had a long history since we launched annual average increases in ARPU of about 3%. The investments we are making now will support our remaining valuable low-band customers for several years to come, but we will eventually provide new revenue opportunities. During a conference call with Wall Street analysts, she revealed that SiriusXM combined its podcast group and comedy and entertainment group into one unit during the first quarter. And we are just getting started. In addition to satellite radio, customers who buy or lease an equipped vehicle are eligible to receive a 3-month trial subscription to one or more of the following services. Most sports fans already know and love Fubo TV. I also cancelled my SiriusXM as Fox News was the ONLY thing I listened to on that. We are very encouraged by the conversion lift we see in vehicles with 360L today, and we are just getting started. Eduardo Razo. [Operator instructions] Please note, this conference is being recorded. There has been media speculation that Tucker Carlson and Don Lemon, two cable talk hosts that lost their jobs this week, could turn to podcasting or satellite radio as their next moves. And it's really just one piece of the puzzle as we look at our economics with our OEM partners. Newsmax's Steve Malzberg Show To Air On SiriusXM - All Access What is SiriusXM, What's On, Subscriptions, Shop and Listen Online. Clearly, with negative 347 this quarter, we are expecting, as we said, improvements quarter-over-quarter. SiriusXM reported a rare drop in satellite radio users for the first quarter, and it told analysts to expect those figures to trend downwards throughout 2023. I mean, the economy, we just had a soft GDP number a couple minutes ago. Joel Osteen Gets His Own SiriusXM Satellite Radio Channel By Newsmax Wires | Tuesday, 03 June 2014 06:35 AM EDT Comment Print A A Joel Osteen's "America's Night of Hope" at Yankee Stadium on Saturday will introduce national listeners to the Texas pastor's own channel on SiriusXM satellite radio. We plan to tackle these issues with a new data-driven platform launching later this year that allows for more control of the listener experience and improve discovery, fully utilizing our unmatched content lineup. WebSiriusXM Satellite Radio Online Account Center. And 360L brings a lot of those features to life. We increased the number of womens games we deliver to our subscribers to almost 800 broadcasts doubling from the previous season. And we do expect auto sales to continue to grow. DirecTV Stream offers a great range of news channels, including C-SPAN, CNBC, CNN, Fox News, MSNBC, as well as local and regional networks based on your location. While our top pick is Sling, there are 2 other ways to watch live programming, including Fubo TV or DirecTV Stream. Thanks, Matt. And I guess what I wanted to ask about is just a follow-up on the subscriber progression here. Maxar is currently building another SiriusXM satellite, SXM-8, which is scheduled for launch in 2021. These collaborations demonstrate our strategy of inviting people to experience SiriusXM in the way that suits them best. Delete Presets on Sirius Radio And maybe how you see that fitting into the broader digital strategy later this year. Self-pay net adds declined by 347,000 a quarter consistent with our expectations given lower fourth quarter vehicle and streaming trial starts combined with seasonally higher churn in the first quarter. You will need to use your smartphone to get the app and connect it to the internet. As we previously discussed, CapEx should increase by some 200 million for the full year 2023 as we ramp SXM-11 and SXM-12 on top of ongoing preparation for SXM-9 and SXM-10. The change in royalties was driven by the expiration of the discounted rates on pre-1972 music as of the end of 2022 and a CRB announced 9% CPI inflator on webcasting performance rights and programming and content expenses climbed 6% due to increased licensing fee and production costs. Check out what's airing right now in our TV Guide. We are already beginning to see benefits from cost reductions implemented in Q1 across every element of our business. You may disconnect your lines at this time. SiriusXM So one of the things were most proud of is what you alluded to the true diversity of voices we have on the platform and basically letting our subscribers and listeners and trialers decide what they want to listen to at any given moment. And then over the last few years, especially during COVID, there was a massive acceleration in the percentage of millennials buying cars. So your commentary on the intent to buy and the improving funnel sounds constructive. As we begin, I'd like to remind our listeners that today's call will include discussions about both actual results and adjusted results. So some OEMs will choose to pay for the trial and receive a higher subsidy and obviously, there's the impact of revenue share as well. As it now looks to do build its digital business, the company is rethinking how that spoken word content is delivered. And that may be at the top end of the range, but I still think there's opportunity. Sirius XMs Q1 2023 earnings per share is expected to be 8 cents as per Trefis analysis, higher than the consensus estimate of 7 cents. Sirius XMs Super Bowl broadcast this year was the most listened to in our history and strong engagement continued during March Madness, particularly with NCAA Womens Basketball. Pause and rewind live radio. Sirius XM (SIRI) Q4 2022 Earnings Call Transcript, U.S. Money Supply Is Doing Something It Hasn't Done in 90 Years, and It May Signal a Big Move for Stocks, Why I Refuse to Chase the Maximum Social Security Benefit, A Bull Market Is Coming: 3 Stocks to Buy Without Hesitation, 1 Trillion-Dollar Growth Stock Down 28% You'll Regret Not Buying on the Dip, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. You can watch Newsmax TV on your Pixel or Samsung or Nokia or whatever type of Android you have! Invest better with The Motley Fool. I just saw a stat the other day that we watch quite frequently about intent to buy, and it's at one of the highest levels we've seen over the last couple of years. Good morning. Please proceed with your questions. We're investing in the new platforms. WebStream SiriusXM on the go and at home. And on that note, Tom if you could just give us an idea, your key priorities coming into the role, sort of whats at the top of the bullet point list on the whiteboard in your office? And how does that affect the placement and role of the SiriusXM product? The company ended March with just over 34 million subscribers for its radio service: a rise of just 0.2%. During the first quarter, we generated $144 million of free cash flow, down from $258 million in the prior year. I'm truly excited about this opportunity and join the conversation with investors and analysts and meet many of you in the coming weeks. As well as what would the longer-term impacts be from any of the newer auto deals since we saw some of the promo numbers increase here. Learn More, Sirius XM(SIRI 2.70%)Q12023 Earnings CallApr 27, 2023, 8:00 a.m. Certainly, theres still uncertainty in the second half I think, but we are hopeful that the market will continue to recover. Thanks, Stephen. Thanks, Steven. Podcast ad revenue jumped 34% during the first quarter compared to a year ago. It'd be great to maybe hear how you're thinking more broadly about leveraging capital allocation. So it's like anything else. Furthermore, OAN (One American News), known as a great Sirius XM shares hit a new seven-year low last month. Question on the new trends. Analysts see flat results, in line with Sirius XM's uninspiring full-year guidance. And I think, ultimately, ARPU as well because we can deliver even more content and features to our subscribers. Newsmax Sirius XM reports its first-quarter results on Thursday morning. Like how should we think about the cadence of ARPU from here this year? And our goal, of course, is to continue a disciplined and thoughtful approach to capital return. Plus, we've compiled a list of the best overall streaming services for sports fans. Listen to Live callers vent their frustrations with the corrupt career politicians on Capitol Hill, hilarious music political parodies from Jim Gossett, and above all, DON'T CATCH THE STUPID!!! Podcast audio version of Newsmax TVs Greg Kelly Reports. We're investing in satellites. Do not get confused with these three mediums. No matter how or where they want to listen. Sirius XM has fallen short of Wall Street's profit targets in two of the past three quarters, and Thursday's financial update might not provide any relief. Alexa, sign up for to Sling, Fubo TV, or DirecTV Stream to get Newsmax TV on Amazon devices. In the Pandora and off-platform segment, total revenue was $462 million, nearly flat with prior year. And as Tom referenced earlier, we also expect each quarter going forward to be better to the prior quarter. This past quarter, we combined Sirius XMs podcast group and comedy and entertainment group into one unit. What channel is NewsMax on Sirius XM The fourth quarters trial starts declined sequentially by 3% and 7% for new and used vehicles, respectively, and this reduced conversion opportunities for us in the first quarter. WebThe SXM App delivers the ultimate SiriusXM experience including ad-free music, plus live sports, original talk shows, Howard Stern, exclusive comedy, news from every angle, and more. Additionally, we debuted our first-ever integrated billing with T-Mobile, expanding upon our existing six-month SiriusXM streaming offer and adding a Pandora Premium four-month trial offer, making it even easier for trialers to transition into paying subscribers.