Thank you. Thanks, Steven. And so we're really well-positioned on the podcasting side. As previously discussed, we reduced marketing spend, particularly around streaming in anticipation of product improvements we are launching later this year. No, Newsmax TV isn't included in your YouTube TV subscription. They showed a slight decline in its revenues: down 1.9% year-on-year to $2.14bn. And then to your question on streaming net ads, we did -- to some extent, we've gone through this hurdle of the reduced marketing spend we had in the fourth quarter, and now we're operating at a much more efficient level. WebYou can stream NewsmaxTV with a live TV streaming service.No cable or satellite subscription needed. And programming and content expenses climbed 6% due to increased licensing fee and production costs. One of the things we're most proud of, is 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. But he said while SiriusXM may be a potential or logical home for Carlson or Lemon, Greenstein said they consider the totality of the package which would likely include whether advertisers would support their shows and whether there would be a backlash from subscribers or employees. What Channel is Newsmax on Sirius Radio? Updated 2022 Sirius XM (SIRI) Q1 2023 Earnings Call Transcript So -- and obviously, we'll continue to carry forward with our capital return plan to shareholders. WebSirius XM offers tons of wildly interesting channels you can explore, which can be found by following this link. There are many ways to watch Newsmax TV without cable, including Sling, Fubo TV, or DirecTV Stream. Read our full review of Fubo TV and visit our TV guide to Fubo TV to find out what you can watch right now. Well target leverage in the low to mid-3s in light of the macroeconomic factors. And were really focused, again, heads down on investing in this new platform and making sure that that positions us for growth going forward. SiriusXM Satellite Radio And then over time, in the years to come, it will get to 80% of our trial starts. 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. But Q1 trials have been stronger, were stronger than Q4. *Average returns of all recommendations since inception. Eduardo Razo. Listeners can hear Kevins show Gold Minds on all major podcast platforms with extended episodes available early to subscribers on his Laugh Out Loud Radio channel only on Sirius XM. The reversal isn't necessarily permanent, but it will sting in the near term. Well start seeing it actually come through used car trial starts as well as some of those early cars turn over. Our varied distribution models, subscription, and ad-supported reach audiences wherever and however they want to listen and bring value to the SiriusXM subscription as exemplified by recent deals with Kevin Hart, Kelly Ripa, and Tom Brady. SIRI earnings call for the period ending March 31, 2023. I was just wondering if you could give us an update on that subscriber kind of loose commentary. Looking at the capital allocation for first quarter of 2023, we returned $160 million to the shareholders comprised of $94 million of dividends and $67 million of stock repurchase, as we reentered the market following our fourth-quarter results. I will start on advertising and hand it over to Scott on your second question. One, we dont comment on anything were looking at directly. Its self-paid subscriber numbers also declined two percent to 6.2 million. 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. I mean, the economy, we just had a soft GDP number, a couple of minutes ago. So Q1 was impacted, as we said, by lower fourth quarter trials than third quarter. Scott M. on Twitter: "Same in my house! @FoxNews won't be on This decline of 114 million is principally the result of increased satellite CapEx of 103 million as we invest in the construction at SXM-11 and SXM-12 and a one-time severance payment of approximately $15 million related to our cost optimization strategy. During the first quarter, we generated 144 million of free cash flow, down from 258 million in the prior year. And the cost to acquire trials has gone down. Sirius XM (SIRI) Q1 2023 Earnings Call Transcript, 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. The growth catalysts just aren't there. We will also begin to see 360L capable vehicles and our used car trial starts as well. Complete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. Shows & Schedules 124 Listen Live SiriusXM Patriot Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. Our DirecTV Stream plans and pricing article breaks down all of the DirecTV Stream plans. SiriusXM Player: Online Radio, Music, Sports, News, Podcasts & Talk And as we have always said, business models really do matter. Paying a premium for satellite radio isn't very compelling in this climate, where inflation and interest rates are gnawing away at discretionary income. Please proceed with your questions. We are very encouraged by the conversion lift we see in vehicles with 360L today, and we are just getting started. But were not seeing any major changes in the market that I would highlight. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. So I think the impact of OEM prepaid revenue should slowdown in terms of how its flowing through ARPU over time. We're in about -- I think it's about a third of our new car trial starts have 360L currently, that will increase to about 40% by the end of the year. Mr. Stevens, you may now begin. @SIRIUSXM is. As we approach the launch of our next-generation SiriusXM experience, we are confident that the upgrades will boost engagement and customer satisfaction for in-car and streaming-only customers alike. Look forward to working with you. Any commentary on how those are contributing to either the modest decline or the growing funnel and what we should expect for used car activity this year? The satellite radio giant will carry every single pick live from Kansas City. Our advertising business operated under the unified SXM Media banner delivered solid first quarter results, bolstered by growth in podcast and programmatic sales. We see significant in-car conversion improvements when trialers engage with features that enable more control and discovery including our more targeted extra channels, Pandora artist stations and enhanced recommendations. But SiriusXM has their own ad-revenue on those news shows. WebIndeed, there is no Newsmax on Sirius XM since the corporation strives to keep its networks fair and independent. And we're constantly navigating because the interaction of those three economic levers with increasing penetration rates where it makes sense. You have three options to watch In particular, what are the things that are going to allow for the streaming-only subscriber losses sort of moderate? So with that, let's jump right into it. Investors already saw that happen with the Pandora streaming service in 2022. Our next question comes from the line of Barton Crockett with Rosenblatt Securities. We help resolve pain points facing marketers by using greater automation and making buying more efficient. So that pressure will abate to some extent. 13. WebComplete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. Ending May 2 at 11:10AM PDT 6d 21h. Thanks, Hooper, and good morning, everyone. Thank you. Good morning, everyone. The Rob Carson Show gives you a humorous yet concerned analysis of daily political events and how they affect struggling Americans, as well as exclusive interviews with influential hard-hitting guests. AAOS will roll out in small volumes initially, but should grow materially to become the dominant OEM operating system improving 360L adoption and feature parody along the way. Hooper Stevens. But we are continuing to see progress in advance of that on 360L. The beat remains the same, even if this isn't likely to be a beat on Thursday. Generally, the expectation was modestly negative. Making the world smarter, happier, and richer. Sales and marketing expenses are lower by 17% as discussed, while engineering, design, and development expenses were up 15% on the back of new product investments. ET. And our goal, of course, is to continue a disciplined and thoughtful approach to capital return. SiriusXM Set to Open New Broadcast Facilities in Miami And again, I kind of apologize for the question, but Id love I cant resist. 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. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Although we continue to be cautious about the overall ad sales market, we still see tailwinds in podcasting. @SIRIUSXM is. We increased the number of women's games we deliver to our subscribers to almost 800 broadcasts, doubling from the previous season. We also launched fluency, a cultural practice helping brands connect with young diverse audiences in audio by providing insights to support campaigns and creative strategy. This feature drives listener engagement that leads to higher retention. Greetings. As we begin, Id like to remind our listeners that todays call will include. On conversion rates, so I talked a bit about this on the last call, but just to add some more color conversion rates are continuing to trend in the low-30s and the for new car in the low-20s for used.
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