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. Welcome to Sirius XMs first quarter 2023 earnings conference call. 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. 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. Our team is working diligently to position us for success in the second half of 2023 and beyond, and I'm excited to see how this year shapes up. 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 it's powering record engagement of this content. Sirius XM We help resolve pain points facing marketers by using greater automation and making buying more efficient. And so were really well positioned on the podcasting side. And in March, we started to see that tail off a little bit. Devices supported by DirecTV Stream include: web browsers, Android, iOS, Amazon Fire, Roku, Chromecast, Apple TV, LG/Samsung Smart TVs, and Xbox One. The Rob Carson Show Podcast. All of this is a testament to our leading position in talk audio and we will continue to leverage our world class content to draw in new Sirius XM subscribers, while also giving ad supported listeners access to our high quality programming. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. And right now, we're certainly seeing significant take-up in Android Automotive operating system, the integrated software from Google. Were investing in the new platforms. We have a service with very high satisfaction, low churn and one of the leading ARPUs across direct-to-consumer media, not just audio. Okay, James, Ill go first. On the self-pay side, I would continue to expect improvements in year-over-year comps, as we roll out the rate increase, itll be less impactful than the last time we did the rate increase because weve focused primarily on full price plans. Good morning. On the used car market, just to start with that, the used car sales were actually pretty strong in the first couple of months of the year. And while that growth will continue, it's actually come down to more normalized level at this point. 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, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Pandora was supposed to be a catalyst for growth, a digital escape hatch the moment that satellite radio would prove transitory and eventually obsolete. I mean what portion are coming in on that platform? The focus comes as advertising has more attention at SiriusXM, despite an ad market that is presenting challenges for most other companies. And then maybe the same question sort of on the in-car business, I think the trial starts are starting to improve. Discover 400+ channels that include: * Ad-free music dedicated to your favorite decades, hits, styles, and genres. Hi. And then over time, in the years to come, it will get to 80% of our trial starts. And is it really the downward pressure we've seen over the last few years had a lot to do with the dramatic increase we saw in pen rates over that time period. Sirius followed their initial launch with two more which gives them a total of three active satellites in orbit which deliver high-quality radio programs. Sirius XM And how the new next generation Sirius XM experience will help improve that over the course of 2023? Get your subscription for $40 per month and get access to Newsmax TV and others, like Bloomberg, BBC America, and Cheddar Business. We intend to make prudent decisions to remain a very profitable business that continues to serve as a primary audio subscription service for certain audience segments while being complementary to interactive services for others. 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. Satellite Radio Talk to you later. Theres so much to do here! With its focus on sports content, fuboTV is a haven for any sports lovers out there. This will have positive implications to ARPU, conversion, retention and subscriber growth in 2024 and beyond. For Sirius XM radio, Sirius XM packages can be bought. Rob Carson's background includes writing comedy for the legendary late Rush Limbaugh, and many refer to Rob as "the modern-day Rush." While we continue to see opportunities for a bigger streaming-only business, car sales will remain the dominant driver of our subscriber funnel. 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. SiriusXM 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. I would like to remind everyone that certain statements made during the call might be forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. Sirius XM And Sean, best of luck in your new opportunity. And podcasting continues to be a bright spot. Newsmax Learn More, Sirius XM(SIRI 2.70%)Q12023 Earnings CallApr 27, 2023, 8:00 a.m. I'm glad you extended your tenure in the media industry here. 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. And I guess what I wanted to ask about is just a follow-up on the subscriber progression here. With upwards of a thousand hours of DVR space and multiple simultaneous streams available, youll never miss a game. We will also begin to see 360L capable vehicles and our used car trial starts as well. And it's really just one piece of the puzzle as we look at our economics with our OEM partners. While we continue to see opportunities for a bigger streaming-only business, car sales will remain the dominant driver of our subscriber funnel. So I wouldnt expect to see major changes in our streaming net adds until after that. Seasonality in advertising revenue in these strategic cost saving measures should deliver ramping EBITDA in the second, third and fourth quarter. And as Tom referenced earlier, we also expect each quarter going forward to be better to the prior quarter. 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. So Q1 was impacted, as we said, by lower fourth quarter trials than third quarter. SiriusXM CEO Jennifer Witz says there are opportunities to combine live radio shows with on-demand podcasts to better serve the listening preferences of its subscribers. What is SiriusXM, What's On, Subscriptions, Shop and Listen Online. Pause and rewind live radio. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. If you're someone who watches a lot of news, you probably want to subscribe to a streamer with access to the most popular news channels. That may be at the top end of the range, but I still think theres opportunity. So we look at this probably more often than not, but we spend a lot of time looking at this. Our next question is coming from the line of Ben Swinburne with Morgan Stanley. February 16, 2022. 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. But we're still waiting to launch a lot of these underlying capabilities and functionality to be able to support the streaming business, not only for streaming-only subscribers but also as it continues to support our in-car business through customers listening outside of the car and 360L in the car. Question on the new trends. Thank you, and good morning, everyone. WebComplete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. So with that, let's jump right into it. We expected Q1 to be a low point in terms of net ads. Thanks, Hooper, and good morning, everyone. Some sports might be live on Fubo TV right now. Whether you have a Fire TV Stick or a Cube or another device, you can get access to Newsmax TV. SIRI earnings call for the period ending March 31, 2023. So Stephen, the Walmart and T-Mobile have been great partners and Im very pleased that weve been able to launch with them and test out different trial offers. *Average returns of all recommendations since inception. And obviously theres the impact of revenue share as well, and were constantly navigating the interaction of those three economic levers with increasing penetration rates where it makes sense. One, we don't comment on anything we're looking at directly. 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. We had a really solid quarter with ad revenue down just 2%. SiriusXM The beat remains the same, even if this isn't likely to be a beat on Thursday. Like how should we think about the cadence of ARPU from here this year? Cayman Kelly Celebrates 19 Years on Satellite Radio - MarketWatch Have an iPhone? Some of that's market conditions and some of that is more efficiently buying and specific channels. I mean, the economy, we just had a soft GDP number, a couple of minutes ago. To make the world smarter, happier, and richer. But we are continuing to see progress in advance of that on 360L. Certainly, there's still uncertainty in the second half, I think, but we are hopeful that the market will continue to recover and the great thing about our guidance is that even the cost reductions we put in place, we're really well-positioned even if the market trends a little softer going forward. Im confident that Toms perspective, diligence, financial expertise, and history with Sirius XM will serve him well as he steps into the CFO role. And while that growth will continue, its actually come down to more normalized level at this point and get the competitive challenges we have are easily solved with 360L and the new platform that were launching. Best Streaming Services for Local Channels, best overall streaming services for sports fans, How to Watch NewsNation Live Without Cable 2023 - Top 4 Options, Big families (or roommates or friends) can watch. And podcasting continues to be a bright spot. We do expect to see future quarter-over-quarter progress in self-pay net adds but we still anticipate being modestly negative for the full year in aggregate. I would expect the second half to be positive and that sort of nets us out to the modestly negative. Our strong distribution, investment in new product offerings, and our unmatched content offering that provided a foundation for future growth. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Our very distribution models, subscription and ad supported reach audiences wherever and however they want to listen and bring value to the Sirius XM subscription as exemplified by recent deals with Kevin Hart, Kelly Ripa and Tom Brady. Howard Stern Nears Deal With Sirius XM for Around $120 Is It Time to Buy This Year's Worst-Performing Growth Stocks? Published: April 25, 2023. 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. SiriusXM Thanks, Steven. Jennifer, maybe just a follow-up on that line of discussion. I would like to remind everyone that certain statements made during the call might be forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995. If you're looking for the best way to stream Newsmax TV, Sling is our team's top pick. And thats due to the great content relationships we have on the representation side. have, you can watch Newsmax TV on an iOS device with ease. Today, we'll have prepared remarks from Jennifer Witz, our chief executive officer; Sean Sullivan, our chief financial officer; and Tom Barry, who will assume the position of CFO tomorrow. Despite market and business challenges, Im proud of our good start to the year. Question on the new trends given the new Mercedes-Benz deal and some recent price increases, what are the impacts on ARPU in the near-term? I will start on advertising and hand it over to Scott on your second question. Thanks everybody for participating today. Please proceed with your questions. Theres so much to do here! 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. Following this build cycle, we do not anticipate any spending on satellites for many years. On conversion rate, 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 for new car in the low 20s for used. But our team's pick for most people to watch . 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.