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Here's where you can and can't watch Newsmax TV without cable. We expect to see more rapid feature adoption tied to automakers' incorporation of the Android Automotive Operating System with our 360L platform beginning later this year. Tuesday, 06 October 2020 07:21 PM EDT Howard Stern, the radio shock jock whos maintained his star power in the podcasting era, is nearing a contract renewal with For more information about those risks and uncertainties, please view Sirius XMs SEC filings and todays earnings release. Gross profit in the Pandora and off-platform segment was $111 million, down 19% and representing a margin of 24%. [Operator Instructions] Please note this conference is being recorded. And returning this fall, Let's Go, hosted by Tom Brady, Larry Fitzgerald, and Jim Gray, will be available first to our subscribers, then on-demand exclusively in our app. The advertising market has also been in a slump since recessionary fears began heightening. Additionally, we debuted our first ever integrated billing with T-Mobile, expanding upon our existing six-month Sirius XM streaming offer and adding a Pandora premium four-month trial offer, making it even easier for trialers to transition into paying subscribers. And please let me add my welcome to Tom Berry, who may be new to this call, but is a veteran of Sirius XM and its finance organization since 2009. Please proceed with your questions. We are confident that the upgrade will boost engagement and customer satisfaction for indoor and streaming only customers alike, she said. The company ended March with just over 34 million subscribers for its radio service: a rise of just 0.2%. Learn More. 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. Is this happening to you frequently? We ended the quarter with a leverage at 3.4 times, which is within our targeted range of low to mid threes. So that sets us up well for the in-car funnel. Is It Time to Buy This Year's Worst-Performing Growth Stocks? Published: April 25, 2023. And we're working closely with the OEMs and with Google is that rolls out, the majority of OEMs have either announced or in process of moving toward that operating system. The Motley Fool has no position in any of the stocks mentioned. And then secondly, it's a bit of a more depressed question than an analyst question. Thats very helpful. This decline of $114 million is principally the result of increased satellite capex of $103 million as we invested the construction of SXM-11 and 12 and a one-time severance payment of approximately $15 million related to our cost optimization strategy. SiriusXMs satellite radio service has been built in part with the help of dozens of talk personalities, most notably Howard Stern. Subscribe for FREE! Thanks, Steven. In the Pandora and Off-Platform segment, total revenue was $462 million, nearly flat with prior year. And we've settled in at this sort of range in the low 80s that I think is the optimal place for us going forward. And once again, we saw the seasonally higher churn we tend to see in Q1. The satellite radio provider has sold out now. Our team took Fubo TV for a test drive and put all of our thoughts together in our Fubo TV review. No matter how or where they want to listen. Discover 400+ channels that include: * Ad-free music dedicated to your favorite decades, hits, styles, and genres. And we're really focused, again, heads down on investing in this new platform and making sure that that positions us for growth going forward. The next question is from the line of David Joyce with Seaport. Thank you. It'd be great to maybe hear how you're thinking more broadly about leveraging capital allocation. Just help us think about bridging the Q1 losses toward better numbers in the back half between those two subscriber bases, if you would. Podcasting ad revenue was up 34% year-over-year in the quarter. 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. 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. Welcome to SiriusXM's first quarter 2023 earnings conference call. Thanks. 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. The dynamics are tough in the market because many buyers as new car prices start to come down, may migrate from used cars to new cars, and inventories are still pretty tight on the used car side. Our Q1 results were better than we expected certainly based on where trends were heading in December or January. All discussions of adjusted operating results exclude the effects of stock-based compensation. Our Q1 results were better than we expected, certainly based on where trends were heading in December or January, we had a really solid quarter with ad revenue down just 2%. Well, were still very strongly positioned with churn at just over 1.6%. That's why we recommend trying Sling. 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. Most sports fans already know and love Fubo TV. Great. WebWhat channel is NewsMax on Sirius XM Sirius M offers a delightful variety of channels designed to suit anyones taste. There are things worse than single-digit revenue growth. We haven't changed the guidance on subscribers, so still expecting modestly negative for the year. Good morning, everyone. As you know, it is a big part of our funnel but we have seen used car trial starts did increase in Q1 versus Q4, which sets us up well. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Thank you, Ben. 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. Entertainment Television, ESPNU, Freeform, FX, Science, FYI, MTV2: Music Television, Animal Planet, BBC America, CMT, and more. And to the point on 360L, can you give us a sense of right now how material 360L is for your subscriber acquisitions? 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. WebA longtime Newsmax contributor, #1 rated radio host and successful columnist, Gerry Callahan calls it like he sees it and offers sharp commentary on the news of the day. 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 With an emphasis on politics, Gerry also brings his unique takes on major sports stories and cultural issues. SiriusXM Satellite Radio Plans and Subscription Tiers SiriusXM offers two plan types. Thanks, Matt. To make the world smarter, happier, and richer. Generally, the expectation was modestly negative. So it's like anything else. What are you guys seeing among OEMs in terms of their positioning around third-party interfaces on the dash versus their own, and how does that affect the placement and role of the Sirius XM product? Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. Not every app is available on Apple's App Store, but depending on the streaming service you. Hey, great. Thank you. 1. As previously discussed, we reduced marketing spend, particularly around streaming in anticipation of product improvements we are launching later this year. By. Were looking at opportunities No matter what device you have at home, it's probably possible to watch Newsmax TV on it yes, even without cable. Overall ad revenue slid 2% from a year earlier to $375 million, but Witz called those results solid and said SiriusXM benefited from its investments in ad tech, especially for its programmatic sales platform. We see significant in-car conversion improvements when trialers engage with features that enable more control in discovery, including our more targeted extra channels, Pandora artist stations, and enhanced recommendations. What do you see as the right leverage profile, the right mix of capital returns? But you just have two rather polarizing TV news personalities becoming available, albeit, some bad actor issues at Tucker Carlson, Don Lemon. Yes, Newsmax TV is included in your DirecTV Stream subscription. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. WebThere are many ways to watch Newsmax TV without cable, including Sling, Fubo TV, or DirecTV Stream.. Pandoras ad hours were 2.59 billion, declined just 4% year-over-year as hours per active users climbed 4.5% with 21 hours per month. Please proceed with your question. Sirius XM shares hit a new seven-year low last month. At the corporate level, G&A was up 21% with the majority of the increase driven by litigation expenses and investment asset adjustments on our employee deferred comp plan. 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. First, Sean, good luck. At this time, Ill turn the conference over to Hooper Stevens, Senior Vice President of Investor Relations and Finance. So I wouldn't expect to see major changes in our streaming net ads until after that. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Thank you for taking the question. As we approach the launch of our next generation Sirius XM experience, we are confident that the upgrades will boost engagement and customer satisfaction for in-car and streaming-only customers alike. This new experience will emphasize simplicity and elegance provide more control and discoverability and drive greater consistency between in-car and streaming experiences better catering to our subscribers as they increasingly listen across devices. And I think were very well positioned to deliver our service through AOS [ph]. Pause and rewind live radio. Thank you. But we are continuing to see progress in advance of that on 360L. SIRI earnings call for the period ending March 31, 2023. Thanks. Pause and rewind live radio. Learn more about Sling plans and pricing. Our ad-supported portfolio from Pandora to the SiriusXM Podcast Network, which also includes two of the largest Hispanic podcast networks with Pitaya and reVolver offers opportunities for advertisers to reach large and diverse audiences in audio. The choices for watching Newsmax TV aren't limited to our top picks. And then maybe the same question sort of on the in-car business, I think the trial starts are starting to improve. Yes, Newsmax TV is included in your Fubo TV subscription. This feature drives listener engagement that leads to higher retention. 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. Sirius XM Holdings Inc. (NASDAQ:SIRI) Q1 2023 Earnings Conference Call April 27, 2023 8:00 AM ET, Hooper Stevens Senior Vice President-Investor Relations and Finance, Scott Greenstein President and Chief Content Officer. With strong similarities between talk radio and podcast, we can do more to seamlessly integrate them across our service and provide more control and discoverability for our subscribers. But we're not seeing any major changes in the market that I would highlight. 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!!! Our extensive portfolio includes chart-topping podcasts by Earwolf and Team Coco and exclusive channels featuring A-list talent like Andy Cohen Inks and Conan OBrien. 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. We ended the quarter with a leverage at 3.4 times, which is within our targeted range of low to mid-threes. [Operator Instructions] Thank you. So the number in Q1 was anticipated, right? You will need to use your smartphone to get the app and connect it to the internet. Thank you. I mean, the economy, we just had a soft GDP number, a couple of minutes ago. Thanks, David. 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 I think ultimately, ARPU as well because we can deliver even more content and features to our subscribers. Putting all this together, adjusted EBITDA of $625 million was down 9% over the prior year. As we develop our new SiriusXM platform, we are rethinking how we surface and deliver talk content and see opportunities to better combine live shows with on-demand podcasts to serve the diverse preferences of listeners. That's very helpful. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. Seasonality in advertising revenue and the strategic cost-saving measures should deliver ramping EBITDA in the second, third, and fourth quarter. Flixed is a website run by a small remote team that helps people navigate the rapidly evolving streaming ecosystem. I mean, what portion are coming in on that platform? DirecTV Stream plans start at $69.99. 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 inflater on webcasting performance rights. Gross profit in the Pandora and Off-Platform segment was 111 million, down 19% in representing a margin of 24%. 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? Thank you. I will start on advertising and hand it over to Scott on your second question. 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. Our next question is coming from the line of Ben Swinburne with Morgan Stanley. As Jennifer noted, the first quarter played out as we expected, albeit with a bit stronger finish to our advertising revenue performance and gradually improving trial starts. Thanks Matt. Whether you have a Fire TV Stick or a Cube or another device, you can get access to Newsmax TV. And, Sean, best of luck in your new opportunity. And secondly, regarding the satellite radio side, GM has announced that theyre planning on dropping Apple CarPlay. In fact, that's why Sling is our top pick for watching Newsmax TV without cable. So I think there is a case to be made for demand to start coming back, maybe some of the pent-up demand to be released and auto sales to slowly, but incrementally improve over the course of the year. When it cuts to commercial break, notice how its NOT the same ads? ET. 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. Now I listen to I think, GM seems to be somewhat unique in that path. We expect this margin to trend favorably for the remainder of the year. Thank you, Jennifer. And it's driven a lot by the programming additions that we've made and the streaming access. And we're just in the phase of really testing and learning on these rollouts and we'll be much better positioned when we build out some of the capabilities in the new platform in terms of easier sales flows, better onboarding, more personalized recommendations to take advantage of these partnerships going forward. SiriusXM bought Conan The Gerry Our Fubo TV plans and pricing article breaks down all of the Fubo TV plans. We increased the number of womens games we deliver to our subscribers to almost 800 broadcasts doubling from the previous season. And 360L brings a lot of those features to life. 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.

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