is newsmax on siriusxm satellite radio

The Howard Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. I will now turn the call over to Sean for some brief remarks, and then Tom will go through the financials in more detail. Like how should we think about the cadence of ARPU from here this year? And yes, the trends that we saw in Q1 in large part are reversing as we go through the year. Plenty of news shows are airing live now on DirecTV Stream. Sirius XM used to be a darling for speculators, screaming fans who would cheer its every uptick and downtick. And we will continue to be active in generating trials. Is It Time to Buy This Year's Worst-Performing Growth Stocks? Welcome to Sirius XMs First Quarter 2023 Operating and Financial Results Conference Call. Sirius XM Please proceed with your questions. Thanks for that color. These collaborations demonstrate our strategy of inviting people to experience SiriusXM in the way that suits them best. 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. So it's like anything else. 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. Read our full review of Sling and visit our TV guide to Sling to find out what you can watch right now. Thank you. With And as Tom referenced earlier, we also expect each quarter going forward to be better to the prior quarter. Theres so much here you can explore it forever, and while 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. SiriusXM Prices and Packages. Stream Newsmax | Free Internet Radio | TuneIn Kelly's new hit, Let's Talk Off Camera, is first released widely as a podcast but also airs on Radio Andy. Great. But we are actually holding back largely until the launch of the new platform, which is in the fourth quarter. James Ratcliffe -- Evercore ISI -- Analyst. In the Pandora and off-platform segment, total revenue was $462 million, nearly flat with prior year. For example, we introduced a new in-app onboarding experience for users to select genres allowing faster, more efficient access to the most relevant content. This satellite CapEx spending will be in the $300 million range per year in 2023 and 2024 before declining to approximately 175 million in 2025, approximately 80 million 2026, and approximately 20 million 2027. Our next question is coming from the line of Stephen Laszczyk with Goldman Sachs. Welcome Tom. But were not seeing any major changes in the market that I would highlight. Competition is maybe a bit higher now. 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. People find our way to our door, and we consider a lot of factors before we make any decisions. 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. In many ways, Sirius XM Holdings(SIRI 2.70%) is an edgy rock band that has gone mainstream. 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? The beat remains the same, even if this isn't likely to be a beat on Thursday. So younger generations, in particular, are looking for more opportunities to control is nay experience. And maybe how you see that fitting into the broader digital strategy later this year. Download the SiriusXM Dealer App. We advise listeners to not rely unduly on forward-looking statements and disclaim any intent or obligation to update them. Is It Time to Buy This Year's Worst-Performing Growth Stocks? This past quarter, we combined Sirius XMs podcast group and comedy and entertainment group into one unit. Steven Cahall -- Wells Fargo Securities -- Analyst. 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. Our strong distribution, investment in new product offerings, and our unmatched content offering that provided a foundation for future growth. When it cuts to commercial break, notice how its NOT the same ads? And secondly, we look at the totality of the package between the talent, the issues that allow them to be freed to negotiate and other things. It will be less impactful than the last time we did the rate increase because we focused primarily on full-price plans, and that has a lot to do with maintaining our promotional plans and market our discounted plans to be able to better onboard and retain our subscriber base where it makes sense. 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 I think we're very well-positioned to deliver our service through AAOS. Sirius XM Thanks, Steven. These and all forward-looking statements are based upon management's current beliefs and expectations and necessarily depend upon assumptions, data, or methods that may be incorrect or imprecise. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. On the positive side, however, our test-and-learn strategy will enable us to improve streaming subscriber results sequentially throughout the remainder of the year, even with a lower baseline of spend. We expect this margin to trend favorably for the remainder of the year. Pleasure working with you and good luck on the next gig, keep them in the fairway. 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. Yes, Newsmax TV is included in your Sling subscription. Thank you for taking the question. discussions about both actual results and adjusted results. 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 in particular with Walmart, were testing an offer that allows consumers to choose, do they want a satellite trial or an in-car trial or a streaming trial? With upwards of a thousand hours of DVR space and multiple simultaneous streams available, youll never miss a game. First, Sean, good luck. Thanks, Stephen. 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. The Howard Stern Show will air live May 13 from the SiriusXM Miami studios, where Stern will be joined on-air by various music and celebrity guests. Yes, Barton. Here you've come in and you've updated financial guidance. And, Sean, best of luck in your new opportunity. You'll be missed. And we are seeing even better conversion rates among younger trialers who have 360L relative to older generations, and particularly our core audiences who know our service and are used to navigating it. OK. And to the point on 360L, can you give us a sense of right now how material 360L is for your subscriber acquisitions? Thanks. 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. In closing, I would also like to thank Sean for making this transition as seamless as possible. There are things worse than single-digit revenue growth. Yes. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. Yes, Newsmax TV is included in your Fubo TV subscription. And likewise, for XM radio, only XM packages can be activated. Our Q1 results were better than we expected certainly based on where trends were heading in December or January. But SiriusXM has their own ad-revenue on those news shows. 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. And that is because we're addressing these pain points. I'm truly excited about this opportunity and join the conversation with investors and analysts and meet many of you in the coming weeks. What are you guys seeing among OEMs in terms of their positioning around third-party interfaces on the DASH versus their own? Here youre seeing the normal effects of seasonally light ad revenue in the first quarter, combined with recent ad headwinds plus the CPI inflater to web streaming royalties. Well, were still very strongly positioned with churn at just over 1.6%. Hi, good morning. Not every app is available on Apple's App Store, but depending on the streaming service you. Barrett Sports Media on Twitter: "Are you ready for the @NFL Draft And secondly, regarding the satellite radio side, GM has announced that theyre planning on dropping Apple CarPlay. And our goal, of course, is to continue a disciplined and thoughtful approach to capital return. Thank you for your participation. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. Sure. This contributed to the expected negative subscriber growth in the quarter. WebNewsmax isn't a paid service (for the listener) and depend on ad revenue. What do you see as the right leverage profile, the right mix of capital returns? Shows & Schedules 124 Listen Live SiriusXM Patriot The other two components of Sirius XM's full-year outlook -- adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of roughly $2.7 billion and $1.05 billion in free cash flow -- are well below last year's results. Im glad you extended your tenure in the media industry here and to Tom, congratulations. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Sirius XMwasn't one of them! Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Were investing in satellites. The growth catalysts just aren't there. Overall, SiriusXM revenue declined two percent during Q1 versus a year ago to $2.14 billion, as its earnings also declined nine percent. With more than a decades experience working closely together, I know that Toms deep institutional knowledge and broad finance experience will be invaluable as we drive growth across the business and continue our commitments to customers, employees and shareholders. Thank you, and good morning, everyone. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Advertising revenue of $334 million decreased slightly by 1% in the first quarter. We are already beginning to see benefits from cost reductions implemented in Q1 across every element of our business. Satellite Radio We may receive an affiliate commission from product sales generated through these affiliate links. Apr 27, 2023, 8:00 a.m. Good morning. Newsmax's Steve Malzberg Show To Air On SiriusXM - All Access And its driven a lot by the programming additions that weve made and the streaming access. The next question is from the line of David Joyce with Seaport. This past quarter, we introduced a first of its kind six-month trial offer for Walmart+ members, giving them the choice of in-car or streaming-only packages. Our Sling review also includes more about why our team loves Sling. Although we continue to be cautious about the overall ad sales market, we still see tailwinds in podcasting. Well target leverage in the low to mid-3s in light of the macroeconomic factors. 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. An iPad? And we're constantly navigating because the interaction of those three economic levers with increasing penetration rates where it makes sense. Thank you. Listen online or download the iHeart App. Our next question is coming from the line of Stephen Laszczyk with Goldman Sachs. First of all, Sean, thanks very much. I think youll see continuity as I lead our talented finance team and continued our disciplined approach financial decision making. Here's why: If, for whatever reason, watching Newsmax TV on Sling doesn't work for you, we've also rounded up 2 more options and we even divided them up into the best picks for people who also watch lots of sports, news, reality TV, and more. Newsmax's Steve Malzberg Show To Air On SiriusXM NEWSMAX's new syndicated and online STEVE MALZBERG SHOW will air on SIRIUSXM RADIO's AMERICA'S Newsmax | iHeart 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. To make the world smarter, happier, and richer. Okay. 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. 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. So I think the impact of OEM prepaid revenue should slowdown in terms of how its flowing through ARPU over time. We haven't changed the guidance on subscribers, so still expecting modestly negative for the year. 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. Here youve come in and youve updated financial guidance. As previously discussed, we reduced marketing spend, particularly around streaming in anticipation of product improvements we are launching later this year. SiriusXM Player: Online Radio, Music, Sports, News, Podcasts & Talk Bring music & The company ended March with just over 34 million subscribers for its radio service: a rise of just 0.2%. They showed a slight decline in its revenues: down 1.9% year-on-year to $2.14bn. Despite market and business challenges, Im proud of our good start to the year. 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. Despite market and business challenges, I'm proud of our good start to the year. Sure. Looking at the capital allocation for first quarter of 2023, we return to $160 million to the shareholders comprised of 94 million of dividends and 67 million of stock repurchases, as we reentered the market following our fourth quarter results. In particular, what are the things that are going to allow for the streaming-only subscriber losses sort of moderate? *Stock Advisor returns as of April 24, 2023. At the intersection of the two, our programmatic podcast sales doubled year over year, albeit off a small base, and contributed to overall podcast ad revenue growth of 34%. Were investing in our future. With these trends and more targeted cost control initiatives, we're now able to increase our full-year guidance for adjusted EBITDA from $2.7 billion to approximately $2.75 billion, and our free cash flow expectations from $1.05 billion to approximately $1.1 billion. The cheapest option is Sling. But we also have a unique setup because we will continue to maintain preferential treatment in terms of display. 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. Please proceed with your questions. And then relatedly, I was just wondering if you could speak to what's going on in the used car market? Could you give us a little bit of color on sort of the puts and takes there? Thank you for joining us. We'll share progress on future quarterly calls, but the first months of 2023 has already brought several exciting product iterations and consumer offers, providing valuable insights for the full platform relaunch later this year. Thank you. This gives us a general idea of the trajectory and the scope of spending. First of all, Sean, thanks very much. I am confident that Tom's perspective, diligence, financial expertise, and history with SiriusXM will serve him well as he steps into the CFO role. Are you seeing any flex in terms of the categories that are participating or just kind of tailwinds for audio advertising or even irrespective of the economy? And we will continue to be active in generating trials. Thank you, and good morning, everyone. And how is that progressing over the course of this year in your view? And we're up about 9 points from 2019 to 2022. February 16, 2022. Thats very helpful. Sign up for your 30-day free trial and login to start listening today! The satellite radio giant will carry every single pick live from Kansas City. We are making significant progress in rolling out our 360L platform and expect to exit 2023 with nearly 40% of new car trials including 360L. 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. 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. Pandora was supposed to be a catalyst for growth, a digital escape hatch the moment that satellite radio would prove transitory and eventually obsolete. 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. 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. Devices supported by DirecTV Stream include: web browsers, Android, iOS, Amazon Fire, Roku, Chromecast, Apple TV, LG/Samsung Smart TVs, and Xbox One. Nonetheless, if you are looking for a conservative 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. Thanks for that color. The reversal isn't necessarily permanent, but it will sting in the near term. Politics Radio: News, Analysis & Opinion | SiriusXM 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. 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. Given the new Mercedes-Benz deal and some recent price increases, what are the impacts on ARPU in the near term? You will need to use your smartphone to get the app and connect it to the internet. I think trial starts are starting to improve, do you have, usually you guys have a pretty good line of sight on that. 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. With its focus on sports content, fuboTV is a haven for any sports lovers out there. Please proceed with your question. SIRI earnings call for the period ending March 31, 2023. 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. Because of 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 2023s free cash flow later in the year. Plus, we've compiled a list of the best overall streaming services for sports fans. But we are well-positioned to make sure that our incorporation sustains through whatever model the OEMs choose to pursue. If you're looking for the best way to stream Newsmax TV, Sling is our team's top pick. Sirius XM I was hoping you can maybe talk a little bit more about the third-party distribution strategy. So that pressure will abate to some extent. 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. SiriusXM Free HBO Max, Showtime, Starz, and Cinemax. The Favorites area will appear; click on it, and the web will show all of your presets. The SiriusXM segment delivered $1.7 billion in revenue, which was down 2%, principally due to lower OEM paid promotional trial revenue reflected in our ARPU of $15.29 and declining subscriber revenue at Connected Vehicle, partially offset by a weighted average subscriber base that was up 1% year over year. Sure. And weve settled in at this sort of range in the low-80s that I think is the optimal place for us going forward. Sirius XM reports first-quarter results on Thursday morning.

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