Do not sell or share my personal information. Podcast And Satellite Radio Businesses Will Be More Closely Thank you for joining us. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. 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. We're increasingly flexible and even agnostic in how we add subscribers and accommodate listening preferences. Our next question is from the line of Steven Cahall with Wells Fargo. Just since it's your first call as CFO, a follow-up to James' question. So what's key is the rollout, and this has been a long time coming, and the promise of 360L is now delivering. WebSiriusXM Patriot is a conservative talk radio channel on Sirius Satellite Radio channel 125 and XM Satellite Radio channel 125 [1]. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. 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. Could you give us a little bit of color on sort of the puts and takes there? Just subscribe to Sling, Fubo TV, or DirecTV Stream to get Newsmax TV on Android phones. Our advertising business operated under the unified SXM Media banner delivered solid first quarter results bolstered by growth in podcasts and programmatic sales. People find their way to our door and we consider a lot of factors, said Scott Greenstein, SiriusXMs Chief Content Officer. 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. With its focus on sports content, fuboTV is a haven for any sports lovers out there. Not every app is available on Apple's App Store, but depending on the streaming service you. Its self-paid subscriber numbers also declined two percent to 6.2 million. Read on to learn which streamers support both your device and Newsmax TV live streams. Do not get confused with these three mediums. WebWhat channel is NewsMax on Sirius XM Sirius M offers a delightful variety of channels designed to suit anyones taste. And secondly, regarding the satellite radio side, GM has announced that they are planning on dropping Apple CarPlay. First of all, Sean, thanks very much. So its like anything else. 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. Learn more about Sling plans and pricing. James Ratcliffe -- Evercore ISI -- Analyst. For more information about those risks and uncertainties, please view Sirius XMs SEC filings and todays earnings release. So it's like anything else. Sirius XM Stock Has a Lot to Prove This Week | The Motley Fool Following this build cycle, we do not anticipate any spending on satellites for many years. News fans often use antennas for streaming live TV like news shows for free, without cable. This gives us a general idea of the trajectory and the scope of spending. You have three options to watch Were investing in our future. While the exact timing of construction milestone payments can inevitably shift, this gives us a general idea of the trajectory and the scope of spending. Following this build cycle, we do not anticipate any spending on satellites for many years. Cost basis and return based on previous market day close. We advise listeners to not rely unduly on forward-looking statements and disclaim any intent or obligation to update them. 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. Self-pay subscribers decreased by 347,000 during Q1 as a result of fourth quarter declines in trial starts for new and used vehicles, reduced marketing spend, and seasonally higher churn typically seen in the first quarter. We've written even more about why we like DirecTV Stream, but another great option for streaming local news is an OTA antenna. So that sets us up well for the in-car funnel. It had 34 million subscribers as of March 31. 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 But the streaming trial funnel, our challenge has not been trial generation, and weve put very distinct guardrails in place and how were active in performance media in bringing trials into the funnel, partnerships is sort of an untapped opportunity. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Our total new and used car penetration rate was 80% and 55%, respectively and our enabled fleet stands at about 154 million vehicles. And whereas other services, you need to sign up for a data plan, we cover the data costs ourselves. We're investing in our future. February 16, 2022. Apr 27, 2023, 8:00 a.m. The silver lining here -- as Sirius XM plays old hits to a thinning room with no one calling for an encore -- is that the valuation is surprisingly cheap. SiriusXM 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. I was hoping you can maybe talk a little bit more about the third-party distribution strategy. Podcast ad revenue jumped 34% during the first quarter compared to a year ago. 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. Well start seeing it actually come through used car trial starts as well as some of those early cars turn over. And I believe that's 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. If you just drove off the lot in a shiny new vehicle, chances are pretty high that SiriusXM Satellite Radio is (A) a standard feature on your radio and (B) free of charge for a certain period of time. At the intersection of the two, our programmatic podcast sales doubled year-over-year, albeit, office small base and contributed to overall podcast ad revenue growth of 34%. So I think the impact of OEM prepaid revenue should slowdown in terms of how its flowing through ARPU over time. 13. 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. Delete Presets on Sirius Radio The beat remains the same, even if this isn't likely to be a beat on Thursday. Our Fubo TV plans and pricing article breaks down all of the Fubo TV plans. Our DirecTV Stream plans and pricing article breaks down all of the DirecTV Stream plans. In closing, I would also like to thank Sean for making this transition as seamless as possible. WebNewsmax isn't a paid service (for the listener) and depend on ad revenue. If it has a chance to turn things around, investors don't have to wait long for the next big test. What are you guys seeing among OEMs in terms of their positioning around third-party interfaces on the DASH versus their own? And the cost to acquire trials has gone down. 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. And just on the categories, its been continued improvement in travel, restaurants, casino, even automotive is coming back more, which makes sense and then softness in telecom and some financial services. Thanks, David. Welcome to Sirius XMs first quarter 2023 earnings conference call. Podcasting ad revenue was up 34% year over year in the quarter, and that's due to the great content relationships we have on the representation side, our ability to bring brands into podcasting. Sure. 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. 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. Sirius XM reports its first-quarter results on Thursday morning. I mean, the economy, we just had a soft GDP number a couple minutes ago. There are things worse than single-digit revenue growth. And that is because we're addressing these pain points. And I highlighted some of these metrics earlier, but we are seeing definitive increases in conversion rates for trialers, particularly younger trialers are using the features, but also just have 360L capable vehicles. Cost basis and return based on previous market day close. Hey, great. And while we may, in fact, be a potential or a logical home for anybody that fits into those voices. Theres so much to do here! We will also begin to see 360L capable vehicles and our used car trial starts as well. An iPad? I was wondering if you talk a little bit to conversion rates. Hi, good morning. The good news is that Sirius XM is trading for less than 12 times earnings with a reasonable 2.6% yield. We increased the number of women's games we deliver to our subscribers to almost 800 broadcasts, doubling from the previous season. Satellite Radio So how do you think about conversion rates on new car trials today versus where you were historically, I think, in that sort of mid-30s range? 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. Nonetheless, if you are looking for a conservative SiriusXM Satellite Radio And again, I kind of apologize for the question, but Id love I cant resist. Greetings. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. If you have an ad-blocker enabled you may be blocked from proceeding. So the number in Q1 was anticipated, right? These collaborations demonstrate our strategy of inviting people to experience SiriusXM in the way that suits them best. 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. Were increasingly flexible and even agnostic in how we add subscribers and accommodate listening preferences. Cayman Kelly Celebrates 19 Years on Satellite Radio - MarketWatch SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. 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. So your commentary on the intent to buy and the improving funnel sounds constructive. Our team is working diligently to position us for success in the second half of 2023 and beyond. And were really focused, again, heads down on investing in this new platform and making sure that that positions us for growth going forward. 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. Im glad you extended your tenure in the media industry here and to Tom, congratulations. Satellite Radio At this time all participants are in a listen-only mode. 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. Hooper Stevens -- Senior Vice President, Finance and Investor Relations. Sirius XM reports first-quarter results on Thursday morning. 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 SiriusXM subscribers while also giving ad-supported listeners access to our high-quality programming. What Channel is Newsmax on SiriusXM Radio? As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. While we continue to see opportunities for a bigger streaming-only business, car sales will remain the dominant driver of our subscriber funnel. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. 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 Prices and Packages. 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. What Channel is Newsmax on Sirius XM Radio? - hamtronics.com WebListen to music, live sports play-by-play, talk & entertainment radio and & favorite podcasts. Tom Barry -- Incoming Chief Financial Officer. 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. Please proceed with your questions. 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. Alongside our ad tech success, this quarter, we renewed U.S. and international sales agreements with SoundCloud and our advertising relationship with the owned podcast network. 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. But SiriusXM has their own ad-revenue on those news shows. But we are well-positioned to make sure that our incorporation sustains through whatever model the OEMs choose to pursue. AAOS will roll out in small volumes initially but should grow materially to become the dominant OEM operating system, improving 360L adoption and feature parity along the way. 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. Harts podcasts will continue to air on satellite radio prior to their release as a podcast, and Hartbeat will also produce broadcast-specific content. So one of the things we're 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. I was hoping you could maybe talk a little bit more about the third-party distribution strategy. SiriusXM Set to Open New Broadcast Facilities in Miami 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 previously discussed, we reduced marketing spend, particularly around streaming in anticipation of product improvements we are launching later this year. And how the new next generation Sirius XM experience will help improve that over the course of 2023? They showed a slight decline in its revenues: down 1.9% year-on-year to $2.14bn. 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. So with that, let's jump right into it. 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. So your commentary on the intent to buy and the improving funnel sounds constructive. I mean, the economy, we just had a soft GDP number, a couple of minutes ago. Sirius XM 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.
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