is newsmax on siriusxm satellite radio

And, Sean, best of luck in your new opportunity. The fourth quarter's trial starts declined sequentially by 3% and 7% for new and used vehicles, respectively, and this reduced conversion opportunities for us in the first quarter. Harts podcasts will continue to air on satellite radio prior to their release as a podcast, and Hartbeat will also produce broadcast-specific content. Back out the acquisition of the Pandora streaming service that artificially inflated top-line results in 2019, and Sirius XM investors have been treated to eight consecutive years of single-digit organic revenue growth. 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. 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. A question-and-answer session will follow the formal presentation. Thank you. Satellite Radio Thank you. Thanks, Hooper, and good morning, everyone. If it has a chance to turn things around, investors don't have to wait long for the next big test. 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. But we are well-positioned to make sure that our incorporation sustains through whatever model the OEMs choose to pursue. Well target leverage in the low to mid-3s in light of the macroeconomic factors. Thanks, Matt. Podcast ad revenue jumped 34% during the first quarter compared to a year ago. 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. SiriusXM Satellite Radio Channel Thanks, Steven. Pleasure working with you and good luck on the next gig, keep them in the fairway. But were not seeing any major changes in the market that I would highlight. I mean, what portion are coming in on that platform? And we will continue to be active in generating trials. Mr. Stevens, you may now begin. For Sirius XM radio, Sirius XM packages can be bought. In this quarter, we recorded $2.14 billion of revenue, a modest 2% decline compared to the prior-year period. The company ended March with just over 34 million subscribers for its radio service: a rise of just 0.2%. On the churn side, in car, Q1 is always seasonally soft for us, and we anticipate that to be true for this year as well. So I think you were saying on the last quarter call that, well, you werent formally guiding for a number for subs for this year. Apr 27, 2023, 8:00 a.m. This past quarter, we combined Sirius XMs podcast group and comedy and entertainment group into one unit. Pandora revenue was down a modest one percent to $462 million during the quarter while its ad-based revenue remained relatively flat at $334 million. While the exact timing of construction milestone payments can inevitably shift. As we begin, Id like to remind our listeners that todays call will include. And as we have always said, business models really do matter. Newsmax TV, is I know pen rates are higher now. Yes, Newsmax TV is included in your Sling subscription. SEE INFOTAINMENT DETAILS SIRIUSXM TRAVEL LINK Get your subscription for $40 per month and get access to Newsmax TV and others, like Bloomberg, BBC America, and Cheddar Business. And I highlighted some of these metrics earlier, but we are seeing definitive increases in conversion rates for trialers, particularly younger trailers, who are using the features, but also just have 360L capable vehicles. Talk to you later. We're investing in the new platforms. Not every app is available on Apple's App Store, but depending on the streaming service you. SiriusXM bought Conan Greetings. One, we don't comment on anything we're looking at directly. The company ended March with just over 34 million subscribers for its radio service: a rise of just 0.2%. 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. But Q1 trials have been stronger, were stronger than Q4. I would expect the second half to be positive and that sort of nets us out to the modestly negative. Generally, the expectation was modestly negative. Invest better with The Motley Fool. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Sirius XMwasn't one of them! Yes, Barton. This will have positive implications to ARPU, conversion, retention, and subscriber growth in 2024 and beyond. 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. Jennifer, maybe just a follow-up on that line of discussion. 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. They're looking for more opportunities to more easily navigate the service and 360L brings a lot of those features to life, 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. And secondly, we look at the totality of the package between the talent, the issues that allowed them to be free to negotiate, and other things. In particular, what are the things that are going to allow for the streaming-only subscriber losses sort of moderate? We haven't changed the guidance on subscribers, so still expecting modestly negative for the year. And please let me add my welcome to Tom Barry who may be new to this call but is a veteran of SiriusXM and its finance organization since 2009. We were up about 9 points from 2019 to 2022. The company says it ended the first quarter with 46.7 million monthly active users, an eight percent decline from a year earlier. 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. I will now turn the call over to Sean for some brief remarks, and then Tom will go through the financials in more detail. Normally, investors hope for a beat, but in this case, it could be a matter of just hoping that things aren't worse. On the used car market, just to start with that, the used car sales were actually pretty strong in the first couple months of the year. Pause and rewind live radio. And were just in the phase of really testing and learning on these rollouts and will 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. The Motley Fool has no position in any of the stocks mentioned. What do you see as the right leverage profile, the right mix of capital returns? Additionally, we are ramping up our marketing technology capabilities to better leverage our rich content to deliver more personalized messaging in our marketing efforts. But positioning for the future, we have had a long history since we launched annual average increases in ARPU of about 3%. 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 its powering record engagement of this content. I look forward to leveraging my experience of leading the SiriusXM controllers team to more broadly work with operations and the leadership team who shape the company's long-term direction. Sling is available starting at $40 per month for 30 channels, including Bloomberg, BBC America, and Cheddar Business. 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. And so were really well positioned on the podcasting side. So the number in Q1 was anticipated, right? And its key to not only lift in conversion, but also improved retention. Subscribe to Sling, Fubo TV, or DirecTV Stream to get Newsmax TV on your iOS device. Tom Barry -- Incoming Chief Financial Officer. SIRI earnings call for the period ending March 31, 2023. Hey, good morning. Scott, you want to --, Scott Greenstein -- President and Chief Content Officer. Please proceed with your questions. How to Watch NewsmaxTV Live Without Cable in 2023 And our goal, of course, is to continue a disciplined and thoughtful approach to capital return. Then, read up on the business of streaming in the Stream Report and the most popular streaming content in The Popcorner. That's very helpful. Thanks, Steven. Putting all this together, adjusted EBITDA 625 million, was down 9% over the prior year. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. We'll start seeing it actually come through used car trial starts, as well as some of those early cars turnover. Our next question is from the line of Steven Cahall with Wells Fargo. ET. Please proceed with your question. Because 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 2023's free cash flow later in the year. Flixed is a website run by a small remote team that helps people navigate the rapidly evolving streaming ecosystem. WebNewsmax Podcasts The Rob Carson Show Complete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. And then over the last few years, especially during COVID, there was a massive acceleration in the percentage of millennials buying cars. Before jumping into the quarter's results, I'd like to welcome Tom Barry as our incoming chief financial officer. What Channel is Newsmax on Sirius XM Radio? - hamtronics.com Over the next few years, 360L will continue to expand across OEMs including on select Mercedes-Benz models as part of an agreement that will increase the installation of Sirius XM to make it a standard feature on all Mercedes-Benz models available in the United States. 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. The Gerry With that, Ill hand the call over to Jennifer. Learn More, Sirius XM(SIRI 2.70%)Q12023 Earnings CallApr 27, 2023, 8:00 a.m. 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 On the churn side, in-car, Q1 is always seasonally soft for us, and we anticipate that to be true for this year as well. 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. Please proceed with your questions. So that sets us up well for the in-car funnel. @SIRIUSXM is. Thank you, Jennifer. Podcast audio version of Newsmax TVs Greg Kelly Reports. Sirius XM's guidance implies that its self-pay subscriber count will decline this year. [Operator instructions] Please note, this conference is being recorded. Kelly's new hit, Let's Talk Off Camera, is first released widely as a podcast but also airs on Radio Andy. WebThere are many ways to watch Newsmax TV without cable, including Sling, Fubo TV, or DirecTV Stream.. 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. And then secondly, it's a bit of a more depressed question than an analyst question. The OEM paid promotional revenue has been trending down over the last few years, and its really just one piece of the puzzle as we look at our economics with our OEM partners. So, Stephen, the Walmart, and T-Mobile have been great partners, and I'm very pleased that we've been able to launch with them and test out different trial offers. 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. WebNewsmax isn't a paid service (for the listener) and depend on ad revenue. Please proceed with your questions. Music, radio and podcasts, all free. Is It Time to Buy This Year's Worst-Performing Growth Stocks? SiriusXM has announced that Howard Stern will bring his show to Miami to officially open its newest broadcast complex. SiriusXM [Operator Instructions] Thank you. Thank you. 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. So and obviously, well continue to carry forward with our capital return plan to shareholders. Listeners can hear Kevin show Gold Minds on all major podcast platforms with extended episodes available early to subscribers on his Laugh Out Loud radio channel only on SiriusXM. Seasonality in advertising revenue and the strategic cost-saving measures should deliver ramping EBITDA in the second, third, and fourth quarter. Sure. 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. And then over time, in the years to come, it will get to 80% of our trial starts. Sure. Sirius is getting a cut of the $ from those ads on the radio. Thank you, Sean, and thank you, Jennifer. 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. The Sirius XM segment delivered $1.7 billion in revenue, which was down 2% principally due to lower OEM paid promotional trial revenue reflected in ARPU of $15.29 and decline subscriber revenue connected vehicle, partially offset by a weighted average subscriber base that was up 1% year-over-year. Thanks, Stephen. Sirius XM Thank you for joining us. And thats due to the great content relationships we have on the representation side. Our advertising business operated under the unified SXM Media banner delivered solid first quarter results, bolstered by growth in podcast and programmatic sales. Thank you. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. Well continue our current process of being cautious and disciplined. We believe our overall subscriber performance should also trend better quarter-over-quarter as the year progresses. And of course, that helps with the funnel there. The majority of our trial funnel as you would expect, is represented by the millions of trial starts that we do every year through our automotive partners. 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. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. Supporting this, first quarter vehicle trial starts were up 7% overall compared to the fourth quarter, including a 3% rebound in new vehicle trials and an 11% rebound in used vehicle trials. 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. Good morning. 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. Sirius XM Holdings Inc. (SIRI) Q1 2023 Earnings Call Transcript Thank you. OK. And to the point on 360L, can you give us a sense of right now how material 360L is for your subscriber acquisitions? First, Sean, good luck. WebThe SXM App delivers the ultimate SiriusXM experience including ad-free music, plus live sports, original talk shows, Howard Stern, exclusive comedy, news from every angle, and more. SIRI earnings call for the period ending March 31, 2023. So whats key is the rollout, and this has been a long time coming, and the promise of 360L is now delivering. And we're up about 9 points from 2019 to 2022. Put another way, the upside may seem limited heading into the media stock's report this week, but the downside could also be limited if it's a disappointing performance. Great. 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. 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. The satellite radio giant will carry every single pick live from Kansas City. Other channels on DirecTV Stream include: Cable News Network, HLN, Turner Classic Movies, TV Land, A&E, AMC, BET, Bravo, Comedy Central, Discovery Family Channel, E! Thanks. That's why we recommend trying Sling. ET. Moving forward, we value a strong balance sheet that provides us with flexibility to navigate a variety of future environments. And were really focused, again, heads down on investing in this new platform and making sure that that positions us for growth going forward. In short, I am pleased with our financial performance this quarter and Im confident in our opportunity to expand our subscriber base as auto sales recover, and we launched the next generation Sirius XM experience later this year. 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. Sirius XM reports first-quarter results on Thursday morning. Thanks, Hooper, and good morning, everyone. With these trends and more targeted cost control initiatives, were 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. Or is there anything different that you can talk to at this point? As we previously discussed, capex should increase by some $200 million for the full-year 2023 as we ramp SXM-11 and 12 on top of ongoing preparation for SXM-9 and 10. During the first quarter, we generated 144 million of free cash flow, down from 258 million in the prior year. Our next question is coming from the line of Stephen Laszczyk with Goldman Sachs. What do you see as the right leverage profile, the right mix of capital returns, anything different here going forward that we should be mindful of relative that we thought about it in the past? And again, I kind of apologize for the question, but Id love I cant resist. 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 think youll see continuity as I lead our talented finance team and continued our disciplined approach financial decision making. 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. David Joyce -- Seaport Research Partners -- Analyst. At this time, I'll turn the conference over to Hooper Stevens, senior vice president of investor relations and finance. Username. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Invest better with The Motley Fool. 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. And how does that affect the placement and role of the SiriusXM product? The cheapest option is Sling. 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. What channel is NewsMax on Sirius XM First, Sean, good luck. Hooper Stevens. With that, I'll turn it over to the operator for Q&A. At this time, Ill turn the conference over to Hooper Stevens, Senior Vice President of Investor Relations and Finance. 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. Some sports might be live on Fubo TV right now. 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. *Average returns of all recommendations since inception. And while we may, in fact, be a potential or a logical home for anybody that fits into those voices. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. And then on to your question on streaming net adds, we did to some extent, weve gone through this hurdle of the reduced marketing spend we had in the fourth quarter, and now were operating at a much more efficient level and the cost to acquire trials has gone down, some of thats market conditions and some of that is more efficiently buying in specific channels. 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. But my overall view is to work on obviously optimizing the business, support the growth of the business and position us for the year ahead. 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. Late last year, Newsmax ventured into radio with The Rob Carson Show in the noon-3 pm daypart at independently owned Talk Radio 680 WCBM Baltimore. Paying a premium for satellite radio isn't very compelling in this climate, where inflation and interest rates are gnawing away at discretionary income. Greg and guests discuss politics and news of the day. Thanks, Stephen. So I wouldnt expect to see major changes in our streaming net adds until after that. Entertainment Television, ESPNU, Freeform, FX, INSP, Science, MTV2: Music Television, Animal Planet, BBC America, beIN Sports, CMT, CNBC, Disney Junior, Discovery Life Channel, and more.

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