is newsmax on siriusxm satellite radio

Newsmax Just to talk about my whiteboard, what were focused on or Im focused on in the early days is a lot of what youll see in raising our guidance in some of the other areas is were 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. Moving forward, we value a strong balance sheet that provides us with flexibility to navigate a variety of future environments. SIRI earnings call for the period ending March 31, 2023. As we develop our new Sirius XM 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. We are already beginning to see benefits from cost reductions implemented in Q1 across every element of our business. People find our way to our door and we consider a lot of factors before we make any decisions. 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. We are very encouraged by the conversion lift we see in vehicles with 360L today. 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. Yes, Newsmax TV is included in your Fubo TV subscription. WebComplete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. 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. And I think were very well positioned to deliver our service through AOS [ph]. And then over the last few years, especially during COVID, there was a massive acceleration in the percentage of millennials buying cars. Sure. Our total new and used car penetration rate was 80% and 55%, respectively and our enabled fleet stands at about 154 million vehicles. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. So -- and obviously, we'll continue to carry forward with our capital return plan to shareholders. Just help us think about bridging the Q1 losses toward better numbers in the back half between those two subscriber bases, if you would. Analysts see a 0.7% decline in revenue for the first quarter. I would expect the second half to be positive and that sort of nets us out to the modestly negative. SEE INFOTAINMENT DETAILS SIRIUSXM TRAVEL LINK Thanks, Steven. Using our streaming recommendation system, the Flixed team has determined that Sling is the best way for most people to watch what's live on Newsmax TV because it offers the ideal combination of price, channels, and features. We're in about -- I think it's about a third of our new car trial starts have 360L currently, that will increase to about 40% by the end of the year. The beat remains the same, even if this isn't likely to be a beat on Thursday. And, Sean, best of luck in your new opportunity. Access My Account. What are you guys seeing among OEMs in terms of their positioning around third-party interfaces on the DASH versus their own? Eduardo Razo. So we look at this probably more often than not, but we spent a lot of time looking at this. Well continue our current process of being cautious and disciplined. No, Newsmax TV isn't included in your Hulu subscription. Thanks. And we will continue to be active in generating trials. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. Sirius XM And I kind of apologize for the question, but I can't resist. 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. 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. This month SiriusXM signed a new five-year deal with Hartbeat, the production company run by actor and comedian Kevin Hart. How sizable of a trial acquisition funnel you think that could become over the next few years? 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. Thank you. 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. And we do expect auto sales to continue to grow. I was hoping you could maybe talk a little bit more about the third-party distribution strategy. Sirius Lifetime Subscription Sign up for your 30-day free trial and login to start listening today! Invest better with The Motley Fool. Theres so much here you can explore it forever, and while 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. Is this happening to you frequently? On the self-pay side, I would continue to expect improvement in year-over-year comps as we roll out the rate increase. Entering text into the input field will update the search result below, materially. In this past month, we have all worked together to ensure a smooth transition. 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. Our total new and used car penetration rate was 80% and 55% respectively, and our enabled fleet stands at about 154 million vehicles. 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. 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! Pleasure working with you and good luck on the next gig, keep them in the fairway. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. As we previously discussed, CapEx should increase by some 200 million for the full year 2023 as we ramp SXM-11 and SXM-12 on top of ongoing preparation for SXM-9 and SXM-10. SiriusXM 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. Scott, you want to --, Scott Greenstein -- President and Chief Content Officer. Certainly, theres still uncertainty in the second half I think, but we are hopeful that the market will continue to recover. I was wondering if you talk a little bit to conversion rates. As it now looks to do build its digital business, the company is rethinking how that spoken word content is delivered. 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. 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. The company has already begun to blur the lines between satellite radio and podcasting. So I wouldnt expect to see major changes in our streaming net adds until after that. WebListen to music, live sports play-by-play, talk & entertainment radio and & favorite podcasts. Yes, Newsmax TV is included in your Sling subscription. 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. The reversal isn't necessarily permanent, but it will sting in the near term. And 360L brings a lot of those features to life. 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. The investments we are making now will support our remaining valuable low-band customers for several years to come, but we will eventually provide new revenue opportunities. Thanks, operator, Rob. But our team's pick for most people to watch Newsmax TV, is Sling. 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. Welcome, Tom. Please proceed with your question. 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? And I think, ultimately, ARPU as well because we can deliver even more content and features to our subscribers. And how the new next generation Sirius XM experience will help improve that over the course of 2023? 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 how is that progressing over the course of this year in your view? So, we believe no matter what path the OEM chooses will be really well positioned there. 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. In closing, I would also like to thank Sean for making this transition as seamless as possible. Is It Time to Buy This Year's Worst-Performing Growth Stocks? Moving forward, we value a strong balance sheet that provides us with flexibility to navigate a variety of future environments, and our goal, of course, is to continue a discipline and thoughtful approach to capital return. Thank you. So I think the impact of OEM prepaid revenue should slow down in terms of how it's flowing through ARPU over time. February 16, 2022. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. And how does that affect the placement and role of the SiriusXM product? So what's key is the rollout, and this has been a long time coming, and the promise of 360L is now delivering. So its like anything else. Bye-Bye. During the first quarter, we generated 144 million of free cash flow, down from 258 million in the prior year. But we are well positioned to make sure that our incorporation sustains through whatever model the OEMs choose to pursue. Sirius XM (SIRI) Q1 2023 Earnings Call Transcript Rick Munarriz has no position in any of the stocks mentioned. Or search "Newsmax" on your favorite podcast platform. 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. 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. 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. So we look at this probably more often than not, but we spend a lot of time looking at this. 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. Thanks, everybody, for participating today. Making the world smarter, happier, and richer. Thank you, and good morning, everyone. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. 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. 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? Podcasting ad revenue was up 34% year-over-year in the quarter. Our final question is from the line of Matthew Harrigan with The Benchmark Company. A question-and-answer session will follow the formal presentation. And its key to not only lift in conversion, but also improved retention. Please proceed with your question. Were investing in satellites. Entertainment Television, ESPNU, INSP, Science, FYI, MTV2: Music Television, BBC America, beIN Sports, CMT, and more. SiriusXM executives left open the door to working with both men. 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. Maybe for Jennifer on distribution. Kellys new hit, Lets Talk Off Camera is first released widely as a podcast, but also airs on Radio Andy. No matter what device you have at home, it's probably possible to watch Newsmax TV on it yes, even without cable. SIRI earnings call for the period ending March 31, 2023. Pause and rewind live radio. And in March, we started to see that tail off a little bit. 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. And programming and content expenses climbed 6% due to increased licensing fee and production costs. All discussions of adjusted operating results exclude the effects of stock-based compensation. Today, we'll have prepared The OEM paid promotional revenue has been trending down over the last few years. Thank you. With that, I'll hand the call over to Jennifer. Free HBO Max, Showtime, Starz, and Cinemax. And weve settled in at this sort of range in the low-80s that I think is the optimal place for us going forward. Welcome Tom. The next question is from the line of David Joyce with Seaport. The Rob Carson Show Podcast. 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. Paying a premium for satellite radio isn't very compelling in this climate, where inflation and interest rates are gnawing away at discretionary income. 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. 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? SiriusXMs satellite radio service has been built in part with the help of dozens of talk personalities, most notably Howard Stern. Like how should we think about the cadence of ARPU from here this year as well as what would the longer-term impacts be from any of the newer auto deals since we saw some of the promo numbers increase here? And as we have always said, business models really do matter. Hooper Stevens. So the number in Q1 was anticipated, right? We increased the number of womens games we deliver to our subscribers to almost 800 broadcasts doubling from the previous season. The Motley Fool has no position in any of the stocks mentioned. In the Pandora and Off-Platform segment, total revenue was $462 million, nearly flat with prior year. Please proceed with your questions. First of all, Sean, thanks very much. Sirius XM reports first-quarter results on Thursday morning. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. 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. Although we continue to be cautious about the overall ad sales market, we still see tailwinds in podcasting. Have an iPhone? Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Like how should we think about the cadence of ARPU from here this year? Please proceed with your question. Barrett Sports Media on Twitter: "Are you ready for the @NFL Draft New Home For Tucker Carlson Or Don Lemon? If you have an ad-blocker enabled you may be blocked from proceeding. And secondly, regarding the satellite radio side, GM has announced that they are planning on dropping Apple CarPlay. And right now, we're certainly seeing significant take-up in Android Automotive operating system, the integrated software from Google. Invest better with The Motley Fool. Hey, great. Whether you have a Fire TV Stick or a Cube or another device, you can get access to Newsmax TV. The Rob Carson Show gives you a humorous yet concerned analysis of Obviously, as we said at the year-end call that a lot of our free cash flow and a lot of our numbers will be coming in the second half of the year, but we're going to continue with our disciplined approach, as we've used over the last couple of years. 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. And we will continue to be active in generating trials. ET. Scott, you want to? You will need to use your smartphone to get the app and connect it to the internet. Start watching with a free trial. SiriusXM bought Conan Hooper Stevens -- Senior Vice President, Finance and Investor Relations. Gross profit in the Sirius XM segment declined 5% to 1.02 billion, representing a margin of 61%, down slightly from 2022 due to higher royalties. If it has a chance to turn things around, investors don't have to wait long for the next big test. So some OEMs will choose to pay for the trial and receive a higher subsidy. We found 3 great options for watching without cable. We're increasingly flexible and even agnostic in how we add subscribers and accommodate listening preferences. Step 2: From the list, select the preset you wish to delete. I was wondering if you talk a little bit to conversion rates. Youll be missed. Some of that's market conditions and some of that is more efficiently buying and specific channels. Thank you, and good morning, everyone. But we are actually holding back largely until the launch of the new platform, which is in the fourth quarter. Greetings. Our team is working diligently to position us for success in the second half of 2023 and beyond. Read our full review of DirecTV Stream and visit our TV guide to DirecTV Stream to find out what you can watch right now. One, we dont comment on anything were looking at directly. 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. Pandora was supposed to be a catalyst for growth, a digital escape hatch the moment that satellite radio would prove transitory and eventually obsolete. SiriusXM SiriusXM Prices and Packages. @FoxNews won't be on ANY of my TV's! 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. SiriusXM Set to Open New Broadcast Facilities in Miami And secondly, regarding the satellite radio side, GM has announced that theyre planning on dropping Apple CarPlay. 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 inflator on webcasting performance rights and programming and content expenses climbed 6% due to increased licensing fee and production costs.
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