is newsmax on siriusxm satellite radio is newsmax on siriusxm satellite radio
While we continue to see opportunities for a bigger streaming-only business, car sales will remain the dominant driver of our subscriber funnel. 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. I will start on advertising and hand it over to Scott on your second question. Thanks, Stephen. Self-Pay net adds declined by 347,000 in the quarter consistent with our expectations given lower fourth-quarter vehicle and streaming trial starts, combined with seasonally higher churn in the first quarter. What Channel is Newsmax on Sirius Radio? Updated 2022 But we are well positioned to make sure that our incorporation sustains through whatever model the OEMs choose to pursue. Additionally, we are ramping up our marketing technology capabilities to better leverage our rich content to deliver more personalized messaging in our marketing efforts. That's why we recommend trying Sling. 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. Plus, we've compiled a list of the best overall streaming services for sports fans. So its like anything else. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. Some of that's market conditions and some of that is more efficiently buying and specific channels. We are very encouraged by the conversion lift we see in vehicles with 360L today, and we are just getting started. 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. Thanks for that color. Great. 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. Read our full review of Sling and visit our TV guide to Sling to find out what you can watch right now. If you have an ad-blocker enabled you may be blocked from proceeding. Gross profit in the Pandora and off-platform segment was $111 million, down 19% and representing a margin of 24%. Thank you, Ben. [Operator Instructions] Please note this conference is being recorded. Is that still what you see? So we look at this probably more often than not, but we spent a lot of time looking at this. Im glad you extended your tenure in the media industry here and to Tom, congratulations. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. I think, GM seems to be somewhat unique in that path. Published: April 25, 2023. Our next question comes from the line of Barton Crockett with Rosenblatt Securities. 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. 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. WebStream SiriusXM on the go and at home. Sirius xm Orbiter SB4000/SR4000/SM4000 Receiver * LIFETIME ACTIVE SUBSCRIPTION * Well target leverage in the low to mid-3s in light of the macroeconomic factors. Jennifer, could you talk a little bit about the subscriber outlook for the rest of the year? WebYou can stream NewsmaxTV with a live TV streaming service.No cable or satellite subscription needed. I was hoping you can maybe talk a little bit more about the third-party distribution strategy. And then secondly, its a bit of a more of a press question than an analyst question, its probably definitely falls into the diverse preferences of listeners buckets. We increased the number of womens games we deliver to our subscribers to almost 800 broadcasts doubling from the previous season. SiriusXM has announced that Howard Stern will bring his show to Miami to officially open its newest broadcast complex. Is It Time to Buy This Year's Worst-Performing Growth Stocks? We also delivered better-than-expected ad revenue, partly due to our leading self-service and programmatic solutions that are allowing us to capture closed-end bookings, and I will address this more in a few minutes. 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. 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. 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 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. But we're still waiting to launch a lot of these underlying capabilities and functionality to be able to support the streaming business, not only for streaming-only subscribers but also as it continues to support our in-car business through customers listening outside of the car and 360L in the car. 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. And on that note, Tom, if you could just give us an idea, your key priorities coming into the role, sort of what's at the top of the bullet point list on the whiteboard in your office? But our team's pick for most people to watch . We may receive an affiliate commission from product sales generated through these affiliate links. Free HBO Max, Showtime, Starz, and Cinemax. Newsmax Please proceed with your questions. Gross profit in the SiriusXM segment declined 5% to $1.02 billion, representing a margin of 61%, down slightly from 2022 due to higher royalties. We have a service with very high satisfaction, low churn and one of the leading ARPUs across direct-to-consumer media, not just audio. We announced this morning that Mercedes has a plan to roll out, and we are very eager to see it continue to move through our OEM partners. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. 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. And right now, we're certainly seeing significant take-up in Android Automotive operating system, the integrated software from Google. Do not sell or share my personal information. 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. 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. The OEM paid promotional revenue has been trending down over the last few years. Have a Samsung smart TV or another type of Android TV? So what's key is the rollout, and this has been a long time coming, and the promise of 360L is now delivering. These and all forward-looking statements are based upon managements current beliefs and expectations and necessarily depend upon assumptions, data or methods that may be incorrect or imprecise. 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!!! That may be at the top end of the range, but I still think theres opportunity. Thank you. The reversal isn't necessarily permanent, but it will sting in the near term. Get your subscription for $40 per month and get access to Newsmax TV and others, like Bloomberg, BBC America, and Cheddar Business. Investors already saw that happen with the Pandora streaming service in 2022. US satellite radio firm SiriusXM has published its financial results for the first quarter of 2023. 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. 360L mix is also sounds like tracking up nicely. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. And I think ultimately, ARPU as well because we can deliver even more content and features to our subscribers. Most sports fans already know and love Fubo TV. On the self-pay side, I would continue to expect improvement in year-over-year comps as we roll out the rate increase. Youve certainly been very tolerant of views on all sides of the spectrum. I'm truly excited about this opportunity and join the conversation with investors and analysts and meet many of you in the coming weeks. Fubo TV isn't only great for sports fans, though. And were working closely with the OEMs and with Google as that rules out. Learn more about Sling plans and pricing. Sirius XM offers superior reception. WebNewsmax isn't a paid service (for the listener) and depend on ad revenue. Technically speaking, Newsmax is not available on SiriusXM, so you will not find their programs on any channel. I just saw a stat the other day that we watch quite frequently about intent to buy and its at one of the highest levels weve seen over the last couple of years. Welcome to SiriusXM's first quarter 2023 earnings conference call. 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. The Favorites area will appear; click on it, and the web will show all of your presets. Discover 400+ channels that include: * Ad-free music dedicated to your favorite decades, hits, styles, and genres. The focus comes as advertising has more attention at SiriusXM, despite an ad market that is presenting challenges for most other companies. Sirius XM Holdings Inc. (SIRI) Q1 2023 Earnings Call Transcript With that, Ill turn it over to the operator for Q&A. What Channel is Newsmax on SiriusXM Radio? Flixed.io's contributors and editorial team will often recommend products we believe to be useful for our readers. The choices for watching Newsmax TV aren't limited to our top picks. No, Newsmax TV isn't included in your Hulu subscription. 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. SiriusXM Satellite Radio Plans and Subscription Tiers SiriusXM offers two plan types. 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. And podcasting continues to be a bright spot. 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. In closing, I would also like to thank Sean for making this transition as seamless as possible. Thanks, Steven. We're investing in our future. And then we just have these solutions in market for advertisers to come in and either buy across our network on an audience basis or by show level and even custom integrations. Given the strong engagement we continue to see with our extra channels in and out of the car, in the first quarter, we expanded our focus here and launched several new Hip Hop and R&B channels. I'm focused on in the early days is a lot of what you'll see in raising our guidance in some of the other areas is we're 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. Copyright 2022 Flixed, Inc. All Rights Reserved. Listen Page - Newsmax Broadcasting Inc But we are actually holding back largely until the launch of the new platform, which is in the fourth quarter. Politics Radio: News, Analysis & Opinion | SiriusXM OK. And to the point on 360L, can you give us a sense of right now how material 360L is for your subscriber acquisitions? SiriusXM bought Conan And so we're really well-positioned on the podcasting side. 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. Good morning. At this time all participants are in a listen-only mode. We expect this margin to trend favorably for the remainder of the year. Talk to you later. CEO Jennifer Witz says there are opportunities to combine live radio shows with on-demand podcasts to better serve the listening preferences of its subscribers. Learn More. And as Tom referenced earlier, we also expect each quarter going forward to be better to the prior quarter. And then secondly, it's a bit of a more depressed question than an analyst question. So that sets us up well for the in-car funnel. Image source: The Motley Fool. Access My Account. Satellite Radio 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. So one of the things were 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. The majority of OEMs have either announced or in process of moving toward that operating system. Good morning. Paying a premium for satellite radio isn't very compelling in this climate, where inflation and interest rates are gnawing away at discretionary income. 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. Harts podcasts will continue to air on satellite radio prior to their release as a podcast, and Hartbeat will also produce broadcast-specific content. Start watching with a free trial. [Operator instructions] Please note, this conference is being recorded. And while we may, in fact, be a potential or a logical home for anybody that fits into those voices. 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. And podcasting continues to be a bright spot. Tags: Financials Pandora Radio SiriusXM. Sirius XM ( SIRI 1.35%) Q1 2023 Earnings Call. Sure. And once again, we saw the seasonally higher churn we tend to see in Q1. How to Watch NewsmaxTV Live Without Cable in 2023 So some OEMs will choose to pay for the trial and receive a higher subsidy. Despite its lack of ESPN, the service offers almost every league, including NFL, NBA, MLB, NHL, and more. 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. 10 stocks we like better thanSirius XMWhen our analyst team hasa stock tip, it can pay to listen. Here, you're seeing the normal effects of seasonally light ad revenue in the first quarter, combined with recent ad headwinds plus the CPI inflator to web streaming royalties. Our next question is coming from the line of Ben Swinburne with Morgan Stanley. Working his way up from humble minimum wage beginnings, through the infancy of satellite radio, to finally emerge as one of the most memorable founding voices Good morning, everyone. Apr 27, 2023, 8:00 a.m. 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. Thank you. Have an iPhone? 13. Sirius XM First of all, Sean, thanks very much. But we are actually holding back largely until the launch of the new platform, which is in the fourth quarter. Sirius XM shares hit a new seven-year low last month. Rob Carson's background includes writing comedy for the legendary late Rush Limbaugh, and many refer to Rob as "the modern-day Rush." 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. Thanks, Matt. Our next question is from the line of David Joyce with Seaport. Apr 27, 2023, 8:00 a.m. Thanks, Steven. Hi. WebSirius XM offers tons of wildly interesting channels you can explore, which can be found by following this link. Sirius XM's guidance implies that its self-pay subscriber count will decline this year. And then we just have these solutions in market for advertisers to come in and either buy across our network on an audience basis or buy show level and even custom integrations. 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. Thanks Matt. Cayman Kelly Celebrates 19 Years on Satellite Radio - MarketWatch 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. 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. Our next question is coming from the line of Ben Swinburne with Morgan Stanley. This gives us a general idea of the trajectory and the scope of spending.
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