Advertising revenue was $334 million, decreased slightly by 1% in the first quarter. Podcast audio version of Newsmax TVs Greg Kelly Reports. Podcast ad revenue jumped 34% during the first quarter compared to a year ago. 13. Complete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. Thank you. So that pressure will abate to some extent. 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. And thats due to the great content relationships we have on the representation side. Partnership is sort of an untapped opportunity. David Joyce -- Seaport Research Partners -- Analyst. Podcasting ad revenue was up 34% year-over-year in the quarter. 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 SiriusXM to make it a standard feature on all Mercedes-Benz models available in the United States. Please proceed with your questions. Published: April 25, 2023. And I believe that 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. Great. Flixed.io's contributors and editorial team will often recommend products we believe to be useful for our readers. Greetings. If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. 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. Our new platform will streamline purchasing and usage in and out of the car and enhance the value of Sirius XM making our service worth the premium for a wider range of audience segments. Our next question is coming from the line of Stephen Laszczyk with Goldman Sachs. Thank you. But our team's pick for most people to watch . 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. So its rolling out. Today, we'll have prepared remarks from Jennifer Witz, our chief executive officer; Sean Sullivan, our chief financial officer; and Tom Barry, who will assume the position of CFO tomorrow. And then over the last few years, especially during COVID, there was a massive acceleration in the percentage of millennials buying cars. Fubo TV plans start at $69.99. SiriusXM Prices and Packages. Yes, Barton. Harts podcasts will continue to air on satellite radio prior to their release as a podcast, and Hartbeat will also produce broadcast-specific content. While this is a great indicator of what's to come, these features are currently only available in a limited number of 360L-enabled vehicles and awareness of these features is still low. Our next question comes from the line of Barton Crockett with Rosenblatt Securities. [Operator instructions] Please note, this conference is being recorded. SiriusXM Satellite Radio 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. And our ad technology business continues to be extremely profitable, growing about 20% year over year and partially offsetting broader headwinds during the first quarter. Thanks, Steven. And CSAT is at an all time our customer satisfaction is at an all-time high since 2009. This will have positive implications to ARPU, conversion, retention and subscriber growth in 2024 and beyond. Sirius XM offers superior reception. Pandora's ad hours were 2.59 billion, declining just 4% year over year as hours per active users climbed 4.5% to 21 hours per month. Entertainment Television, ESPNU, INSP, Science, FYI, MTV2: Music Television, BBC America, beIN Sports, CMT, and more. What Channel is Newsmax on Sirius XM Radio? - hamtronics.com Good morning, everyone. The upside to the boring turn is that the media stock is consistently profitable. 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. 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. And on that note, Tom if you could just give us an idea, your key priorities coming into the role, sort of whats at the top of the bullet point list on the whiteboard in your office? I was wondering if you talk a little bit to conversion rates. The fourth quarters 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. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. The good news is that Sirius XM is trading for less than 12 times earnings with a reasonable 2.6% yield. It continues to be supported by the millions of trial starts we generate each quarter through our robust and long-term OEM partnerships. Advertising revenue of $334 million decreased slightly by 1% in the first quarter. @SIRIUSXM is. Question on the new trends. Thank you. Normally, investors hope for a beat, but in this case, it could be a matter of just hoping that things aren't worse. First, Sean, good luck. Making the world smarter, happier, and richer. You'll be missed. Putting all this together, adjusted EBITDA 625 million, was down 9% over the prior year. And while that growth will continue, it's actually come down to more normalized level at this point. Clearly, with negative 347,000 this quarter, we are expecting, as we said, improvements quarter over quarter. Analysts see flat results, in line with Sirius XM's uninspiring full-year guidance. 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. Siriusxm Satellite Radio Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. So I wouldnt expect to see major changes in our streaming net adds until after that. It probably definitely falls into the diverse preferences of listeners buckets, but you just have two rather polarizing TV news personalities becoming available, albeit some bad actor issues that Tucker Carlson, Don Lemon, you certainly have been very tolerant view on all sides of the spectrum. No matter what device you have at home, it's probably possible to watch Newsmax TV on it yes, even without cable. 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. With an emphasis on politics, Gerry also brings his unique takes on major sports stories and cultural issues. So that pressure will abate to some extent. As we begin, Id like to remind our listeners that todays call will include discussions about both actual results and adjusted results. Hey, good morning. ET. SiriusXM executives left open the door to working with both men. Sirius Lifetime Subscription Plus, we've compiled a list of the best overall streaming services for sports fans. You will need to use your smartphone to get the app and connect it to the internet. Additionally, we are ramping up our marketing technology capabilities to better leverage our rich content to deliver more personalized messaging in our marketing efforts. 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. Q1 2023 Sirius XM Holdings Inc Earnings Call - Yahoo Finance So the number in Q1 was anticipated, right? Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Sirius XM Satellite Radio Yes, Newsmax TV is included in your Sling subscription. While we continue to see opportunities for a bigger streaming-only business, car sales will remain the dominant driver of our subscriber funnel. It has been a real pleasure to serve this company, its talented employees, and our shareholders as CFO these past two-and-a-half years. They will improve over the course of the year as will overall total net adds. And the great thing about our guidance is that if in the cost reductions weve put in place, were really well positioned, even if the market trends a little softer going forward. 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. We are very encouraged by the conversion lift we see in vehicles with 360L today. 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. I think trial starts are starting to improve, do you have, usually you guys have a pretty good line of sight on that. The cheapest option is Sling. Nonetheless, if you are looking for a conservative No, Newsmax TV isn't included in your Philo subscription. Sirius XM And again, I kind of apologize for the question, but Id love I cant resist. 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. Thank you for taking the question. 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. 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? And it's really just one piece of the puzzle as we look at our economics with our OEM partners. 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. 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. Please proceed with your questions. And our first question is from the line of James Ratcliffe with Evercore ISI. I just saw a stat the other day that we watch quite frequently about intent to buy, and it's at one of the highest levels we've seen over the last couple of years. Start watching with a free trial. 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. Kelly's new hit, Let's Talk Off Camera, is first released widely as a podcast but also airs on Radio Andy. 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. That's very helpful. The next question is from the line of David Joyce with Seaport. Seasonality in advertising revenue and the strategic cost-saving measures should deliver ramping EBITDA in the second, third, and fourth quarter. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. Sirius XM Holdings Inc. (SIRI) Q1 2023 Earnings Call Transcript And then maybe the same question sort of on the in-car business. Our varied distribution models, subscription, and ad-supported reach audiences wherever and however they want to listen and bring value to the SiriusXM subscription as exemplified by recent deals with Kevin Hart, Kelly Ripa, and Tom Brady. Sirius XM Making the world smarter, happier, and richer. Sirius xm Orbiter SB4000/SR4000/SM4000 Receiver * LIFETIME ACTIVE SUBSCRIPTION * 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. SiriusXM bought Conan OBriens Team Coco last year in a $150 million deal that also included a five-year talent agreement for Team Coco staff to collaborate on content, including the new satellite We expect this margin to trend favorably for the remainder of the year. Sirius XM used to be a darling for speculators, screaming fans who would cheer its every uptick and downtick. Despite its lack of ESPN, the service offers almost every league, including NFL, NBA, MLB, NHL, and more. As previously discussed, we reduced marketing spend, particularly around streaming in anticipation of product improvements we are launching later this year. And whereas other services you need to sign up for a data plan, we cover the data costs ourselves. Gross profit in the Pandora and Off-Platform segment totaled $111 million. They will improve over the course of the year as will overall total net ads. Whether you have a Fire TV Stick or a Cube or another device, you can get access to Newsmax TV. 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? Were investing in the new platforms. Read our full review of Fubo TV and visit our TV guide to Fubo TV to find out what you can watch right now. We haven't changed the guidance on subscribers, so still expecting modestly negative for the year. You called out the partnership with Walmart Plus announced in the quarter. In addition to satellite radio, customers who buy or lease an equipped vehicle are eligible to receive a 3-month trial subscription to one or more of the following services. discussions about both actual results and adjusted results. Were looking at opportunities 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.

Sonicwall Clients Credentials Have Been Revoked, Best Seats At Tropicana Field, Lord Of The Rings: The Third Age Pc Steam, Is It Illegal To Throw Someones Stuff Outside, Articles I