is newsmax on siriusxm satellite radio

If you're someone who watches a lot of news, you probably want to subscribe to a streamer with access to the most popular news channels. Obviously, as we said to you at the year-end call that all of a lot of our free cash flow and a lot of our numbers will be coming in the second half of the year. 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. Our next question is coming from the line of Ben Swinburne with Morgan Stanley. Despite market and business challenges, Im proud of our good start to the year. 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 radio channel. Thanks everybody for participating today. 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. This feature drives listener engagement that leads to higher retention. Thanks, Matt. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Stephen Laszczyk -- Goldman Sachs -- Analyst. Thank you, Ben. Read our full review of DirecTV Stream and visit our TV guide to DirecTV Stream to find out what you can watch right now. 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. Podcast ad revenue jumped 34% during the first quarter compared to a year ago. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. Good morning, everyone. Thank you, Jennifer. I'm glad you extended your tenure in the media industry here. Thank you. 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. Putting all this together, adjusted EBITDA 625 million, was down 9% over the prior year. And yes, the trends that we saw in Q1 in large part are reversing as we go through the year. 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. David Joyce -- Seaport Research Partners -- Analyst. And then relatedly, I was just wondering if you could speak to whats going on in the used car market? And our goal, of course, is to continue a disciplined and thoughtful approach to capital return. WebNewsmax isn't a paid service (for the listener) and depend on ad revenue. So its like anything else. That may be at the top end of the range, but I still think theres opportunity. And I guess what I wanted to ask about is just a follow-up on the subscriber progression here. We'll start seeing it actually come through used car trial starts, as well as some of those early cars turnover. Sirius XM is trading for less than 12 times trailing earnings. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Our next question is coming from the line of Stephen Laszczyk with Goldman Sachs. And its driven a lot by the programming additions that weve made and the streaming access. 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. Overall, SiriusXM revenue declined two percent during Q1 versus a year ago to $2.14 billion, as its earnings also declined nine percent. This will conclude todays conference. OK. James, I'll go first. If you're trying to watch Newsmax TV without cable and you also watch a lot of sports, Fubo TV is probably the best pick for you. Before jumping into the quarter's results, I'd like to welcome Tom Barry as our incoming chief financial officer. Image source: The Motley Fool. I also want to thank Sean for his many contributions these last few years and ensuring a smooth transition. Greg and guests discuss politics and news of the day. Our next question is from the line of Steven Cahall with Wells Fargo. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. well, we're still very strongly positioned with turn at just over 1.6%. 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. Mr. Stevens, you may now begin. SiriusXM executives left open the door to working with both men. The OEM paid promotional revenue has been trending down over the last few years. The satellite radio giant will carry every single pick live from Kansas City. Our Q1 results were better than we expected certainly based on where trends were heading in December or January. 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. It's traditionally been much more D2C and D2C has been soft in the first quarter. We are very encouraged by the conversion lift we see in vehicles with 360L today. Podcast And Satellite Radio Businesses Will Be More Closely Aligned, SiriusXM CEO Says. Great. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. Transitioning from a one-size-fits-all approach to a dynamic multichannel individualized approach, we'll promote only heard-here moments and exclusive talent to drive subscriber conversions among their fans, no matter how or where they want to listen. We ended the quarter with a leverage at 3.4 times, which is within our targeted range of low to mid-threes. 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. Sure. To make the world smarter, happier, and richer. With its focus on sports content, fuboTV is a haven for any sports lovers out there. 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. 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. And I think we're very well-positioned to deliver our service through AAOS. SiriusXM bought Conan Our ability to bring brands into podcasting, its traditionally been much more D2C and D2C has been soft in the first quarter. Well start seeing it actually come through used car trial starts as well as some of those early cars turn over. 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. Gross profit in the Pandora and off-platform segment was $111 million, down 19% and representing a margin of 24%. But we also have a unique setup because we will continue to maintain preferential treatment in terms of display. Given the new Mercedes-Benz deal and some recent price increases, what are the impacts on ARPU in the near term? I was wondering if you talk a little bit to conversion rates. SIRI earnings call for the period ending March 31, 2023. And then over the last few years, especially during COVID, there was a massive acceleration in the percentage of millennials buying cars. Copyright 2022 Flixed, Inc. All Rights Reserved. So it's like anything else. And of course, that helps with the funnel there. Please proceed with your question. Sirius XM ( SIRI 1.35%) Q1 2023 Earnings Call. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. 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. We're investing in the new platforms. Jennifer, could you talk a little bit about the subscriber outlook for the rest of the year in particular, what are the things that are going to allow for the streaming only subscriber losses to sort of moderate? 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. 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. Additionally, we are ramping up our marketing technology capabilities to better leverage our rich content to deliver more personalized messaging in our marketing efforts. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. 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. Have a Samsung smart TV or another type of Android TV? Oh, thank you. This past quarter, we introduced a first-of-its-kind six-month trial offer for Walmart Plus members, giving them the choice of in-car or streaming-only packages. So and obviously, well continue to carry forward with our capital return plan to shareholders. Tags: Financials Pandora Radio SiriusXM. Good morning. And I believe as we launch this platform, we will have more and more opportunities to better execute on that. Good morning, everyone. Rick Munarriz has no position in any of the stocks mentioned. And to the point on 360L, can you give us a sense of right now how material 360L is for your subscriber acquisitions? That's due to the great content relationships, we have, on the representation side, and our ability to bring brands into podcasting, Witz said. Complete replay of the nationally syndicated talk radio show "The Rob Carson Show" by Newsmax Radio. 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. Great. This past quarter, we combined SiriusXM's podcast group and comedy and entertainment group into one unit. And maybe how you see that fitting into the broader digital strategy later this year. And again, I kind of apologize for the question, but Id love I cant resist. Theres so much to do here! 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. 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. And while that growth will continue, it's actually come down to more normalized level at this point. Great. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022. Gross profit in the Pandora and Off-Platform segment was 111 million, down 19% in representing a margin of 24%. 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. 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. Please proceed with your question. As we begin, Id like to remind our listeners that todays call will include discussions about both actual results and adjusted results. Thanks. US satellite radio firm SiriusXM has published its financial results for the first quarter of 2023. The Motley Fool has a disclosure policy. That's right -- theythink these 10stocks are even better buys. WebFind Rob Carsons radio show LIVE near you More Info. We were up about 9 points from 2019 to 2022. The Favorites area will appear; click on it, and the web will show all of your presets. Thanks. Sure. Thanks. Tom Barry -- Incoming Chief Financial Officer. We found 3 great options for watching without cable. Thanks, everybody, for participating today. The Motley Fool has a disclosure policy. 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. Our final question is from the line of Matthew Harrigan with The Benchmark Company. But we are continuing to see progress in advance of that on 360L. Looking at the capital allocation for first quarter of 2023, we returned $160 million to the shareholders comprised of $94 million of dividends and $67 million of stock repurchase, as we reentered the market following our fourth-quarter results. 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? Hey, great. We expect this margin to trend favorably for the remainder of the year. SIRI earnings call for the period ending March 31, 2023. Sirius XM (SIRI) Q1 2023 Earnings Call Transcript, 3 Nasdaq 100 Stocks That Are No-Brainer Buys in April, I Wouldn't Touch This Stock With a 10-Foot Pole 10 Years Ago -- Now I Can't Stop Buying Shares. Devices supported by Sling include: web browsers, Android, iOS, Amazon Fire, Roku, Chromecast, Apple TV, LG/Samsung Smart TVs, and Xbox One. Thank you. 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. Hooper Stevens. 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. Ending May 2 at 11:10AM PDT 6d 21h. Sirius XM Stock Has a Lot to Prove This Week, 3 Nasdaq 100 Stocks That Are No-Brainer Buys in April, I Wouldn't Touch This Stock With a 10-Foot Pole 10 Years Ago -- Now I Can't Stop Buying Shares. Our team is working diligently to position us for success in the second half of 2023 and beyond. Sirius XM ( SIRI 1.35%) Q1 2023 Earnings Call. 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. With upwards of a thousand hours of DVR space and multiple simultaneous streams available, youll never miss a game. 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. Thanks for that color. With An iPad? In this quarter, we recorded $2.14 billion of revenue, a modest 2% decline compared to the prior-year period. We are already beginning to see benefits from cost reductions implemented in Q1 across every element of our business. A longtime Newsmax contributor, #1 rated radio host and successful columnist, Gerry Callahan calls it like he sees it and offers sharp commentary on the news of the day. 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. Thank you. Welcome to SiriusXM's first quarter 2023 earnings conference call. WebPolitical news and talk from all sides with Julie Mason, Michael Smerconish, Dan Abrams, Laura Coates, and more. In the Pandora and off-platform segment, total revenue was $462 million, nearly flat with prior year. Do not get confused with these three mediums. 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. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. These collaborations demonstrate our strategy of inviting people to experience SiriusXM in the way that suits them best. And it's key to not only lift and conversion but also improved retention. 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. But we are continuing to see progress in advance of that on 360L. But you just have two rather polarizing TV news personalities becoming available, albeit, some bad actor issues at Tucker Carlson, Don Lemon. But we are actually holding back largely until the launch of the new platform, which is in the fourth quarter. WebListen to music, live sports play-by-play, talk & entertainment radio and & favorite podcasts. Thursday's report will be challenging. And I think, ultimately, ARPU as well because we can deliver even more content and features to our subscribers. Entering text into the input field will update the search result below, materially. The satellite radio giant will carry every single pick live from Kansas City. We have a service with very high satisfaction, low churn and one of the leading ARPUs across direct-to-consumer media, not just audio. Hi, good morning. Were investing in satellites. No reason to subscribe to a different streaming service just to get access to Newsmax TV. Clearly, with negative 347,000 this quarter, we are expecting, as we said, improvements quarter over quarter. At the intersection of the two, our programmatic podcast sales doubled year over year, albeit off a small base, and contributed to overall podcast ad revenue growth of 34%. 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. 1. 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. 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. I will start on advertising and hand it over to Scott on your second question. Music, radio and podcasts, all free. And we will continue to be active in generating trials. When it cuts to commercial break, notice how its NOT the same ads? And right now were certainly seeing significant take up in Android automotive operating system, the integrated software from Google. 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. 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. Or is there anything different that you can talk to at this point? Turn on the FoxNews simulcast on siriusxm, and turn your tv on as well. Sling is available starting at $40 per month for 30 channels, including Bloomberg, BBC America, and Cheddar Business. We expected Q1 to be a low point in terms of net ads. Yeah. 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. Firstly, could you talk a little bit more about was maybe a little bit better than expected audio number? Cost basis and return based on previous market day close. To remove a favorite from Sirius XM, try: Step 1: Go to the SiriusXM website and sign in to your account. 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. Our advertising business operated under the unified SXM Media banner delivered solid first quarter results, bolstered by growth in podcast and programmatic sales. I will start on advertising and hand it over to Scott on your second question. Our next question is from the line of David Joyce with Seaport. The channel features exclusive hosts such as Cam & Company from NRANews (until June 2018), David Webb, and Andrew Wilkow. And we're up about 9 points from 2019 to 2022. No matter how or where they want to listen. Step 2: From the list, select the preset you wish to delete. With that, Ill hand the call over to Jennifer. February 16, 2022. Clearly, with negative 347 this quarter, we are expecting, as we said, improvements quarter-over-quarter. Cost basis and return based on previous market day close. And as Tom referenced earlier, we also expect each quarter going forward to be better to the prior quarter. 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. Here youve come in and youve updated financial guidance. Thanks. During a conference call with Wall Street analysts, she revealed that SiriusXM combined its podcast group and comedy and entertainment group into one unit during the first quarter. WebWhat channel is NewsMax on Sirius XM Sirius M offers a delightful variety of channels designed to suit anyones taste. Sirius XM ( SIRI 1.35%) Q1 2023 Earnings Call. You can also use it to listen to live events, such as concerts or political debates. The choices for watching Newsmax TV aren't limited to our top picks. Hooper Stevens. Is It Time to Buy This Year's Worst-Performing Growth Stocks? 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. Flixed.io's contributors and editorial team will often recommend products we believe to be useful for our readers. The growth catalysts just aren't there. 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. Published: April 25, 2023. Image source: The Motley Fool. We see significant in-car conversion improvements when trialers engage with features that enable more control in discovery, including our more targeted extra channels, Pandora artist stations, and enhanced recommendations. WebSirius XM offers tons of wildly interesting channels you can explore, which can be found by following this link. Shows & Schedules 124 Listen Live SiriusXM Patriot Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Sure. Great. The majority of OEMs have either announced or in process of moving toward that operating system. So whats key is the rollout, and this has been a long time coming, and the promise of 360L is now delivering. 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. I would expect the second half to be positive and that sort of nets us out to the modestly negative. At this time, Ill turn the conference over to Hooper Stevens, Senior Vice President of Investor Relations and Finance. If your radio is Sirius, only Sirius packages can be used. 10 stocks we like better thanSirius XMWhen our analyst team hasa stock tip, it can pay to listen. 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. Thank you, and good morning, everyone. [Operator instructions] One moment please will we poll for questions? And then maybe just one for Tom. Technically speaking, Newsmax is not available on SiriusXM, so you will not find their programs on any channel. [Operator Instructions] Thank you. WebYou can stream NewsmaxTV with a live TV streaming service.No cable or satellite subscription needed. We increased the number of women's games we deliver to our subscribers to almost 800 broadcasts, doubling from the previous season. And once again, we saw the seasonally higher churn we tend to see in Q1. Please proceed with your question. 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. Thank you. Firstly, could you talk a little bit more about what was maybe a little bit better than expected audio number? Following this build cycle, we do not anticipate any spending on satellites for many years. SiriusXM cut its sales and marketing costs by 17% during the first three months of the year, as Witz said they have decided to delay advertising efforts in anticipation of product improvements they are launching later this year. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. In many ways, Sirius XM Holdings(SIRI 2.70%) is an edgy rock band that has gone mainstream. 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. For more information about those risks and uncertainties, please view Sirius XMs SEC filings and todays earnings release. Sirius XM reports its first-quarter results on Thursday morning. At this time, well be conducting a question-and-answer session. Turning to our content, 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, 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. Thank you. And we're really focused, again, heads down on investing in this new platform and making sure that that positions us for growth going forward. And whereas other services you need to sign up for a data plan, we cover the data costs ourselves. Greetings. Following this build cycle, we do not anticipate any spending on satellites for many years. You have permission to edit this article. But our team's pick for most people to watch . Some sports might be live on Fubo TV right now. 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. 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. With that, Ill turn it over to the operator for Q&A. Thanks, operator, Rob. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. Flixed is a website run by a small remote team that helps people navigate the rapidly evolving streaming ecosystem. Just help us think about bridging the Q1 losses towards better numbers in the back half between those two subscriber bases, if you would? 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. I think, GM seems to be somewhat unique in that path. I know pen rates are higher now, competition is maybe a bit higher now, 360L mix also sounds like tracking up nicely. The upside to the boring turn is that the media stock is consistently profitable. And that is because were addressing these pain points. Check out what's airing right now in our TV Guide. Great. Hooper Stevens -- Senior Vice President, Finance and Investor Relations. @SIRIUSXM is. All discussions of adjusted operating results exclude the effects of stock-based compensation.

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