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. Discover 400+ channels that include: * Ad-free music dedicated to your favorite decades, hits, styles, and genres. We've written even more about why we like DirecTV Stream, but another great option for streaming local news is an OTA antenna. Check out what's airing right now in our TV Guide. Thanks. And to the point on 360L, can you give us a sense of right now how material 360L is for your subscriber acquisitions? Thanks, Steven. And in March, we started to see that tail off a little bit. Matthew Harrigan -- The Benchmark Company -- Analyst. SiriusXM Super Bowl broadcast this year was the most listened to in our history and strong engagement continued during March Madness, particularly with NCAA women's basketball. 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. All discussions of adjusted operating results exclude the effects of stock-based compensation. What are you guys seeing among OEMs in terms of their positioning around third-party interfaces on the DASH versus their own? 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. We're investing in satellites. Welcome to SiriusXM's First Quarter 2023 Earnings Conference Call. Please. And CSAT is at an all time our customer satisfaction is at an all-time high since 2009. If you have an ad-blocker enabled you may be blocked from proceeding. So Q1 was impacted, as we said, by lower fourth quarter trials than third quarter. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. In this past month, we have all worked together to ensure a smooth transition. And secondly, regarding the satellite radio side, GM has announced that they are planning on dropping Apple CarPlay. Seasonality in advertising revenue and the strategic cost-saving measures should deliver ramping EBITDA in the second, third, and fourth quarter. I also want to thank Sean for his many contributions these last few years and ensuring a smooth transition. Greetings. Maybe for Jennifer on distribution. Podcasting ad revenue was up 34% year over year in the quarter, and that's due to the great content relationships we have on the representation side, our ability to bring brands into podcasting. We expected Q1 to be a low point in terms of net ads. Investors already saw that happen with the Pandora streaming service in 2022. 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. Were investing in our future. And it's really just one piece of the puzzle as we look at our economics with our OEM partners. 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. And then over time, in the years to come, it will get to 80% of our trial starts. And is it really the downward pressure weve seen over the last few years had a lot to do with the dramatic increase we saw in pen rates over that time period. Image source: The Motley Fool. We believe our overall subscriber performance should also trend better quarter-over-quarter as the year progresses. Thank you. But positioning for the future, we have had a long history since we launched annual average increases in ARPU of about 3%. 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. Our ability to bring brands into podcasting, its traditionally been much more D2C and D2C has been soft in the first quarter. You can watch Newsmax TV on your Pixel or Samsung or Nokia or whatever type of Android you have! Great. At its cheapest plan, fuboTV offers 140+ channels to choose from, so youll have access to more than just sports as well. SiriusXM has announced that Howard Stern will bring his show to Miami to officially open its newest broadcast complex. And of course, that helps with the funnel there. 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. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. 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. An iPad? Thats very helpful. Tom, take it away. Some sports might be live on Fubo TV right now. WebSiriusXM delivers a broad range of information directly to your cars navigation system. 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. Well, were still very strongly positioned with churn at just over 1.6%. News fans often use antennas for streaming live TV like news shows for free, without cable. And that may be at the top end of the range, but I still think there's opportunity. Thanks Matt. 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. Newsmax Sirius XM shares hit a new seven-year low last month. Sirius XM reports first-quarter results on Thursday morning. We help resolve pain points facing marketers by using greater automation and making buying more efficient. Gross profit in the Pandora and Off-Platform segment was 111 million, down 19% in representing a margin of 24%. WebSirius XM offers tons of wildly interesting channels you can explore, which can be found by following this link. Unfortunately, for Sirius XM Shareholders, the stock is playing to empty halls. Our team took Fubo TV for a test drive and put all of our thoughts together in our Fubo TV review. In this past month, we have all worked together to ensure a smooth transition. We advise listeners to not rely unduly on forward-looking statements and disclaim any intent or obligation to update them. Sirius XM isn't trading at its lowest levels since early 2016 -- despite kicking off the year with a record 32.4 million self-pay subscribers and churn near its historical lows -- by accident. 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. They showed a slight decline in its revenues: down 1.9% year-on-year to $2.14bn. 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. The Favorites area will appear; click on it, and the web will show all of your presets. 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. Plenty of news shows are airing live now on DirecTV Stream. We had a really solid quarter with ad revenue down just 2%. 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? 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. One, we don't comment on anything we're looking at directly. For example, we introduced a new in-app onboarding experience for users to select genres, allowing faster, more efficient access to the most relevant content. And again, I kind of apologize for the question, but Id love I cant resist. And as we noted, our Q1 was at 3.4 times, and we returned $161 million to shareholders in the first quarter, and we'll continue to be opportunistic for the remainder of the year. Thank you for taking the question. Hey, good morning. As Jennifer noted, the first quarter played out as we expected, albeit with a bit stronger finish to our advertising revenue performance and gradually improving trial starts. *Average returns of all recommendations since inception. Sign up for your 30-day free trial and login to start listening today! And it's key to not only lift and conversion but also improved retention. Sirius XM's guidance calls for $9 billion in revenue this year, flat with where it landed in 2022.