ET. These collaborations demonstrate our strategy of inviting people to experience Sirius XM in the way that suits them best. Just help us think about bridging the Q1 losses toward better numbers in the back half between those two subscriber bases, if you would. Putting all this together, adjusted EBITDA of $625 million was down 9% over the prior year. We also launched Fluency, a cultural practice, helping brands connect with young, diverse audiences in audio by providing insights to support campaigns and creative strategy. It'd be great to maybe hear how you're thinking more broadly about leveraging capital allocation. Itd be great to maybe hear how youre thinking more broadly about leveraging capital allocation. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. During the first quarter, we generated 144 million of free cash flow, down from 258 million in the prior year. And that may be at the top end of the range, but I still think there's opportunity. We were up about 9 points from 2019 to 2022. Good morning, everyone. So it's like anything else. SiriusXM Satellite Radio It also features popular syndicated programs including Sean Hannity and Mark Levin. And that is because we're addressing these pain points. If you just drove off the lot in a shiny new vehicle, chances are pretty high that SiriusXM Satellite Radio is (A) a standard feature on your radio and (B) free of charge for a certain period of time. Look forward to working with you. Thanks, operator, Rob. 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. First of all, Sean, thanks very much. Im confident that Toms perspective, diligence, financial expertise, and history with Sirius XM will serve him well as he steps into the CFO role. Well, were still very strongly positioned with churn at just over 1.6%. As we approach the launch of our next-generation SiriusXM experience, we are confident that the upgrades will boost engagement and customer satisfaction for in-car and streaming-only customers alike. 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. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Newsmax TV, is Tom, take it away. 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. And while that growth will continue, its actually come down to more normalized level at this point and get the competitive challenges we have are easily solved with 360L and the new platform that were launching. 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. 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. So with that, lets jump right into it. Given the new Mercedes-Benz deal and some recent price increases, what are the impacts on ARPU in the near term? Well start seeing it actually come through used car trial starts as well as some of those early cars turn over. And then maybe the same question sort of on the in-car business, I think the trial starts are starting to improve. Here youve come in and youve updated financial guidance. What are you guys seeing among OEMs in terms of their positioning around third-party interfaces on the DASH versus their own? As we begin, Id like to remind our listeners that todays call will include. On the self-pay side, I would continue to expect improvements in year-over-year comps, as we roll out the rate increase, itll be less impactful than the last time we did the rate increase because weve focused primarily on full price plans. With upwards of a thousand hours of DVR space and multiple simultaneous streams available, youll never miss a game. James Ratcliffe -- Evercore ISI -- Analyst. We extended agreements with the NHL and NASCAR ensuring continued access for our subscribers for years to come. Thanks, Stephen. With strong similarities between talk radio and podcasts, we can do more to seamlessly integrate them across our service and provide more control and discoverability for subscribers, Witz said Thursday. We believe our overall subscriber performance should also trend better quarter over quarter as the year progresses. 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. At this time, Ill turn the conference over to Hooper Stevens, Senior Vice President of Investor Relations and Finance. Is this happening to you frequently? The company ended March with just over 34 million subscribers for its radio service: a rise of just 0.2%. Thanks. We advise listeners to not rely unduly on forward-looking statements and disclaim any intent or obligation to update them. Good morning, everyone. The Howard To remove a favorite from Sirius XM, try: Step 1: Go to the SiriusXM website and sign in to your account. 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. So your commentary on the intent to buy and the improving funnel sounds constructive. SiriusXM has announced that Howard Stern will bring his show to Miami to officially open its newest broadcast complex. Thanks. Sirius made the launch in July of 2000 which is 43 years later than the famous Sputnik. SiriusXM also launched Team Coco Radio in November to leverage the podcasts that the Conan OBrien-led production studio creates. But is that just too fringe for you? Turn on the FoxNews simulcast on siriusxm, and turn your tv on as well. 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. And maybe how you see that fitting into the broader digital strategy later this year. Despite market and business challenges, Im proud of our good start to the year. I'm glad you extended your tenure in the media industry here. And I guess what I wanted to ask about is just a follow-up on the subscriber progression here. Fubo TV plans start at $69.99. And the trends that we saw in Q1 in large part are reversing as we go through the year. Any commentary on how those are contributing to either the modest decline or the growing funnel and what we should expect for used car activity this year? Sirius XM Gross profit in the Pandora and Off-Platform segment totaled $111 million. Entering text into the input field will update the search result below, materially. These and all forward-looking statements are based upon management's current beliefs and expectations and necessarily depend upon assumptions, data, or methods that may be incorrect or imprecise. @FoxNews won't be on ANY of my TV's! Read our full review of Fubo TV and visit our TV guide to Fubo TV to find out what you can watch right now. 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. SiriusXM-owned Pandora continues to see its reach shrink, however. Yes, Newsmax TV is included in your Sling subscription. So the number in Q1 was anticipated, right? I look forward to leveraging my experience of leading the Sirius XM controllers team to more broadly work with operations and the leadership team who shaped the companys long-term direction. News fans often use antennas for streaming live TV like news shows for free, without cable. We also launched fluency, a cultural practice helping brands connect with young diverse audiences in audio by providing insights to support campaigns and creative strategy. Satellite Radio I think youll see continuity as I lead our talented finance team and continued our disciplined approach financial decision making. And then maybe the same question sort of on the in-car business. For Sirius XM radio, Sirius XM packages can be bought. Sirius XM Just subscribe to Sling, Fubo TV, or DirecTV Stream to get Newsmax TV on your Android smart TV. 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. 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. Today, well have prepared remarks from Jennifer Witz, our Chief Executive Officer; Sean Sullivan, our Chief Financial Officer; and Tom Berry, who will assume the position of CFO tomorrow. This past quarter, we introduced a first of its kind six-month trial offer for Walmart+ members, giving them the choice of in-car or streaming-only packages. It allows us like many other services to update much more frequently our feature set. 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. Flixed.io's contributors and editorial team will often recommend products we believe to be useful for our readers. So we look at this probably more often than not, but we spent a lot of time looking at this. 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. We are very encouraged by the conversion lift we see in vehicles with 360L today. I just don't want to focus on ARPU solely because I do think there's 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. The focus comes as advertising has more attention at SiriusXM, despite an ad market that is presenting challenges for most other companies.