Sirius XM Holdings Inc. (SIRI) J.P. Morgan 54th Annual World Know-how, Media and Communications Convention Could 20, 2026 10:00 AM EDT
Firm Members
Zachary Coughlin – CFO & Govt VP
Convention Name Members
Sebastiano Petti – JPMorgan Chase & Co, Analysis Division
Presentation
Sebastiano Petti
JPMorgan Chase & Co, Analysis Division
Good morning, everybody. I am Sebastiano Petti, and I cowl the cable, telecom, and satellite tv for pc house at JPMorgan. I wish to introduce Zach Coughlin, CFO of Sirius XM. Zach joined Sirius XM as CFO simply in January of this yr. So that is your first convention. So thanks for becoming a member of us at this time.
Zachary Coughlin
CFO & Govt VP
After all, thanks for having me.
Query-and-Reply Session
Sebastiano Petti
JPMorgan Chase & Co, Analysis Division
Nice. So simply to start out off, since laying out your three strategic priorities earlier than your time in December 2024, you delivered a powerful 1Q with document low churn, optimistic ARPU inflection and 6% EBITDA development. The place do you’re feeling you’re within the early innings of this transformation? And what does the subsequent part of execution seem like from right here?
Zachary Coughlin
CFO & Govt VP
Effectively, nice. Effectively, thanks once more for having me right here on the convention. I have been on the stage earlier than, however by no means on my own. So Sebastiano, you promised to take it straightforward on me. So — we’ll go from there. I feel — thanks for beginning with asking about December 2024. I might say that it is necessary to return to that cut-off date as a result of at that time, we actually targeted in on 3 major pillars of the technique.
And I feel these actually are what’s driving the monetary efficiency that we’re seeing right here within the first quarter. So first of these was strengthening the subscription enterprise by means of distinctive in-car
