Sirius XM Holdings Inc Q2 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Sebastiano Carmine Petti - JPMorgan Chase & Co, Research Division - Analyst : I guess my first -- real quick for David. Performance year-to-date at Pandora has been quite strong. Legacy Siri also performing well. Increased EBITDA guide for the full year. Is there any sense on, I guess, run rate synergies by year-end for Pandora? And then I guess as a part of that question, you talked a little bit additional content on the platform, whether it be legacy Siri as well as Pandora. The Drake announcement this week as an example. Is that offsetting some of the EBITDA benefits you might be hitting? Or should we expect that to mitigate some of the costs that come through to mitigate some of the outperformance so far this year? Just any thoughts on that. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JULY 30, 2019 / 12:00PM, SIRI.OQ - Q2 2019 Sirius XM Holdings Inc Earnings Call

Question: Sebastiano Carmine Petti - JPMorgan Chase & Co, Research Division - Analyst : Great. I had one quick follow-up, just a question for Jennifer. You have several different announcements this quarter, whether it be the implementation of streaming to Select hubs; additional channels as well; and obviously, 360L, I guess, with Cadillac, an additional OEM with Cadillac launching. Just as you kind of think about broadly the levers across the different ops that you're implementing, how do you see that rolling, impacting the bottom line potentially through engagement, leading to lower churn and a higher EBITDA? So I guess some of the thresholds or key KPIs that you're kind of looking at going forward as a part of your role.