Sirius XM
Q2 2023 Earnings Call
Aug 01, 2023, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings and welcome to the SiriusXM second-quarter 2023 operating and financial results conference call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Hooper Stevens, senior vice president, investor relations and finance. Thank you. Hooper, you may begin.
Hooper Stevens -- Senior Vice President, Investor Relations and Finance
Thank you and good morning, everyone. Welcome to SiriusXM's second-quarter 2023 earnings conference call. Today, we will have prepared remarks from Jennifer Witz, our chief executive officer; and Tom Barry, our chief financial officer. Scott Greenstein, our president and chief content officer, will join Jennifer and Tom to take your questions during the Q&A portion of this call.
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. 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. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. For more information about those risks and uncertainties, please view SiriusXM's SEC filings in today's earnings release. We advise listeners to not rely unduly on forward-looking statements and disclaim any intent or obligation to update them. As we begin, I'd like to remind our listeners that today's call will include discussions about both actual results and adjusted results.
All discussions of adjusted operating results exclude the effects of stock-based compensation. With that, I'll hand the call over to Jennifer.
Jennifer Witz -- Chief Executive Officer
Thanks, Hooper, and good morning, everyone. Thank you for joining us. We are pleased with our accomplishments this quarter and remain on track to meet the guidance we set forward for the 2023 fiscal year, including our newly increased free cash flow guidance. Our strong second-quarter performance reflected most prominently in our EBITDA growth, significant cash generation, and sustained low churn at 1.5% reaffirms our consumer value proposition and the enduring appeal of our differentiated business model in audio entertainment. e closed the quarter with over 34 million total subscribers to our flagship SiriusXM service.