Sirius XM
Q4 2022 Earnings Call
Feb 02, 2023, 8:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings. Welcome to SiriusXM's fourth quarter 2022 financial and operating results conference call. [Operator instructions] Please note this conference is being recorded. At this time, I'll now turn the conference over to Hooper Stevens, senior vice president of investor relations and finance.
Mr. Stevens, you may now begin.
Hooper Stevens -- Senior Vice President, Finance and Investor Relations
Thank you, and good morning, everyone. Welcome to SiriusXM's fourth quarter and full year 2022 earnings conference call. Today, we will have prepared remarks from Jennifer Witz, our chief executive officer; and Sean Sullivan, our chief financial officer. Scott Greenstein, our president and chief content officer, will join Jennifer and Sean to take your questions.
I would like to remind everyone that certain statements made during the call may 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 and 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. SiriusXM achieved strong 2022 subscriber and financial results, reaching record-high EBITDA at more than $2.8 billion and revenue of $9 billion and delivering 348,000 self-pay net additions with a growing base of streaming subscribers. The business has proven resilient, and I'm pleased to report we met financial guidance set for the year.
We made significant progress on our strategic growth objectives, including maintaining our dominant position in-car, expanding streaming engagement, and continuing our leadership position in digital ad supported audio. I'm also proud to share that we delivered record-high ARPU and record-low churn in 2022, a reflection of subscribers' high satisfaction with the premium listening experience we continue to evolve and enhance. Today, we announced new financial guidance that reflects continued strong operating performance and significant cash generation, even as we face a challenging economic environment and meaningfully step up investments in our technology infrastructure. Once again, we have endeavored to set financial guidance that takes into account our current view of the business and broader industry trends, particularly in the advertising market, where we see substantial uncertainty.