Sebastiano Petti
JPMorgan Chase & Co, Research Division

Good morning, everyone. I'm Sebastiano Petti, and I cover the cable, telecom, and satellite space at JPMorgan. I want to introduce Zach Coughlin, CFO of Sirius XM. Zach joined Sirius XM as CFO just in January of this year. So this is your first conference. So thanks for joining us today.

Zachary Coughlin
CFO & Executive VP

Of course, thank you for having me.

Sebastiano Petti
JPMorgan Chase & Co, Research Division

Great. So just to start off, since laying out your three strategic priorities before your time in December 2024, you delivered a strong 1Q with record low churn, positive ARPU inflection and 6% EBITDA growth. Where do you feel you are in the early innings of this transformation? And what does the next phase of execution look like from here?

Zachary Coughlin
CFO & Executive VP

Well, great. Well, thank you again for having me here at the conference. I've been on the stage before, but never by myself. So Sebastiano, you promised to take it easy on me. So -- we'll go from there. I think -- thanks for starting with asking about December 2024. I would say that it's important to go back to that point in time because at that point, we really focused in on 3 main pillars of the strategy.

And I think those really are what's driving the financial performance that we're seeing here in the first quarter. So first of those was strengthening the subscription business through exceptional in-car