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Segments and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information, by Segment

Segment revenue and gross profit were as follows during the periods presented:


	For the Year Ended December 31, 2024
	Sirius XM		Pandora and Off-platform		Total
Revenue
Subscriber revenue	$	6,076	$	540	$	6,616
Advertising revenue	167		1,606		1,773
Other revenue	310		—		310
Total revenue	6,553		2,146		8,699
Cost of services
Revenue share and royalties	$	(1,565)	$	(1,270)	$	(2,835)
Programming and content (a)	(517)		(58)		(575)
Other (a)(b)	(560)		(113)		(673)
Total cost of services	(2,642)		(1,441)		(4,083)
Segment gross profit	$	3,911	$	705	$	4,616


	For the Year Ended December 31, 2023
	Sirius XM		Pandora and Off-platform		Total
Revenue
Subscriber revenue	$	6,342	$	524	$	6,866
Advertising revenue	169		1,589		1,758
Other revenue	329		—		329
Total revenue	6,840		2,113		8,953
Cost of services
Revenue share and royalties	$	(1,603)	$	(1,292)	$	(2,895)
Programming and content (c)	(518)		(66)		(584)
Other (c)(d)	(568)		(117)		(685)
Total cost of services	(2,689)		(1,475)		(4,164)
Segment gross profit	$	4,151	$	638	$	4,789


	For the Year Ended December 31, 2022
	Sirius XM		Pandora and Off-platform		Total
Revenue
Subscriber revenue	$	6,370	$	522	$	6,892
Advertising revenue	196		1,576		1,772
Other revenue	339		—		339
Total revenue	6,905		2,098		9,003
Cost of services
Revenue share and royalties	$	(1,552)	$	(1,250)	$	(2,802)
Programming and content (e)	(514)		(56)		(570)
Other (e)(f)	(575)		(137)		(712)
Total cost of services	(2,641)		(1,443)		(4,084)
Segment gross profit	$	4,264	$	655	$	4,919

Schedule of Reconciliation of Revenue from Segments to Consolidated

The reconciliation between reportable segment gross profit to consolidated loss before income tax is as follows:


	For the Year Ended December 31, 2024
Segment Gross Profit	$	4,616
Subscriber acquisition costs	(369)
Sales and marketing (a)	(849)
Product and technology (a)	(252)
General and administrative (a)	(432)
Depreciation and amortization	(578)
Share-based payment expense	(200)
Impairment, restructuring and acquisition costs	(3,453)

Total other (expense) income	(348)
Consolidated loss before income taxes	$	(1,865)

(a) Share-based payment expense of $46 related to cost of services, $45 related to sales and marketing, $44 related to product and technology and $65 related to general and administrative has been excluded for the year ended December 31, 2024.

(b) Sirius XM other costs of services related to customer service and billing of $364, transmission costs of $186 and cost of equipment of $10. Pandora other costs of services related to customer service and billing of $79 and transmission costs of $34.

The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:



	For the Year Ended December 31, 2023
Segment Gross Profit	$	4,789
Subscriber acquisition costs	(359)
Sales and marketing (c)	(886)
Product and technology (c)	(276)
General and administrative (c)	(541)
Depreciation and amortization	(624)
Share-based payment expense	(203)
Impairment, restructuring and acquisition costs	(92)
Total other (expense) income	(598)
Consolidated income before income taxes	$	1,210

(c) Share-based payment expense of $45 related to cost of services, $45 related to sales and marketing, $46 related to product and technology and $67 related to general and administrative has been excluded for the year ended December 31, 2023.

(d) Sirius XM other costs of services related to customer service and billing of $388, transmission costs $166 and cost of equipment $14. Pandora other costs of services related to customer service and billing of $83 and transmission costs $34.

The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:



	For the Year Ended December 31, 2022
Segment Gross Profit	$	4,919
Subscriber acquisition costs	(352)
Sales and marketing (e)	(1,023)
Product and technology (e)	(246)
General and administrative (e)	(491)
Depreciation and amortization	(611)
Share-based payment expense	(209)
Impairment, restructuring and acquisition costs	(68)
Total other (expense) income	(433)
Consolidated income before income taxes	$	1,486

(e) Share-based payment expense of $46 related to cost of services, $52 related to sales and marketing, $39 related to product and technology and $72 related to general and administrative has been excluded for the year ended December 31, 2022.

(f) Sirius XM other costs of services related to customer service and billing of $409, transmission costs $153 and cost of equipment $13. Pandora other costs of services related to customer service and billing of $82 and transmission costs $55.