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Segments and Geographic Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Segment revenue and gross profit were as follows during the period presented:
For the Three Months Ended June 30, 2025
SiriusXM
Pandora and Off-platformTotal
Revenue
Subscriber revenue$1,499 $130 $1,629 
Advertising revenue38 394 432 
Other revenue77 — 77 
Total revenue1,614 524 2,138 
Cost of services
Revenue share and royalties(391)(331)(722)
Programming and content (a)
(128)(13)(141)
Other (a)(b)
(129)(26)(155)
Total cost of services
(648)(370)(1,018)
Segment gross profit$966 $154 $1,120 
For the Three Months Ended June 30, 2024
SiriusXMPandora and Off-platformTotal
Revenue
Subscriber revenue$1,520 $138 $1,658 
Advertising revenue43 400 443 
Other revenue77 — 77 
Total revenue1,640 538 2,178 
Cost of services
Revenue share and royalties(391)(317)(708)
Programming and content (c)
(127)(12)(139)
Other (c)(d)
(136)(29)(165)
Total cost of service
(654)(358)(1,012)
Segment gross profit$986 $180 $1,166 
For the Six Months Ended June 30, 2025
SiriusXM
Pandora and Off-platformTotal
Revenue
Subscriber revenue$2,969 $262 $3,231 
Advertising revenue77 749 826 
Other revenue149 — 149 
Total revenue3,195 1,011 4,206 
Cost of services
Revenue share and royalties(770)(639)(1,409)
Programming and content (e)
(257)(28)(285)
Other (e)(f)
(265)(51)(316)
Total cost of services(1,292)(718)(2,010)
Segment gross profit$1,903 $293 $2,196 
For the Six Months Ended June 30, 2024
Sirius XMPandora and Off-platformTotal
Revenue
Subscriber revenue$3,067 $271 $3,338 
Advertising revenue83 762 845 
Other revenue157 — 157 
Total revenue3,307 1,033 4,340 
Cost of services
Revenue share and royalties(786)(625)(1,411)
Programming and content (g)
(260)(28)(288)
Other (g)(h)
(283)(56)(339)
Total cost of services(1,329)(709)(2,038)
Segment gross profit$1,978 $324 $2,302 
Schedule of Reconciliation of Revenue from Segments to Consolidated
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Three Months Ended June 30, 2025
Segment Gross Profit$1,120 
Subscriber acquisition costs(107)
Sales and marketing (a)
(173)
Product and technology (a)
(48)
General and administrative (a)
(152)
Depreciation and amortization(121)
Share-based payment expense(47)
Impairment, restructuring and other costs(107)
Total other expense(101)
Consolidated income before income taxes
$264 
(a)     Share-based payment expense of $13 related to cost of services, $12 related to sales and marketing, $8 related to product and technology and $14 related to general and administrative has been excluded for the three months ended June 30, 2025.
(b)    SiriusXM other costs of services related to customer service and billing of $90, transmission costs of $37 and cost of equipment of $2. Pandora and Off-platform other costs of services related to customer service and billing of $19 and transmission costs of $7.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Three Months Ended June 30, 2024
Segment Gross Profit$1,166 
Subscriber acquisition costs(92)
Sales and marketing (c)
(217)
Product and technology (c)
(60)
General and administrative (c)
(101)
Depreciation and amortization(156)
Share-based payment expense(48)
Impairment, restructuring and other costs(21)
Total other expense(41)
Consolidated income before income taxes
$430 
(c)     Share-based payment expense of $11 related to cost of services, $11 related to sales and marketing, $11 related to product and technology and $15 related to general and administrative has been excluded for the three months ended June 30, 2024.
(d)    SiriusXM other costs of services related to customer service and billing of $86, transmission costs of $48 and cost of equipment of $2. Pandora and Off-platform other costs of services related to customer service and billing of $21 and transmission costs of $8.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Six Months Ended June 30, 2025
Segment Gross Profit$2,196 
Subscriber acquisition costs(207)
Sales and marketing (e)
(349)
Product and technology (e)
(111)
General and administrative (e)
(260)
Depreciation and amortization(265)
Share-based payment expense(97)
Impairment, restructuring and other costs
(155)
Total other expense(219)
Consolidated income before income taxes
$533 
(e)     Share-based payment expense of $25 related to cost of services, $26 related to sales and marketing, $18 related to product and technology and $28 related to general and administrative has been excluded for the six months ended June 30, 2025.
(f)    SiriusXM other costs of services related to customer service and billing of $183, transmission costs of $78 and cost of equipment of $4. Pandora and Off-platform other costs of services related to customer service and billing of $37 and transmission costs of $14.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Six Months Ended June 30, 2024
Segment Gross Profit$2,302 
Subscriber acquisition costs(182)
Sales and marketing (g)
(434)
Product and technology (g)
(134)
General and administrative (g)
(212)
Depreciation and amortization(311)
Share-based payment expense(96)
Impairment, restructuring and other costs
(53)
Total other expense(141)
Consolidated income before income taxes
$739 
(g)     Share-based payment expense of $22 related to cost of services, $23 related to sales and marketing, $23 related to product and technology and $28 related to general and administrative has been excluded for the six months ended June 30, 2024.
(h)    SiriusXM other costs of services related to customer service and billing of $182, transmission costs of $96 and cost of equipment of $5. Pandora and Off-platform other costs of services related to customer service and billing of $40 and transmission costs of $16.