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Segments and Geographic Information | 9 Months Ended
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Sep. 30, 2024
Segment Reporting [Abstract] |
Segments and Geographic Information | Segments and Geographic Information In accordance with FASB ASC Topic 280, Segment Reporting, we disaggregate our operations into two reportable segments: Sirius XM and Pandora and Off-platform. The financial results of these segments are utilized by the chief operating decision maker, who is our Chief Executive Officer, for evaluating segment performance and allocating resources. We report our segment information based on the "management" approach. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of our reportable segments. For additional information on our segments refer to Note 1. Segment results include the revenues and cost of services which are directly attributable to each segment. There are no indirect revenues or costs incurred that are allocated to the segments. We eliminate intersegment advertising campaign revenue. We had intersegment advertising revenue of $1 for each of the three months ended September 30, 2024 and 2023, and $3 and $2 during the nine months ended September 30, 2024 and 2023, respectively. Segment revenue and gross profit were as follows during the period presented:
| For the Three Months Ended September 30, 2024
| Sirius XM |  | Pandora and Off-platform |  |  |  | Total
Revenue |  |  |  |  |  |  |
Subscriber revenue | $ | 1,510 |  |  | $ | 135 |  |  |  |  | $ | 1,645 |
Advertising revenue | 41 |  |  | 409 |  |  |  |  | 450 |
Equipment revenue | 43 |  |  | — |  |  |  |  | 43 |
Other revenue | 33 |  |  | — |  |  |  |  | 33 |
Total revenue | 1,627 |  |  | 544 |  |  |  |  | 2,171 |
Cost of services (a) | (658) |  |  | (357) |  |  |  |  | (1,015) |
Segment gross profit | $ | 969 |  |  | $ | 187 |  |  |  |  | $ | 1,156 |
The reconciliation between reportable segment gross profit to consolidated loss before income tax is as follows:
| For the Three Months Ended September 30, 2024
Segment Gross Profit | $ | 1,156 |
Subscriber acquisition costs | (90) |
Sales and marketing (a) | (206) |
Engineering, design and development (a) | (57) |
General and administrative (a) | (113) |
Depreciation and amortization | (145) |
Share-based payment expense | (58) |
Impairment, restructuring and other costs | (3,388) |
Total other expense | (96) |
Consolidated loss before income taxes | $ | (2,997) |
(a) Share-based payment expense is presented as a separate line item for the purpose of this note and consists of $11 related to cost of services, $11 related to sales and marketing, $11 related to engineering, design and development and $25 related to general and administrative. These amounts have been excluded from these line items in this table for the three months ended September 30, 2024.
| For the Three Months Ended September 30, 2023
| Sirius XM |  | Pandora and Off-platform |  |  |  | Total
Revenue |  |  |  |  |  |  |
Subscriber revenue | $ | 1,597 |  |  | $ | 132 |  |  |  |  | $ | 1,729 |
Advertising revenue | 42 |  |  | 418 |  |  |  |  | 460 |
Equipment revenue | 49 |  |  | — |  |  |  |  | 49 |
Other revenue | 33 |  |  | — |  |  |  |  | 33 |
Total revenue | 1,721 |  |  | 550 |  |  |  |  | 2,271 |
Cost of services (b) | (674) |  |  | (370) |  |  |  |  | (1,044) |
Segment gross profit | $ | 1,047 |  |  | $ | 180 |  |  |  |  | $ | 1,227 |
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
| For the Three Months Ended September 30, 2023
Segment Gross Profit | $ | 1,227 |
Subscriber acquisition costs | (87) |
Sales and marketing (b) | (224) |
Engineering, design and development (b) | (61) |
General and administrative (b) | (119) |
Depreciation and amortization | (145) |
Share-based payment expense | (57) |
Impairment, restructuring and other costs | (6) |
Total other expense | (158) |
Consolidated income before income taxes | $ | 370 |
(b) Share-based payment expense is presented as a separate line item for the purpose of this note and consists of $13 related to cost of services, $13 related to sales and marketing, $11 related to engineering, design and development and $20 related to general and administrative. These amounts have been excluded from these line items in this table for the three months ended September 30, 2023.
| For the Nine Months Ended September 30, 2024
| Sirius XM |  | Pandora and Off-platform |  |  |  | Total
Revenue |  |  |  |  |  |  |
Subscriber revenue | $ | 4,576 |  |  | $ | 407 |  |  |  |  | $ | 4,983 |
Advertising revenue | 124 |  |  | 1,171 |  |  |  |  | 1,295 |
Equipment revenue | 140 |  |  | — |  |  |  |  | 140 |
Other revenue | 93 |  |  | — |  |  |  |  | 93 |
Total revenue | 4,933 |  |  | 1,578 |  |  |  |  | 6,511 |
Cost of services (c) | (1,987) |  |  | (1,067) |  |  |  |  | (3,054) |
Segment gross profit | $ | 2,946 |  |  | $ | 511 |  |  |  |  | $ | 3,457 |
The reconciliation between reportable segment gross profit to consolidated loss before income tax is as follows:
| For the Nine Months Ended September 30, 2024
Segment Gross Profit | $ | 3,457 |
Subscriber acquisition costs | (272) |
Sales and marketing (c) | (641) |
Engineering, design and development (c) | (190) |
General and administrative (c) | (326) |
Depreciation and amortization | (455) |
Share-based payment expense | (154) |
Impairment, restructuring and other costs | (3,441) |
Total other expense | (237) |
Consolidated loss before income taxes | $ | (2,259) |
(c) Share-based payment expense is presented as a separate line item for the purpose of this note and consists of $34 related to cost of services, $34 related to sales and marketing, $34 related to engineering, design and development and $52 related to general and administrative. These amounts have been excluded from these line items in this table for the nine months ended September 30, 2024.
| For the Nine Months Ended September 30, 2023
| Sirius XM |  | Pandora and Off-platform |  |  |  | Total
Revenue |  |  |  |  |  |  |
Subscriber revenue | $ | 4,757 |  |  | $ | 389 |  |  |  |  | $ | 5,146 |
Advertising revenue | 126 |  |  | 1,152 |  |  |  |  | 1,278 |
Equipment revenue | 142 |  |  | — |  |  |  |  | 142 |
Other revenue | 99 |  |  | — |  |  |  |  | 99 |
Total revenue | 5,124 |  |  | 1,541 |  |  |  |  | 6,665 |
Cost of services (d) | (2,014) |  |  | (1,097) |  |  |  |  | (3,111) |
Segment gross profit | $ | 3,110 |  |  | $ | 444 |  |  |  |  | $ | 3,554 |
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
| For the Nine Months Ended September 30, 2023
Segment Gross Profit | $ | 3,554 |
Subscriber acquisition costs | (270) |
Sales and marketing (d) | (647) |
Engineering, design and development (d) | (201) |
General and administrative (d) | (416) |
Depreciation and amortization | (460) |
Share-based payment expense | (151) |
Impairment, restructuring and other costs | (56) |
Total other expense | (394) |
Consolidated income before income taxes | $ | 959 |
(d) Share-based payment expense is presented as a separate line item for the purpose of this note and consists of $33 related to cost of services, $33 related to sales and marketing, $33 related to engineering, design and development and $52 related to general and administrative. These amounts have been excluded from these line items in this table for the nine months ended September 30, 2023. A measure of segment assets is not currently provided to our Chief Executive Officer and has therefore not been provided. As of September 30, 2024, long-lived assets were predominantly located in the United States. No individual foreign country represented a material portion of our consolidated revenue during the three and nine months ended September 30, 2024 and 2023.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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