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Segments and Geographic Information (Tables)

9 Months Ended

Sep. 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 September 30, 2025
			SiriusXM						Pandora and Off-platform												Total
Revenue
Subscriber revenue			$	1,497					$	132											$	1,629
Advertising revenue			39						416												455
Other revenue			75						—												75
Total revenue			1,611						548												2,159
Cost of services
Revenue share and royalties			(384)						(337)												(721)
Programming and content (a)			(130)						(15)												(145)
Other (a)(b)			(139)						(26)												(165)
Total cost of services			(653)						(378)												(1,031)
Segment gross profit			$	958					$	170											$	1,128

			For the Three Months Ended September 30, 2024
			SiriusXM						Pandora and Off-platform												Total
Revenue
Subscriber revenue			$	1,510					$	135											$	1,645
Advertising revenue			41						409												450
Other revenue			76						—												76
Total revenue			1,627						544												2,171
Cost of services
Revenue share and royalties			(390)						(317)												(707)
Programming and content (c)			(129)						(12)												(141)
Other (c)(d)			(139)						(28)												(167)
Total cost of service			(658)						(357)												(1,015)
Segment gross profit			$	969					$	187											$	1,156

			For the Nine Months Ended September 30, 2025
			SiriusXM						Pandora and Off-platform												Total
Revenue
Subscriber revenue			$	4,466					$	394											$	4,860
Advertising revenue			116						1,165												1,281
Other revenue			224						—												224
Total revenue			4,806						1,559												6,365
Cost of services
Revenue share and royalties			(1,154)						(976)												(2,130)
Programming and content (e)			(386)						(44)												(430)
Other (e)(f)			(403)						(77)												(480)
Total cost of services			(1,943)						(1,097)												(3,040)
Segment gross profit			$	2,863					$	462											$	3,325

			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
Other revenue			233						—												233
Total revenue			4,933						1,578												6,511
Cost of services
Revenue share and royalties			(1,176)						(942)												(2,118)
Programming and content (g)			(388)						(42)												(430)
Other (g)(h)			(423)						(83)												(506)
Total cost of services			(1,987)						(1,067)												(3,054)
Segment gross profit			$	2,946					$	511											$	3,457

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 September 30, 2025
Segment Gross Profit			$	1,128
Subscriber acquisition costs			(107)
Sales and marketing (a)			(176)
Product and technology (a)			(54)
General and administrative (a)			(106)
Depreciation and amortization			(141)
Share-based payment expense			(42)
Impairment, restructuring and other costs			(9)
Total other expense			(105)
Consolidated income before income taxes			$	388

(a)     Share-based payment expense of $11 related to cost of services, $10 related to sales and marketing, $8 related to product and technology and $13 related to general and administrative has been excluded for the three months ended September 30, 2025.

(b)    SiriusXM other costs of services related to customer service and billing of $96, transmission costs of $41 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 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 (c)			(206)
Product and technology (c)			(57)
General and administrative (c)			(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)

(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 $25 related to general and administrative has been excluded for the three months ended September 30, 2024.

(d)    SiriusXM other costs of services related to customer service and billing of $90, transmission costs of $47 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 $9.

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

			For the Nine Months Ended September 30, 2025
Segment Gross Profit			$	3,325
Subscriber acquisition costs			(314)
Sales and marketing (e)			(525)
Product and technology (e)			(165)
General and administrative (e)			(366)
Depreciation and amortization			(406)
Share-based payment expense			(140)
Impairment, restructuring and other costs			(164)
Total other expense			(324)
Consolidated income before income taxes			$	921

(e)     Share-based payment expense of $37 related to cost of services, $36 related to sales and marketing, $26 related to product and technology and $41 related to general and administrative has been excluded for the nine months ended September 30, 2025.

(f)    SiriusXM other costs of services related to customer service and billing of $279, transmission costs of $118 and cost of equipment of $6. Pandora and Off-platform other costs of services related to customer service and billing of $56 and transmission costs of $21.

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 (g)			(641)
Product and technology (g)			(190)
General and administrative (g)			(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)

(g)     Share-based payment expense of $34 related to cost of services, $34 related to sales and marketing, $34 related to product and technology and $52 related to general and administrative has been excluded for the nine months ended September 30, 2024.

(h)    SiriusXM other costs of services related to customer service and billing of $272, transmission costs of $144 and cost of equipment of $7. Pandora and Off-platform other costs of services related to customer service and billing of $59 and transmission costs of $24.

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 30
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

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