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Sirius XM SIRI Business Segments

Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Total Revenue by Business
Pandora and Off-platform$501M-13.9%$582M+6.2%$548M+4.6%$524M+7.6%$487M-14.3%
SiriusXM$1.59B-1.3%$1.61B0.0%$1.61B-0.2%$1.61B+2.1%$1.58B-2.4%
Total Revenue by Product
Advertising revenue$407M-17.1%$491M+7.9%$455M+5.3%$432M+9.6%$394M-17.6%
Equipment revenue$41M-14.6%$48M+11.6%$43M-6.5%$46M+12.2%$41M-2.4%
Other revenue$72M-5.3%$76M+1.3%$75M-2.6%$77M+6.9%$72M-6.5%
Subscriber revenue$1.61B-0.9%$1.63B-0.2%$1.63B0.0%$1.63B+1.7%$1.6B-1.9%

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Questions, answered.

How does Sirius XM break its business down?
Sirius XM (SIRI) reports total revenue by business across 2 parts — Pandora and Off-platform and SiriusXM. Each is extracted from the segment footnotes and tracked over time.
Where does Sirius XM's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Sirius XM's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.