Sirius XM SIRI Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total Revenue by Business | ||||||
| Pandora and Off-platform | $2.16B+0.7% | $2.14B+0.7% | $2.13B+0.2% | $2.12B-0.7% | $2.14B-0.4% | |
| SiriusXM | $6.43B+0.1% | $6.42B-0.1% | $6.43B-0.2% | $6.44B-0.4% | $6.47B-1.3% | |
| Segment gross profit by Business | ||||||
| Pandora and Off-platform | $671M0.0% | $671M+2.1% | $657M-2.5% | $674M-3.7% | $700M-0.6% | |
| SiriusXM | $3.85B+0.8% | $3.82B-0.3% | $3.83B-0.3% | $3.84B-0.5% | $3.86B-1.4% | |
| Finite-Lived Intangible Assets, Net by Business | ||||||
| Pandora and Off-platform | $262M-16.6% | $314M-14.2% | $366M-12.4% | $418M-11.1% | $470M-10.0% | |
| SiriusXM | $322M-10.6% | $360M-9.5% | $398M-8.9% | $437M— | —— | |
| Gross Carrying Value by Business | ||||||
| Pandora and Off-platform | $1.77B0.0% | $1.77B0.0% | $1.77B0.0% | $1.77B0.0% | $1.77B0.0% | |
| Sirius XM | $2.28B0.0% | $2.28B0.0% | $2.28B0.0% | $2.28B— | —— | |
| SiriusXM | $34.44B0.0% | $34.44B0.0% | $34.44B0.0% | $34.43B— | —— | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, Amortization , And Share Based Compensation by Business | ||||||
| Pandora and Off-platform | $1.48B+1.0% | $1.47B0.0% | $1.47B+1.4% | $1.45B+0.8% | $1.44B-0.3% | |
| SiriusXM | $2.58B-0.8% | $2.6B0.0% | $2.6B-0.2% | $2.61B-0.2% | $2.61B-1.1% | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Business | ||||||
| Pandora and Off-platform | $1.54B+1.0% | $1.53B+0.2% | $1.53B+0.1% | $1.52B+0.2% | $1.52B+0.1% | |
| SiriusXM | $1.96B+2.0% | $1.92B+2.0% | $1.88B+2.1% | $1.84B— | —— | |
| Total Revenue by Product | ||||||
| Advertising revenue | $1.79B+0.7% | $1.77B+0.7% | $1.76B+0.3% | $1.75B-0.6% | $1.77B-0.5% | |
| Equipment revenue | $178M0.0% | $178M+3.5% | $172M0.0% | $172M-0.6% | $173M-4.9% | |
| Other revenue | $300M0.0% | $300M-0.3% | $301M-0.3% | $302M0.0% | $302M-2.6% | |
| Subscriber revenue | $6.5B+0.2% | $6.49B-0.1% | $6.49B-0.2% | $6.51B-0.4% | $6.54B-1.2% | |
| Cost of Services by Product | ||||||
| Customer service and billing | $438M-1.4% | $444M-0.7% | $447M+1.4% | $441M+0.5% | $439M-0.9% | |
| Equipment revenue | $9M0.0% | $9M0.0% | $9M0.0% | $9M0.0% | $9M0.0% | |
| Programming and content | $616M-0.5% | $619M+1.0% | $613M+0.7% | $609M+0.5% | $606M-0.7% | |
| Revenue share and royalties | $2.86B+0.4% | $2.85B+0.1% | $2.85B+0.5% | $2.83B+0.5% | $2.82B-0.6% | |
| Transmission | $188M-1.6% | $191M-3.0% | $197M-3.9% | $205M-5.5% | $217M-4.0% | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, Amortization , And Share Based Compensation by Product | ||||||
| Programming and content | $575M-1.2% | $582M+1.2% | $575M+0.7% | $571M+0.4% | $569M-0.7% | |
| Revenue share and royalties | $2.86B+0.4% | $2.85B+0.1% | $2.85B+0.5% | $2.83B+0.5% | $2.82B-0.6% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
