Sirius XM SIRI Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total Revenue by Business | |||||
| Pandora and Off-platform | $2.14B-0.2% | $2.15B+1.6% | $2.11B+0.7% | $2.1B+1.3% | |
| SiriusXM | $6.42B-2.1% | $6.55B-4.2% | $6.84B-0.9% | $6.9B+4.2% | |
| Segment gross profit by Business | |||||
| Pandora and Off-platform | $671M-4.7% | $704M+10.5% | $637M-2.9% | $656M-11.8% | |
| SiriusXM | $3.82B-2.5% | $3.91B-5.8% | $4.15B-2.5% | $4.26B+5.7% | |
| Finite-Lived Intangible Assets, Net by Business | |||||
| Pandora and Off-platform | $314M-39.8% | $522M-28.7% | $732M-23.6% | $958M— | |
| SiriusXM | $360M— | —— | —— | —— | |
| Gross Carrying Value by Business | |||||
| Pandora and Off-platform | $1.77B0.0% | $1.77B0.0% | $1.77B0.0% | $1.77B— | |
| Sirius XM | $2.28B— | —— | —— | —— | |
| SiriusXM | $34.44B— | —— | —— | —— | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, Amortization , And Share Based Compensation by Business | |||||
| Pandora and Off-platform | $1.47B+2.0% | $1.44B-2.3% | $1.48B+2.2% | $1.44B— | |
| SiriusXM | $2.6B-1.5% | $2.64B-1.8% | $2.69B+1.8% | $2.64B— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Business | |||||
| Pandora and Off-platform | $1.53B+0.7% | $1.52B+10.0% | $1.38B+27.8% | $1.08B— | |
| SiriusXM | $1.92B— | —— | —— | —— | |
| Total Revenue by Product | |||||
| Advertising revenue | $1.77B-0.1% | $1.77B+0.7% | $1.76B-0.7% | $1.77B+2.5% | |
| Equipment revenue | $178M-2.2% | $182M-5.7% | $193M+2.1% | $189M— | |
| Other revenue | $300M-3.2% | $310M-5.5% | $328M-3.0% | $338M+122% | |
| Subscriber revenue | $6.49B-2.0% | $6.62B-3.6% | $6.87B-0.4% | $6.89B+4.2% | |
| Cost of Services by Product | |||||
| Customer service and billing | $444M+0.2% | $443M-5.5% | $469M-5.4% | $496M-1.0% | |
| Equipment revenue | $9M0.0% | $9M-35.7% | $14M+7.7% | $13M— | |
| Programming and content | $619M+1.5% | $610M-1.3% | $618M+2.3% | $604M+8.1% | |
| Revenue share and royalties | $2.85B+0.5% | $2.84B-2.1% | $2.9B+3.4% | $2.8B+4.9% | |
| Transmission | $191M-15.5% | $226M+9.7% | $206M-3.3% | $213M-1.8% | |
| Cost of Goods and Service, Excluding Depreciation, Depletion, Amortization , And Share Based Compensation by Product | |||||
| Programming and content | $582M+1.6% | $573M-1.9% | $584M+2.5% | $570M— | |
| Revenue share and royalties | $2.85B+0.5% | $2.84B-2.1% | $2.9B+3.3% | $2.8B— |
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.
