Quarterly report pursuant to Section 13 or 15(d)

Segments and Geographic Information (Tables)

v3.24.1.u1
Segments and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2024
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 March 31, 2024
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,547  $ 133  $ 1,680 
Advertising revenue 40  362  402 
Equipment revenue 50  —  50 
Other revenue 30  —  30 
Total revenue 1,667  495  2,162 
Cost of services (a)
(674) (352) (1,026)
Segment gross profit $ 993  $ 143  $ 1,136 
For the Three Months Ended March 31, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,563  $ 128  $ 1,691 
Advertising revenue 41  334  375 
Equipment revenue 46  —  46 
Other revenue 32  —  32 
Total revenue 1,682  462  2,144 
Cost of services (b)
(664) (351) (1,015)
Segment gross profit $ 1,018  $ 111  $ 1,129 
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 March 31, 2024
Segment Gross Profit $ 1,136 
Subscriber acquisition costs (90)
Sales and marketing (a)
(217)
Engineering, design and development (a)
(74)
General and administrative (a)
(105)
Depreciation and amortization (140)
Share-based payment expense (45)
Impairment, restructuring and acquisition costs (28)
Total other expense (92)
Consolidated income before income taxes $ 345 
(a)     Share-based payment expense of $11 related to cost of services, $12 related to sales and marketing, $12 related to engineering, design and development and $10 related to general and administrative has been excluded.
The reconciliation between reportable segment gross profit to consolidated income before income tax is as follows:
For the Three Months Ended March 31, 2023
Segment Gross Profit $ 1,129 
Subscriber acquisition costs (90)
Sales and marketing (b)
(214)
Engineering, design and development (b)
(68)
General and administrative (b)
(132)
Depreciation and amortization (136)
Share-based payment expense (45)
Impairment, restructuring and acquisition costs (32)
Total other expense (104)
Consolidated income before income taxes $ 308 
(b)     Share-based payment expense of $9 related to cost of services, $10 related to sales and marketing, $11 related to engineering, design and development and $15 related to general and administrative has been excluded.