Quarterly report pursuant to Section 13 or 15(d)

Segments and Geographic Information (Tables)

v3.24.2.u1
Segments and Geographic Information (Tables)
 6 Months Ended
Jun. 30, 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 June 30, 2024
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,520  $ 138  $ 1,658 
Advertising revenue 43  400  443 
Equipment revenue 47  —  47 
Other revenue 30  —  30 
Total revenue 1,640  538  2,178 
Cost of services (a)
(654) (358) (1,012)
Segment gross profit $ 986  $ 180  $ 1,166 
For the Three Months Ended June 30, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 1,597  $ 128  $ 1,725 
Advertising revenue 45  400  445 
Equipment revenue 47  —  47 
Other revenue 33  —  33 
Total revenue 1,722  528  2,250 
Cost of services (b)
(675) (376) (1,051)
Segment gross profit $ 1,047  $ 152  $ 1,199 
For the Six Months Ended June 30, 2024
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 3,067  $ 271  $ 3,338 
Advertising revenue 83  762  845 
Equipment revenue 97  —  97 
Other revenue 60  —  60 
Total revenue 3,307  1,033  4,340 
Cost of services (c)
(1,329) (709) (2,038)
Segment gross profit $ 1,978  $ 324  $ 2,302 
For the Six Months Ended June 30, 2023
Sirius XM Pandora and Off-platform Total
Revenue
Subscriber revenue $ 3,160  $ 257  $ 3,417 
Advertising revenue 85  734  819 
Equipment revenue 93  —  93 
Other revenue 65  —  65 
Total revenue 3,403  991  4,394 
Cost of services (d)
(1,340) (727) (2,067)
Segment gross profit $ 2,063  $ 264  $ 2,327 
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 June 30, 2024
Segment Gross Profit $ 1,166 
Subscriber acquisition costs (92)
Sales and marketing (a)
(217)
Engineering, design and development (a)
(60)
General and administrative (a)
(95)
Depreciation and amortization (133)
Share-based payment expense (46)
Impairment, restructuring and acquisition costs (18)
Total other expense (100)
Consolidated income before income taxes $ 405 
(a)     Share-based payment expense of $11 related to cost of services, $11 related to sales and marketing, $11 related to engineering, design and development and $13 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 June 30, 2023
Segment Gross Profit $ 1,199 
Subscriber acquisition costs (93)
Sales and marketing (b)
(209)
Engineering, design and development (b)
(72)
General and administrative (b)
(147)
Depreciation and amortization (139)
Share-based payment expense (42)
Impairment, restructuring and acquisition costs (18)
Total other expense (107)
Consolidated income before income taxes $ 372 
(b)     Share-based payment expense of $10 related to cost of services, $11 related to sales and marketing, $11 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 Six Months Ended June 30, 2024
Segment Gross Profit $ 2,302 
Subscriber acquisition costs (182)
Sales and marketing (c)
(434)
Engineering, design and development (c)
(134)
General and administrative (c)
(200)
Depreciation and amortization (273)
Share-based payment expense (91)
Impairment, restructuring and acquisition costs (46)
Total other expense (192)
Consolidated income before income taxes $ 750 
(c)     Share-based payment expense of $22 related to cost of services, $23 related to sales and marketing, $23 related to engineering, design and development and $23 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 Six Months Ended June 30, 2023
Segment Gross Profit $ 2,327 
Subscriber acquisition costs (183)
Sales and marketing (d)
(423)
Engineering, design and development (d)
(140)
General and administrative (d)
(278)
Depreciation and amortization (275)
Share-based payment expense (87)
Impairment, restructuring and acquisition costs (50)
Total other expense (210)
Consolidated income before income taxes $ 681 
(d)     Share-based payment expense of $20 related to cost of services, $20 related to sales and marketing, $22 related to engineering, design and development and $25 related to general and administrative has been excluded.