Sirius XM Holdings Inc.
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Sirius XM Holdings Inc. (SIRI). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Sirius XM | $6.34B 78.9% | $6.62B 76.2% · +4.4% | $6.91B 76.7% · +4.2% | $6.84B 76.4% · -0.9% | $6.55B 75.3% · -4.2% | $6.42B 75.0% · -2.1% |
| Pandora and Off-platform | $1.70B 21.1% | $2.07B 23.8% · +22.0% | $2.10B 23.3% · +1.3% | $2.11B 23.6% · +0.7% | $2.15B 24.7% · +1.6% | $2.14B 25.0% · -0.2% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Subscriber revenue | $6.37B 79.3% | $6.61B 76.1% · +3.8% | $6.89B 76.6% · +4.2% | $6.87B 76.7% · -0.4% |
| Advertising revenue | $1.34B 16.7% | $1.73B 19.9% · +29.1% | $1.77B 19.7% · +2.4% | $1.76B 19.6% · -0.8% |
| Equipment revenue | $173.0M 2.2% | $201.0M 2.3% · +16.2% | $189.0M 2.1% · -6.0% | $193.0M 2.2% · +2.1% |
| Other revenue | $155.0M 1.9% | $151.0M 1.7% · -2.6% | $150.0M 1.7% · -0.7% | $136.0M 1.5% · -9.3% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 11, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.