Â鶹app

Quarterly report pursuant to Section 13 or 15(d)

Financial Information for Tracking Stock Groups - Statement of Operations (Details)

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Financial Information for Tracking Stock Groups - Statement of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue: Ìý Ìý Ìý Ìý
Total revenue $ 3,166 $ 3,244 $ 5,915 $ 5,800
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Subscriber acquisition costs 92 93 182 183
Other operating expense 76 280 163 398
Selling, general and administrative 454 490 919 976
Impairment, restructuring and acquisition costs 15 19 37 51
Depreciation and amortization 245 257 486 517
Total operating costs and expenses 2,638 2,721 4,885 4,937
Operating income (loss) 528 523 1,030 863
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (186) (200) (377) (396)
Share of earnings (losses) of affiliates, net 84 90 65 80
Realized and unrealized gains (losses) on financial instruments, net 169 (96) 166 (142)
Other, net 28 50 55 64
Total other income (expense) 95 (156) (91) (394)
Earnings (loss) before income taxes 623 367 939 469
Income tax benefit (expense) (116) (64) (187) (114)
Net earnings (loss) 507 303 752 355
Less net earnings (loss) attributable to the noncontrolling interests 50 50 92 87
Net earnings (loss) attributable to Â鶹app stockholders 457 253 660 268
Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 2,178 2,250 4,340 4,394
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Subscriber acquisition costs 92 93 182 183
Other operating expense 71 83 157 162
Selling, general and administrative 361 387 733 772
Impairment, restructuring and acquisition costs 4 18 17 50
Depreciation and amortization 156 154 311 315
Total operating costs and expenses 1,707 1,798 3,460 3,569
Operating income (loss) 471 452 880 825
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (126) (137) (255) (273)
Share of earnings (losses) of affiliates, net 1 79 6 72
Realized and unrealized gains (losses) on financial instruments, net 82 (164) 100 (162)
Unrealized gains/( loss) on inter-group interests Ìý 10 Ìý 64
Other, net 2 23 8 26
Total other income (expense) (41) (189) (141) (273)
Earnings (loss) before income taxes 430 263 739 552
Income tax benefit (expense) (81) (46) (149) (115)
Net earnings (loss) 349 217 590 437
Less net earnings (loss) attributable to the noncontrolling interests 50 51 92 88
Net earnings (loss) attributable to Â鶹app stockholders 299 166 498 349
Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 988 724 1,575 1,105
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Other operating expense 5 Ìý 6 Ìý
Selling, general and administrative 91 69 182 144
Impairment, restructuring and acquisition costs 11 Ìý 20 Ìý
Depreciation and amortization 89 84 175 168
Total operating costs and expenses 929 672 1,421 1,037
Operating income (loss) 59 52 154 68
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (53) (54) (108) (105)
Share of earnings (losses) of affiliates, net (2) (1) (5) (3)
Realized and unrealized gains (losses) on financial instruments, net (1) 64 47 17
Unrealized gains/( loss) on inter-group interests Ìý 40 Ìý (1)
Other, net 20 24 35 34
Total other income (expense) (36) 73 (31) (58)
Earnings (loss) before income taxes 23 125 123 10
Income tax benefit (expense) 1 (10) (22) (4)
Net earnings (loss) 24 115 101 6
Less net earnings (loss) attributable to the noncontrolling interests Ìý (1) Ìý (1)
Net earnings (loss) attributable to Â鶹app stockholders 24 116 101 7
Â鶹app Live Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Selling, general and administrative 2 Ìý 4 Ìý
Total operating costs and expenses 2 Ìý 4 Ìý
Operating income (loss) (2) Ìý (4) Ìý
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense (7) Ìý (14) Ìý
Share of earnings (losses) of affiliates, net 85 Ìý 64 Ìý
Realized and unrealized gains (losses) on financial instruments, net 88 Ìý 19 Ìý
Other, net 6 Ìý 12 Ìý
Total other income (expense) 172 Ìý 81 Ìý
Earnings (loss) before income taxes 170 Ìý 77 Ìý
Income tax benefit (expense) (36) Ìý (16) Ìý
Net earnings (loss) 134 Ìý 61 Ìý
Net earnings (loss) attributable to Â鶹app stockholders 134 Ìý 61 Ìý
Braves Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue Ìý 270 Ìý 301
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Other operating expense Ìý 197 Ìý 236
Selling, general and administrative Ìý 34 Ìý 60
Impairment, restructuring and acquisition costs Ìý 1 Ìý 1
Depreciation and amortization Ìý 19 Ìý 34
Total operating costs and expenses Ìý 251 Ìý 331
Operating income (loss) Ìý 19 Ìý (30)
Other income (expense): Ìý Ìý Ìý Ìý
Interest expense Ìý (9) Ìý (18)
Share of earnings (losses) of affiliates, net Ìý 12 Ìý 11
Realized and unrealized gains (losses) on financial instruments, net Ìý 4 Ìý 3
Unrealized gains/( loss) on inter-group interests Ìý (50) Ìý (63)
Other, net Ìý 3 Ìý 4
Total other income (expense) Ìý (40) Ìý (63)
Earnings (loss) before income taxes Ìý (21) Ìý (93)
Income tax benefit (expense) Ìý (8) Ìý 5
Net earnings (loss) Ìý (29) Ìý (88)
Net earnings (loss) attributable to Â鶹app stockholders Ìý (29) Ìý (88)
Sirius XM Holdings Revenue Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 2,178 2,250 4,340 4,394
Sirius XM Holdings Revenue | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 2,178 2,250 4,340 4,394
Revenue share and royalties Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 708 732 1,411 1,432
Revenue share and royalties | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 708 732 1,411 1,432
Programming and content Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 148 153 305 303
Programming and content | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 148 153 305 303
Customer service and billing Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 108 124 224 246
Customer service and billing | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 108 124 224 246
Other cost of subscriber services Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 59 54 120 106
Other cost of subscriber services | Â鶹app SiriusXM Group Ìý Ìý Ìý Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 59 54 120 106
Formula 1 Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 853 724 1,403 1,105
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 639 519 918 725
Formula 1 | Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 853 724 1,403 1,105
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 639 519 918 725
Other Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 135 270 172 301
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services 94 Ìý 120 Ìý
Other | Formula One Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue 135 Ìý 172 Ìý
Operating costs and expenses, including stock-based compensation: Ìý Ìý Ìý Ìý
Cost of services $ 94 Ìý $ 120 Ìý
Other | Braves Group Ìý Ìý Ìý Ìý
Revenue: Ìý Ìý Ìý Ìý
Total revenue Ìý $ 270 Ìý $ 301