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Mar 31, 2023
Xperi Q1 2023 Earnings Report
Xperi's financial performance in Q1 2023 showed revenue growth and strategic advancements.
Key Takeaways
Xperi Inc. reported first quarter 2023 financial results with revenue of $126.8 million. The company continues to drive towards its strategic vision of being the independent media platform of choice with the announcement of a second Smart TV OEM and another Connected Car design win.
Signed agreement with a second top-ten Smart TV OEM to integrate the TiVo Operating System (TiVo OS).
Awarded a new program for its DTS AutoStage in-cabin infotainment platform with a major Japanese car manufacturer.
TiVo IPTV continued its double-digit subscriber growth with new rollouts by major service providers across the Americas.
Signed a series of major, multi-year license renewals during the quarter, demonstrating the durability and longevity of the DTS audio technology.
Xperi
Xperi
Forward Guidance
The Company reaffirms its outlook for fiscal 2023.
Positive Outlook
- Revenue between $510 million and $540 million (GAAP and non-GAAP).