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Mar 31, 2024
Xperi Q1 2024 Earnings Report
Xperi's financial performance for Q1 2024 was announced, highlighting growth in key areas amidst strategic transformation.
Key Takeaways
Xperi Inc. reported its first quarter 2024 financial results, showing a revenue of $118.8 million. The company saw strong growth in Connected Car, Media Platform, and Video-over-Broadband, but overall revenue was down year-over-year due to the impact of the AutoSense and imaging divestiture. The company is focusing on its media platform strategy to drive profitable growth and reduce expenses.
Xperi is advancing its transformation as an independent company.
The company delivered solid financial results across key growth areas.
TiVo OS footprint is expected to scale in the coming quarters.
Video-over-Broadband offering continues to grow at double digit rates.
Xperi
Xperi
Forward Guidance
The Company reaffirms its outlook for fiscal year 2024 with revenue expected to be between $500 to $530 million and Adjusted EBITDA Margin between 12% to 14%.