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Xperi Q1 2025 Earnings Report
Xperi Inc. announced its first quarter 2025 financial results, highlighting significant growth in adjusted EBITDA and the expansion of its TiVo One platform.
Key Takeaways
Xperi Inc. reported first quarter 2025 revenue of $114.0 million and a GAAP net loss of $18.4 million. Despite a slight decrease in revenue year-over-year, the company achieved a 200% year-over-year adjusted EBITDA growth, reaching $16.4 million, driven by business transformation efforts and cost reductions. The TiVo One platform expanded its footprint to 2.5 million monthly active users.
Achieved 2.5 million TiVo One Monthly Active Users, consistent with expectations, setting a foundation for future monetization.
Reported a 200% year-over-year Adjusted EBITDA growth, reaching $16.4 million, attributed to business transformation and cost savings.
Successfully rolled out a home page ad unit and a new connected TV advertising unit across the TiVo One platform, creating additional monetization opportunities.
Expanded the U.S. based connected TV monetization footprint for the TiVo One advertising platform by signing several new customers, bringing the cumulative total of TiVo broadband wins to over 30.
Xperi
Xperi
Forward Guidance
The Company maintains its outlook for fiscal year 2025, expecting revenue between $480 million and $500 million and a Non-GAAP Adjusted EBITDA Margin of 16% to 18%.
Positive Outlook
- Expects monetization to build as users engage more through the platform and scale is gained in certain territories.
- Continued business transformation efforts, including savings from cost reductions and business divestitures, are expected to support profitability.
- Anticipates continued expansion of the TiVo One platform's footprint and user engagement.
- Foresees ongoing growth in the connected car segment with new models launching with DTS AutoStage.
- Maintains strong relationships with consumer electronics partners through long-term audio and IMAX Enhanced renewals.
Challenges Ahead
- Macroeconomic conditions continue to be monitored, which could impact financial performance.
- The company is unable to provide a quantitative reconciliation for forward-looking non-GAAP Adjusted EBITDA Margin due to inherent uncertainties.
- Future results are subject to risks and uncertainties described in SEC filings.
- The company does not assume any obligation to publicly update forward-looking statements.
- The divestiture of Perceive in Q4 2024 will impact year-over-year revenue comparisons.