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Jun 30, 2023
Xperi Q2 2023 Earnings Report
Strategic momentum continued with additional wins for TiVo OS and Connected Car.
Key Takeaways
Xperi Inc. announced second quarter 2023 financial results, highlighting strategic momentum in Media Platform and Connected Car, expecting Smart TVs with TiVo OS to ship in North America next year, and automotive design wins to build, positioning the company for long-term revenue growth and improved profitability.
Announced Sharp as the second Smart TV OEM to launch TVs Powered by TiVo, expected to ship in 2024 starting in Europe.
Signed a third Smart TV OEM to integrate the TiVo Operating System into their TV lineup in 2024.
Smart TVs Powered by TiVo are now expected to ship in North America next year, opening a new market for Smart TV monetization.
Expanded DTS AutoStage in-cabin entertainment platform to over four million vehicles globally, spanning five automotive brands.
Xperi
Xperi
Forward Guidance
The Company reaffirms its outlook for fiscal 2023 with revenue between 510 to 540 million and Adjusted EBITDA Margin between 6% to 10%.