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Jun 30, 2024
Xperi Q2 2024 Earnings Report
Reported solid financial results with improved profitability and continued execution on strategic growth initiatives.
Key Takeaways
Xperi Inc. announced second quarter 2024 financial results, demonstrating solid financial performance with improved profitability driven by its business transformation efforts and strategic growth initiatives. The company highlighted the expansion of its TiVo OS and Video-over-Broadband footprint, which are expected to drive long-term revenue growth and margin expansion.
Signed the seventh TiVo OS partner, a Top 5 supplier of Smart TVs into the U.S. market, with plans to launch TVs “Powered by TiVo” in the U.S. in spring of 2025.
Smart TVs “Powered by TiVo” are now available across 15 European countries, including the largest economies, under 17 different brands.
Ended Q2 2024 with over 2.25 million Video-over-Broadband (IPTV) subscriber households, continuing the trend of consecutive quarters of double-digit year-over-year subscriber growth.
Expanded TiVo Broadband with the signing of three new operators: Service Electric Cablevision, Eastlink, and HTC, bringing the total number of TiVo Broadband providers to ten.
Xperi
Xperi
Forward Guidance
The Company makes no change to the 2024 outlook ranges previously provided: Revenue $500M to $530M and Adjusted EBITDA Margin 12% to 14%.