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Dec 31, 2024
Xperi Q4 2024 Earnings Report
Xperi Inc. reported a strong operational close to fiscal year 2024, expanding its independent media platform footprint and doubling year-over-year Adjusted EBITDA.
Key Takeaways
Xperi Inc. announced its fourth quarter and full-year 2024 financial results, highlighting significant expansion in its independent media platform across Smart TV, connected car, and video-over-broadband. Despite a slight year-over-year revenue decline when adjusting for divested businesses, the company achieved a substantial increase in profitability, doubling its Adjusted EBITDA.
Achieved TiVo OS milestone of over two million activated Smart TVs.
Sharp Smart TVs Powered by TiVo began production in December and are now available in certain U.S. retail.
DTS AutoStage global installed base of vehicles now exceeds 10 million cars, doubling year over year.
Ended 2024 with 2.6 million video-over-broadband (IPTV) subscriber households, up 37% year over year.
Forward Guidance
For fiscal year 2025, Xperi expects revenue between $480 million and $500 million, with a non-GAAP Adjusted EBITDA Margin of 16% to 18%. The company plans to focus on growing revenue within strategic initiatives, including expanding its Smart TV footprint, accelerating deployment of TiVo video-over-broadband, and growing its DTS AutoStage footprint.
Positive Outlook
- Expansion of Smart TV footprint.
- Accelerated deployment of TiVo video-over-broadband.
- Growth of DTS AutoStage footprint.
- Increased scale and unique audiences from expanding user base of connected devices.
- Significant monetization opportunities expected from growing user base.
Challenges Ahead
- Inability to provide quantitative reconciliation for Adjusted EBITDA Margin due to inherent uncertainties.
- Items like restructuring and discrete tax adjustments are uncertain.
- Tax law changes are inherently uncertain.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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