Content Detail

• Content META

  Title	Xperi Inc. Announces Second Quarter 2025 Results
  ID	12262212
  External ID	7948768158
  Author	Unknown
  Published Date	Aug. 6, 2025, 3:22 p.m.
  Summary	Reached 3.7 Million TiVo One Monthly Active Users and Signed Ninth TiVo OS TV Partner IPTV Subscriber Households Grew Over 30 Percent Year-over-Year AutoStage Footprint Grew 70 Percent Year-over-Year
  Tags	press-release
  URL	https://www.stockwatch.com/news/item/u-b20250806832773-u!xper-20250806/u/xper
  Sentiment	Negative: 0.04414    Neutral: 0.07828    Positive: 0.87757
  Relevance	0.03365

• Content Details

  Content ID	7839332
  Key	c7fbf803-2c33-4068-a50a-56c83fb429e7
  Content	Reached 3.7 Million TiVo One Monthly Active Users and Signed Ninth TiVo OS TV Partner IPTV Subscriber Households Grew Over 30 Percent Year-over-Year AutoStage Footprint Grew 70 Percent Year-over-Year and Now Exceeds 12 Million Vehicles SAN JOSE, Calif. -- (Business Wire) Xperi Inc. (NYSE: XPER) (the “Company” or “Xperi”), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced second quarter 2025 financial results for the period ended June 30, 2025. “Over this past quarter, while operating in an increasingly difficult environment, we made significant progress on our strategic initiatives that are critical to meeting our longer-term growth plans,” said Jon Kirchner, chief executive officer of Xperi. “We grew Monthly Active Users on Smart TVs as well as video-over-broadband devices utilizing the TiVo One ad platform to 3.7 million. We also added over one million new vehicles to our AutoStage footprint, which now exceeds 12 million vehicles worldwide, and grew our IPTV footprint to over 3 million subscriber households.” Mr. Kirchner continued, “During the quarter, we delivered advertising across multiple markets on our TiVo One ad platform to positive market response as we continue to build scale in key territories we believe are essential to accelerating revenue growth in our Media Platform business. Looking ahead to 2026, we intend to capitalize on the opportunity to expand advertising activity on our TiVo One ad platform both directly and through partnerships.” Financial Results GAAP ($ millions, except per share data) Q2 FY25 Q2 FY24 Revenue $105.9 $119.6 1 GAAP operating loss ($11.1) ($21.9) GAAP net loss2 ($14.8) ($30.3) GAAP diluted loss per share 2 ($0.32) ($0.67) Non-GAAP 3 ($ millions, except per share data) Q2 FY25 Q2 FY24 Revenue $105.9 $119.61 Non-GAAP operating income $8.8 $8.3 Non-GAAP net income 2 $4.8 $5.6 Non-GAAP earnings per share 2 $0.11 $0.12 Non-GAAP adjusted EBITDA $15.2 $14.6 Non-GAAP adjusted EBITDA Margin 14.4% 12.2% 1 The contribution from Perceive, which was divested on October 2, 2024, accounted for approximately $1.9 million of revenue in Q2 FY2024. 2 Attributable to the Company. 3 For further information on supplemental non-GAAP metrics included in this press release, refer to the “Non-GAAP Financial Measures” description and “GAAP to Non-GAAP Reconciliations” provided in the financial statement tables. Recent Key Operating Achievements Media Platform Substantial progress toward building scale and ecosystem for TiVo One ad platform Achieved 3.7 million TiVo One Monthly Active Users. Signed our ninth TiVo OS TV partnership with a house brand for a leading European retailer and remain on track to reach our 2025 year-end goal of ten TV OEM partners. Expanded direct selling of home page ad units to leading streaming partners in major markets in Europe, and signed key partnership agreements with Wurl (a streaming TV subsidiary of AppLovin), Kargo (a leading value-added ad reseller), and FreeWheel (a leading global tech platform). Connected Car Continued to expand the Connected Car ecosystem with further HD Radio wins and strong DTS AutoStage footprint growth and broader global broadcaster support Signed two new DTS AutoStage OEM programs and reached over 12 million vehicles on the platform. New models launched include BMW 5-Series, Kia EV9, and Hyundai Ioniq 5 and Ioniq 9. Broadened the ecosystem for DTS AutoStage by expanding the number of global broadcasters that support the platform, now aggregating content from broadcasters in over 60 countries. Signed multi-year HD Radio IC agreement and saw new vehicle models launched from partners including BMW, Honda, Hyundai and Volkswagen. Pay TV Continued strong IPTV household growth and saw accelerating operator support for video-over-broadband programs Achieved over 30 percent year-over-year subscriber growth to achieve our 2025 stated goal of 3 million global subscriber households for IPTV. Signed renewals with large operators including Liberty Latin America and Cable One, representing new multi-year commitments to our TiVo IPTV and video-over-broadband solutions. Executed international metadata agreements with Korea Telecom, the largest telecom operator in Korea, as well as Proximus in Europe. Consumer Electronics Renewed key contracts for core technologies and signed first revenue contract for new AI-based Clear Dialogue technology Signed key contract renewals for DTS sound technologies with TPV (Philips), TCL and Sony. Renewed IMAX ® Enhanced * license agreement with Sony for TVs, soundbars, receivers, and projectors. Signed the first customer TV contract for DTS Clear Dialogue, an AI-based dialogue enhancement sound technology with expected market availability in the first half of 2026. * IMAX ® Enhanced is a certification and licensing program operated by IMAX Corporation and DTS, Inc. Financial Outlook The Company reiterates the outlook for fiscal year 2025 that was previously updated on July 28, 2025, as follows: Category GAAP Outlook Non-GAAP Outlook Revenue $440M to $460M $440M to $460M Adjusted EBITDA Margin1,2 n/a 15% to 17% 1 See discussion of “Non-GAAP Financial Measures” below. 2 With respect to Adjusted EBITDA Margin, the Company has determined that it is unable to provide a quantitative reconciliation of this forward-looking non-GAAP measure to the most directly comparable forward-looking GAAP measure with a reasonable degree of confidence in its accuracy without unreasonable effort, as items including restructuring and impacts from discrete tax adjustments and tax law changes are inherently uncertain and depend on various factors, many of which are beyond the Company's control. Conference Call Information The Company will hold its second quarter 2025 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Wednesday, August 6, 2025. To access the call toll-free, please dial 1-888-596-4144, otherwise dial 1-646-968-2525. The conference ID is 5483252. All participants should dial in 15 minutes prior to the start of the call using the conference ID listed above. Alternatively, the call can be accessed via the following webcast link: Xperi Q2 2025 Earnings Call. Safe Harbor Statement This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitation, expectations regarding revenue growth and Adjusted EBITDA Margin growth, the deployment by third parties of their products that use our technology, objectives for future operations, and ongoing strategies and operating initiatives, including, without limitation, expected market availability timeframe for DTS Clear Dialogue, our monetization goals and expectations, including, without limitation, expectations regarding growth in the Media Platform business, long-term monetization in Connected Car, and expansion of advertising activity on our TiVo One ad platform, and other objectives. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” “goal,” and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the “SEC”), as updated in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 to be filed with the SEC, and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. About Xperi Inc. Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS ®, HD Radio™, TiVo ® ) are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX® Enhanced, a certification and licensing program operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers, driving increased value for partners, customers and consumers. ©2025 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX Corporation. All other trademarks and content are the property of their respective owners. Definition for TiVo One Monthly Active User Xperi defines a “TiVo One Monthly Active User” as a unique device that has connected to the TiVo video service, which includes the TiVo One advertising platform, at least once within the last 30 days. The TiVo One advertising platform integrates with the device’s operating system on certain “Powered by TiVo” devices, including smart TVs and video-over-broadband products. Non-GAAP Financial Measures In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company’s press release contains non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Income/(Loss) attributable to the Company, Non-GAAP Net Income/(Loss) Per Share attributable to the Company, Non-GAAP Adjusted EBITDA, and Non-GAAP Adjusted EBITDA Margin. Non-GAAP Operating Income/(Loss) is defined as GAAP Operating Income/(Loss), less the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance. Non-GAAP Net Income/(Loss) attributable to the Company is defined as GAAP Net Income/(Loss) attributable to the Company excluding the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance; and related tax effects for each adjustment. Non-GAAP Net Income/(Loss) Per Share attributable to the Company is defined as Non-GAAP Income/(Loss) attributable to the Company divided by Non-GAAP weighted average shares outstanding - diluted. Non-GAAP Adjusted EBITDA is defined as GAAP Net Income/(Loss), less the impact of interest expense; provision for income taxes; stock-based compensation; depreciation expense; amortization of intangible assets; amortization of capitalized cloud computing costs; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance. Non-GAAP Adjusted EBITDA Margin is defined as Non-GAAP Adjusted EBITDA divided by total revenue. Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company’s ongoing business and financial performance and provide a better understanding of our core operating results reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the tables attached hereto. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis. Set forth below are reconciliations of the Company’s reported GAAP to non-GAAP financial measures. XPER-E XPERI INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenue $ 105,933 $ 119,591 $ 219,966 $ 238,435 Operating expenses: Cost of revenue, excluding depreciation and amortization of intangible assets 33,549 28,953 63,148 58,709 Research and development 29,783 45,123 69,332 95,562 Selling, general and administrative 41,142 53,102 89,840 109,455 Depreciation expense 3,448 3,278 6,353 6,862 Amortization expense 9,144 11,042 18,866 22,081 Total operating expenses 117,066 141,498 247,539 292,669 Operating loss (11,133 ) (21,907 ) (27,573 ) (54,234 ) Interest and other income, net 1,747 1,290 4,042 2,332 Interest expense - debt (759 ) (748 ) (1,491 ) (1,496 ) Gain on divestiture — — — 22,934 Loss before taxes (10,145 ) (21,365 ) (25,022 ) (30,464 ) Provision for income taxes 4,636 9,266 8,125 13,538 Net loss (14,781 ) (30,631 ) (33,147 ) (44,002 ) Less: net loss attributable to noncontrolling interest — (332 ) — (583 ) Net loss attributable to the Company $(14,781 ) $(30,299 ) $(33,147 ) $(43,419 ) Net loss per share attributable to the Company - basic and diluted $(0.32 ) $(0.67 ) $(0.73 ) $(0.97 ) Weighted-average number of shares used in computing net loss per share attributable to the Company - basic and diluted45,846 45,331 45,313 44,926 XPERI INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (unaudited) June 30, 2025 December 31, 2024 ASSETS Current assets: Cash and cash equivalents $ 95,148 $ 130,564 Accounts receivable, net 59,787 58,745 Unbilled contracts receivable, net 81,325 83,075 Prepaid expenses and other current assets 35,756 32,488 Deferred consideration from divestiture 11,645 — Total current assets 283,661 304,872 Note receivable, noncurrent 30,857 29,702 Deferred consideration from divestiture, noncurrent 7,384 18,217 Unbilled contracts receivable, noncurrent 51,568 45,396 Property and equipment, net 46,927 44,473 Operating lease right-of-use assets 32,190 30,082 Intangible assets, net 144,855 163,714 Deferred tax assets 7,734 7,228 Other noncurrent assets 24,044 24,076 Total assets $629,220 $667,760 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 14,952 $ 16,979 Accrued liabilities 78,158 94,420 Deferred revenue 20,315 23,950 Short-term debt — 50,000 Total current liabilities 113,425 185,349 Long-term debt 40,000 — Deferred revenue, noncurrent 17,783 20,932 Operating lease liabilities, noncurrent 24,256 19,932 Deferred tax liabilities 1,491 1,491 Other noncurrent liabilities 12,438 10,979 Total liabilities 209,393 238,683 Equity: Common stock 46 44 Additional paid-in capital 1,293,958 1,274,561 Accumulated other comprehensive loss (1,586 ) (6,084 ) Accumulated deficit (872,591 ) (839,444 ) Total equity 419,827 429,077 Total liabilities and equity $629,220 $667,760 XPERI INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Six Months Ended June 30, 2025 2024 Cash flows from operating activities: Net loss $ (33,147 ) $ (44,002 ) Adjustments to reconcile net loss to net cash used in operating activities: Stock-based compensation expense 22,429 30,060 Amortization of intangible assets 18,866 22,081 Depreciation of property and equipment 6,353 6,862 Accrued interest income from note receivable (1,155 ) (895 ) Accretion of discount from deferred consideration from divestitures (812 ) (414 ) Gain from divestiture — (22,934 ) Deferred income taxes (506 ) 163 Other 1,955 (692 ) Changes in operating assets and liabilities: Accounts receivable (1,449 ) (2,903 ) Unbilled contracts receivable (4,422 ) (22,027 ) Prepaid expenses and other assets 461 4,909 Accounts payable (1,997 ) (5,360 ) Accrued and other liabilities (11,943 ) (19,404 ) Deferred revenue (6,784 ) 2,635 Net cash used in operating activities (12,151 ) (51,921 ) Cash flows from investing activities: Purchases of property and equipment (1,627 ) (2,307 ) Capitalized internal-use software (7,352 ) (5,825 ) Purchases of intangible assets (7 ) (84 ) Net cash used in divestiture — (227 ) Net cash used in investing activities (8,986 ) (8,443 ) Cash flows from financing activities: Repayment of short-term debt (50,000 ) — Withholding taxes related to net share settlement of equity awards (6,345 ) (5,929 ) Payment of debt issuance costs (1,249 ) — Proceeds from long-term debt 40,000 — Proceeds from issuance of common stock under employee stock purchase plan 3,315 4,328 Net cash used in financing activities (14,279 ) (1,601 ) Effect of exchange rate changes on cash and cash equivalents — 12 Net decrease in cash and cash equivalents (35,416 ) (61,953 ) Cash and cash equivalents at beginning of period (1) 130,564 154,434 Cash and cash equivalents at end of period $95,148 $92,481 (1) Includes $12.3 million of cash and cash equivalents classified as held for sale at December 31, 2023. XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended June 30, 2025 2024 Reconciliation of net income attributable to the Company: GAAP net loss attributable to the Company $ (14,781 ) $ (30,299 ) Adjustments to GAAP net loss attributable to the Company: Stock-based compensation (1) 10,327 15,303 Amortization of intangible assets 9,144 11,042 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs (2) 73 4,003 Severance and retention(3) 365 308 Income tax adjustment (4) (280 ) 5,281 Non-GAAP net income attributable to the Company $4,848 $5,638 (1) Stock-based compensation included in above line items: Cost of revenue, excluding depreciation and amortization of intangible assets $ 844 $ 858 Research and development $ 3,191 $ 5,831 Selling, general and administrative $ 6,292 $ 8,614 (2) Transaction, integration and restructuring costs included in above line items: Selling, general and administrative $ 73 $ 3,588 Interest and other income, net $ — $ 415 (3) Severance and retention included in above line items: Cost of revenue, excluding depreciation and amortization of intangible assets $ — $ 44 Research and development $ 21 $ 146 Selling, general and administrative $ 344 $ 118 (4) The provision for income taxes is adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments. Reconciliation of net income per share attributable to the Company: GAAP net loss attributable to the Company $ (0.32 ) $ (0.67 ) Adjustments to GAAP net loss per share attributable to the Company: Stock-based compensation 0.23 0.34 Amortization of intangible assets 0.20 0.24 Transaction, integration and restructuring related costs 0.01 0.09 Income tax adjustment (0.01 ) 0.12 Non-GAAP net income per share attributable to the Company $0.11 $0.12 GAAP weighted-average number of shares - basic and diluted 45,846 45,331 Non-GAAP weighted-average number of shares - diluted 45,979 45,494 XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended June 30, 2025 2024 GAAP operating loss $ (11,133 ) $ (21,907 ) Adjustments to GAAP operating loss: Stock-based compensation 10,327 15,303 Amortization of intangible assets 9,144 11,042 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs 73 3,588 Severance and retention 365 308 Non-GAAP operating income $8,776 $8,334 XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended June 30, 2025 2024 GAAP net loss $ (14,781 ) $ (30,631 ) Adjustments to GAAP net loss: Interest expense 915 925 Provision for income taxes 4,636 9,266 Stock-based compensation 10,327 15,303 Depreciation expense 3,448 3,278 Amortization of intangible assets 9,144 11,042 Amortization of capitalized cloud computing costs 1,081 1,124 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs 73 4,003 Severance and retention 365 308 Non-GAAP Adjusted EBITDA $15,208 $14,618 Non-GAAP Adjusted EBITDA Margin (1)14.4 % 12.2 % (1) Non-GAAP Adjusted EBITDA Margin is calculated by dividing Non-GAAP Adjusted EBITDA, derived as above, by the Company's total revenue, expressed as a percentage. View source version on businesswire.com: https://www.businesswire.com/news/home/20250806832773/en/ Contacts: Xperi Investor Contact: Idalia Rodriguez Arbor Advisory Group +1 203-293-3325 ir@xperi.com Media Contact: Tom Huntington +1 619-743-9057 thomas.huntington@xperi.com Source: Xperi Inc © 2025 Canjex Publishing Ltd. All rights reserved.
  Content Reference URL	None

• Publisher

  Publisher Name	Canada StockWatch (#2526)
  Publisher URL	https://www.stockwatch.com
  Description	None
  Trust Flow Score	57
  Citation Flow Score	42

• Data Source

  Data Source Name	Quantexa News (#5)
  Data Source Type	news
  Data Source URL	https://app.aylien.com/dashboard
  Description	Welcome to Quantexa News API — the most powerful way to aggregate, filter, and integrate global news data into your apps and models.
  Weight	10