Xperi Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw flat total revenue but strong growth in Media Platform and Connected Car, with user bases and advertising monetization expanding rapidly. Guidance for the year is reaffirmed, with expectations for higher ARPU and continued platform growth.
Fiscal Year 2025
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Q4 revenue declined 5% year-over-year to $117M, but strong growth in Media Platform and Connected Car segments offset declines in Pay TV and Consumer Electronics. 2026 guidance anticipates doubling media platform revenue and positive free cash flow, with ARPU expected to exceed $10.
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Q3 2025 saw revenue of $112M, with strong growth in connected car and IPTV segments, and TiVo One ARPU reaching $8.75. A 15% workforce reduction was announced to drive profitability, and 2025 guidance was reiterated.
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The conference highlighted strong progress in smart TV and connected car platforms, with user and partner growth, new product launches, and expanding ad monetization. Financials showed stable profitability despite revenue headwinds, and the outlook remains positive for platform-driven growth.
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Q2 2025 revenue fell 11% year-over-year to $106 million, but adjusted EBITDA rose 4% to $15 million due to cost management. Strategic progress was made in user growth and platform expansion, though macro headwinds led to reduced full-year guidance and ongoing uncertainty.
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Q1 2025 saw strong execution on growth initiatives, with revenue of $114M and adjusted EBITDA tripling year-over-year. The company maintained its full-year outlook, expects positive cash flow, and continues to expand its TiVo OS and connected car platforms.
Fiscal Year 2024
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Q4 revenue grew 2% year-over-year (adjusted for divestitures), with adjusted EBITDA margin more than doubling for the year. 2025 guidance targets revenue of $480–$500 million, improved margins, and strong growth in Media Platform and Connected Car, offsetting Pay TV declines.
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Q3 revenue grew 2% year-over-year to $133M, with strong Pay TV and Connected Car performance offset by declines in consumer electronics and media platforms. Cost optimization drove a 24% adjusted EBITDA margin, and full-year guidance was updated to reflect market softness and partner delays.
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Q2 revenue reached $120M, with strong growth in Connected Car and IPTV offsetting declines in Consumer Electronics and Media Platform. Adjusted EBITDA nearly tripled year-over-year, and the company remains on track to exceed key operational targets for 2024.