NYSE$XPER

Xperi Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Announced third quarter 2024 financial results.

Xperi Inc. reported third quarter results with a focus on entertainment-based solutions, growing its media platform and licensing businesses. The TiVo OS Smart TV footprint is approaching one million units, and the company is on track to achieve its year-end target of two million smart TVs. The Perceive transaction closed for gross proceeds of $80 million in cash.

  • TiVo OS Smart TV footprint is approaching one million activated units and tracking toward a year-end goal of two million.
  • DTS AutoStage video design won with a Japanese automotive OEM.
  • Exceeded year-end target of 2.4 million Video over Broadband subscriber households.
  • Closed Perceive asset sale for gross proceeds of $80 million in cash.

Headline financials

Total Revenue

$133M

Previous: $130M+1.9%
EPS (adj)

$0.51

Previous: -$0.08+737.5%
Capital Expenditures

-$3.3M

Previous: -$9.43M+65.0%
Free Cash Flow

-$20.1M

Previous: -$50.9M+60.5%
Net Income

-$16.8M

Previous: -$41.4M+59.4%
Operating Income

-$18.6M

Previous: -$31.1M+40.2%
Gross Profit

$105M

Previous: $104M+1.4%
Cash & Equivalents

$72.7M

Previous: $132M-44.7%
Total Assets

$616M

Previous: $664M-7.2%
R&D Expense

$43M

Previous: $56.4M-23.8%
Stock-Based Comp

$15.2M

Previous: $17.6M-13.5%

Revenue & EPS history

Xperi · Revenue · Quarterly

$133M

Q3 2024+1.9%vs Q3 2023
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Xperi · $106M total across 4 segments · Q2 2025

  • Pay-TV
    $49.9M—
  • Connected Car
    $25.1M—
  • Consumer Electronics
    $18.8M—
  • Media Platform
    $12.1M—

Forward guidance

The company updated its 2024 outlook ranges.

Tailwinds

  • Focus on entertainment-based solutions to grow independent media platform and licensing businesses.
  • TiVo OS Smart TV footprint approaching one million units, on track for two million by year-end.
  • Innovation pipeline yielding new product solutions, including AI-driven DTS Clear Dialogue.
  • Business transformation efforts driving operating leverage and improved profitability.
  • Executed agreement with NCTC for a new Broadband TV solution, expanding U.S. monetization through the TiVo platform.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.9%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-0.6%

Avg return

30 days after

52%

12 / 23 earnings

Positive

+28.7%

Q3 2020

Best reaction

-10.9%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+12.0%+16.4%+7.2%
Q4 2025+3.4%+10.4%-0.5%
Q3 2025+1.8%-2.5%-10.7%
Q1 2025+15.4%+20.0%+12.7%
Q4 2024-3.2%-5.3%-8.4%
Q3 2024-7.9%-11.0%+2.2%
Q2 2024-6.4%-4.4%+13.1%
Q1 2024-9.8%-13.1%-26.8%
Q4 2023-6.0%-6.6%+3.4%
Q3 2023+7.5%+22.0%+18.9%
Q2 2023-10.6%-8.4%-16.2%
Q1 2022+2.7%+4.4%+20.6%
Q1 2023+1.3%-3.7%+18.9%
Q2 2022-2.3%-8.2%-9.8%
Q4 2020-2.3%-8.2%-9.8%
Q4 2022+13.5%+14.9%+3.3%
Q4 2021+1.2%-5.5%-11.2%
Q3 2021+1.2%-5.5%-11.2%
Q3 2022-9.1%-3.7%-7.3%
Q2 2021-0.5%——
Q1 2021+0.5%——
Q3 2020+28.7%——
Q2 2020-10.9%——
Q1 2020———
Q4 2019———
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