NYSE$XPER

Xperi Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Xperi Inc. reported a strong operational close to fiscal year 2024, expanding its independent media platform footprint and doubling year-over-year Adjusted EBITDA.

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.

Headline financials

Total Revenue

$122M

Previous: $137M-10.8%
EPS (adj)

$0.39

Previous: $0.11+254.5%
Adjusted EBITDA

$22.7M

Previous: $13.4M+69.6%
Adjusted EBITDA Margin

18.6%

Previous: 9.8%+89.8%
TiVo One MAUs

1.5M

No prior period
IPTV Households

2.6M

No prior period
Capital Expenditures

-$4.32M

Previous: -$3.35M-28.8%
Net Income

$46.2M

Previous: -$25.3M+282.6%
Operating Income

-$14.3M

Previous: -$29.8M+52.1%
Gross Profit

$81.6M

Previous: $104M-21.3%
R&D Expense

$40.3M

Previous: $54.9M-26.7%

Revenue & EPS history

Xperi · Revenue · Quarterly

$122M

Q4 2024-10.8%vs Q4 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

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.

Tailwinds

  • 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.

Headwinds

  • 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.
  • Various factors beyond the company's control may impact results.
  • No specific negative financial outlook provided beyond general uncertainties.

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 Q4 2024

Historical avgQ4 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%——
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