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 13 quarters(54%)
ActualEstimate

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
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%
Q3 2021+1.2%-5.5%-11.2%
Q4 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
Q3 2019
Q2 2019
Q1 2019
Q4 2018
Q3 2018
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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