Xperi Inc
NYSE:XPER
Xperi Inc
Xperi, Inc. operates as a media software company. The company is headquartered in San Jose, California and currently employs 1,800 full-time employees. The company went IPO on 2022-09-20. The firm offers consumers a seamless end-to-end entertainment experience, from choice to consumption, in the home, in the car, and on the go. The firm through three business categories: Pay- TV, Consumer Electronics, Connected Car, and Media Platform. Pay-TV transforms the traditional television user experience from linear multi-channel video program distribution (MVPD) to cloud-based digital video recording (DVR). The company is artificial intelligence (AI) powered, which helps to watch television (TV) shows, movies, sports, and more across live, recorded, on-demand, and streaming TV. Consumer Electronics offers home and mobile audio solutions. Connected Car transforms the automotive experience by multimedia and personalization to the connected car. Media Platform provides technology that enables consumers to find, watch, and enjoy their favorite media entertainment on connected devices.
Xperi, Inc. operates as a media software company. The company is headquartered in San Jose, California and currently employs 1,800 full-time employees. The company went IPO on 2022-09-20. The firm offers consumers a seamless end-to-end entertainment experience, from choice to consumption, in the home, in the car, and on the go. The firm through three business categories: Pay- TV, Consumer Electronics, Connected Car, and Media Platform. Pay-TV transforms the traditional television user experience from linear multi-channel video program distribution (MVPD) to cloud-based digital video recording (DVR). The company is artificial intelligence (AI) powered, which helps to watch television (TV) shows, movies, sports, and more across live, recorded, on-demand, and streaming TV. Consumer Electronics offers home and mobile audio solutions. Connected Car transforms the automotive experience by multimedia and personalization to the connected car. Media Platform provides technology that enables consumers to find, watch, and enjoy their favorite media entertainment on connected devices.
Revenue: Xperi reported third quarter revenue of $112 million, lower than last year due to a large prior-period minimum guarantee deal, but in line with expectations.
User Growth: TiVo One monthly active users grew 30% sequentially to 4.8 million, with targets to exceed 5 million by year-end.
ARPU Metric: TiVo One ARPU reached $8.75, approaching the $10 target for year-end and with longer-term goals of exceeding $20.
Connected Car: DTS AutoStage platform installed base surpassed 13 million vehicles, with new partnerships and targeted advertising trials underway.
Cost Actions: Announced workforce reduction of 250 employees (about 15% of staff), expected to save $30–35 million annually.
Guidance Reaffirmed: Management reiterated 2025 revenue guidance of $440–460 million and EBITDA margin of 15–17%.
Cash Flow: Second consecutive quarter of positive free cash flow ($2 million) and operating cash flow of $8 million.
Minimum Guarantees: Minimum guarantee contracts remain a significant revenue source, accounting for just over 20% of 2024 revenue and expected to be in the low 20% range in 2025.
