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Xperi Inc. Announces Second Quarter 2025 Results

Reached 3.7 Million TiVo One Monthly Active Users and Signed Ninth TiVo OS TV Partner

IPTV Subscriber Households Grew Over 30 Percent Year-over-Year

AutoStage Footprint Grew 70 Percent Year-over-Year and Now Exceeds 12 Million Vehicles

SAN JOSE, Calif.--(BUSINESS WIRE)-- Xperi Inc. (NYSE: XPER) (the 鈥淐ompany鈥� or 鈥淴peri鈥�), an entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced second quarter 2025 financial results for the period ended June 30, 2025.

鈥淥ver this past quarter, while operating in an increasingly difficult environment, we made significant progress on our strategic initiatives that are critical to meeting our longer-term growth plans,鈥� said Jon Kirchner, chief executive officer of Xperi. 鈥淲e grew Monthly Active Users on Smart TVs as well as video-over-broadband devices utilizing the TiVo One ad platform to 3.7 million. We also added over one million new vehicles to our AutoStage footprint, which now exceeds 12 million vehicles worldwide, and grew our IPTV footprint to over 3 million subscriber households.鈥�

Mr. Kirchner continued, 鈥淒uring the quarter, we delivered advertising across multiple markets on our TiVo One ad platform to positive market response as we continue to build scale in key territories we believe are essential to accelerating revenue growth in our Media Platform business. Looking ahead to 2026, we intend to capitalize on the opportunity to expand advertising activity on our TiVo One ad platform both directly and through partnerships.鈥�

Financial Results

Recent Key Operating Achievements

Media Platform

Substantial progress toward building scale and ecosystem for TiVo One ad platform

• Achieved 3.7 million TiVo One Monthly Active Users.
• Signed our ninth TiVo OS TV partnership with a house brand for a leading European retailer and remain on track to reach our 2025 year-end goal of ten TV OEM partners.
• Expanded direct selling of home page ad units to leading streaming partners in major markets in Europe, and signed key partnership agreements with Wurl (a streaming TV subsidiary of AppLovin), Kargo (a leading value-added ad reseller), and FreeWheel (a leading global tech platform).

Connected Car

Continued to expand the Connected Car ecosystem with further HD Radio wins and strong DTS AutoStage footprint growth and broader global broadcaster support

• Signed two new DTS AutoStage OEM programs and reached over 12 million vehicles on the platform. New models launched include BMW 5-Series, Kia EV9, and Hyundai Ioniq 5 and Ioniq 9.
• Broadened the ecosystem for DTS AutoStage by expanding the number of global broadcasters that support the platform, now aggregating content from broadcasters in over 60 countries.
• Signed multi-year HD Radio IC agreement and saw new vehicle models launched from partners including BMW, Honda, Hyundai and Volkswagen.

Pay TV

Continued strong IPTV household growth and saw accelerating operator support for video-over-broadband programs

• Achieved over 30 percent year-over-year subscriber growth to achieve our 2025 stated goal of 3 million global subscriber households for IPTV.
• Signed renewals with large operators including Liberty Latin America and Cable One, representing new multi-year commitments to our TiVo IPTV and video-over-broadband solutions.
• Executed international metadata agreements with Korea Telecom, the largest telecom operator in Korea, as well as Proximus in Europe.

Consumer Electronics

Renewed key contracts for core technologies and signed first revenue contract for new AI-based Clear Dialogue technology

• Signed key contract renewals for DTS sound technologies with TPV (Philips), TCL and Sony.
• Renewed IMAX^庐 Enhanced^* license agreement with Sony for TVs, soundbars, receivers, and projectors.
• Signed the first customer TV contract for DTS Clear Dialogue, an AI-based dialogue enhancement sound technology with expected market availability in the first half of 2026.

Financial Outlook

The Company reiterates the outlook for fiscal year 2025 that was previously updated on July 28, 2025, as follows:

Conference Call Information

The Company will hold its second quarter 2025 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Wednesday, August 6, 2025. To access the call toll-free, please dial 1-888-596-4144, otherwise dial 1-646-968-2525. The conference ID is 5483252. All participants should dial in 15 minutes prior to the start of the call using the conference ID listed above. Alternatively, the call can be accessed via the following webcast link: .

Safe Harbor Statement

This press release contains 鈥渇orward-looking statements鈥� within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitation, expectations regarding revenue growth and Adjusted EBITDA Margin growth, the deployment by third parties of their products that use our technology, objectives for future operations, and ongoing strategies and operating initiatives, including, without limitation, expected market availability timeframe for DTS Clear Dialogue, our monetization goals and expectations, including, without limitation, expectations regarding growth in the Media Platform business, long-term monetization in Connected Car, and expansion of advertising activity on our TiVo One ad platform, and other objectives. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company鈥檚 current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渂elieve,鈥� 鈥渃ould,鈥� 鈥渟eek,鈥� 鈥渟ee,鈥� 鈥渨ill,鈥� 鈥渕ay,鈥� 鈥渨ould,鈥� 鈥渕ight,鈥� 鈥減otentially,鈥� 鈥渆stimate,鈥� 鈥渃ontinue,鈥� 鈥渢arget,鈥� 鈥済oal,鈥� and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions 鈥淩isk Factors鈥� and 鈥淢anagement's Discussion and Analysis of Financial Condition and Results of Operations鈥� in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the Securities and Exchange Commission (the 鈥淪EC鈥�), as updated in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 to be filed with the SEC, and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

About Xperi Inc.

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS^庐, HD Radio鈩�, TiVo^庐) are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX^庐 Enhanced, a certification and licensing program operated by IMAX Corporation and DTS, Inc. Xperi has created a unified ecosystem that reaches highly engaged consumers, driving increased value for partners, customers and consumers.

漏2025 Xperi Inc. All Rights Reserved. Xperi, TiVo, DTS, HD Radio and their respective logos are trademark(s) or registered trademark(s) of Xperi Inc. or its subsidiaries in the United States and other countries. IMAX is a registered trademark of IMAX Corporation. All other trademarks and content are the property of their respective owners.

Definition for TiVo One Monthly Active User

Xperi defines a 鈥淭iVo One Monthly Active User鈥� as a unique device that has connected to the TiVo video service, which includes the TiVo One advertising platform, at least once within the last 30 days. The TiVo One advertising platform integrates with the device鈥檚 operating system on certain 鈥淧owered by TiVo鈥� devices, including smart TVs and video-over-broadband products.

Non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (鈥淕AAP鈥�), the Company鈥檚 press release contains non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Income/(Loss) attributable to the Company, Non-GAAP Net Income/(Loss) Per Share attributable to the Company, Non-GAAP Adjusted EBITDA, and Non-GAAP Adjusted EBITDA Margin.

Non-GAAP Operating Income/(Loss) is defined as GAAP Operating Income/(Loss), less the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance.

Non-GAAP Net Income/(Loss) attributable to the Company is defined as GAAP Net Income/(Loss) attributable to the Company excluding the impact of stock-based compensation; amortization of intangible assets; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance; and related tax effects for each adjustment.

Non-GAAP Net Income/(Loss) Per Share attributable to the Company is defined as Non-GAAP Income/(Loss) attributable to the Company divided by Non-GAAP weighted average shares outstanding - diluted.

Non-GAAP Adjusted EBITDA is defined as GAAP Net Income/(Loss), less the impact of interest expense; provision for income taxes; stock-based compensation; depreciation expense; amortization of intangible assets; amortization of capitalized cloud computing costs; transaction, integration and restructuring costs; severance and retention costs; and other items not indicative of our ongoing operating performance.

Non-GAAP Adjusted EBITDA Margin is defined as Non-GAAP Adjusted EBITDA divided by total revenue.

Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company鈥檚 ongoing business and financial performance and provide a better understanding of our core operating results reflecting our normal business operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP. Our use of non-GAAP financial measures has certain limitations in that the non-GAAP financial measures we use may not be directly comparable to those reported by other companies. For example, the terms used in this press release, such as adjusted EBITDA, do not have a standardized meaning. Other companies may use the same or similarly named measures, but exclude different items, which may not provide investors with a comparable view of our performance in relation to other companies. We seek to compensate for the limitation of our non-GAAP presentation by providing a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the tables attached hereto. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. All financial data is presented on a GAAP basis except where the Company indicates its presentation is on a non-GAAP basis.

Set forth below are reconciliations of the Company鈥檚 reported GAAP to non-GAAP financial measures.

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Xperi Investor Contact:

Idalia Rodriguez

Arbor Advisory Group

+1 203-293-3325

[email protected]

Media Contact:

Tom Huntington

+1 619-743-9057

[email protected]

Source: Xperi Inc