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Dallas, Texas--(Newsfile Corp. - July 20, 2026) - Xperi Inc. (NYSE: XPER): Stonegate Capital Partners Initiates Coverage on Xperi Inc. (NYSE: XPER). Xperi's 1Q26 results increased confidence that its earnings inflection is underway. Topline benefited from earlier contract signings in Consumer Electronics and Connected Car, but the more meaningful change was the cost base as adjusted operating expense fell 14%, lifting adjusted EBITDA margin to 22.1% from 14.4%. Management said first-quarter expenses are a fair run rate, giving the Company room to translate Media Platform growth into earnings without relying on further large cost actions. TiVo One's expanding audience is beginning to support advertising revenue, reinforcing the shift toward post-deployment monetization. We are keeping our eye on TiVo One ARPU, the second-half advertising ramp, and the first AutoStage data licenses as markers of continued progress.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

The cost reset materially improves earnings visibility: A 14% reduction in adjusted operating expense establishes a lower run-rate cost base and supports sustained operating leverage toward the 17%-19% EBITDA margin target.

Media Platform is emerging as the core growth and mix driver: TiVo One audience growth, expanding advertising demand, and broader programmatic capabilities support a higher-quality, recurring monetization model.

Execution milestones should drive the next leg of the story: TiVo One ARPU expansion, the second-half advertising ramp, and initial AutoStage data licensing are the key catalysts for earnings upside and multiple expansion.

Click image above to view full announcement.

About Stonegate

Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305770

Source: Stonegate, Inc.

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ATLANTA & SAN JOSE, Calif.--(BUSINESS WIRE)--Cumulus Media and Xperi Inc. (NYSE: XPER) today announced that Cumulus has signed on as the first commercial licensee for the AutoStage Broadcaster Portal Premium, Xperi's next-generation radio audience intelligence platform. The platform delivers near–census-level insights into in-car radio consumption, where the majority of radio listening occurs, providing unprecedented visibility into actual, nearly-real-time listener behavior. The agreement posi.

Xperi (XPER - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Therefore, the Zacks rating upgrade for Xperi basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Xperi, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for XperiFor the fiscal year ending December 2026, this media software company is expected to earn $0.85 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Xperi. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.9%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Xperi to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

Robot Consulting (NASDAQ: LAWR - Get Free Report) and Xperi (NYSE: XPER - Get Free Report) are both small-cap services companies, but which is the better business? We will contrast the two companies based on the strength of their risk, analyst recommendations, institutional ownership, valuation, profitability, earnings and dividends. Analyst Ratings This is a summary of current

New features enable premium subscribers to access unprecedented daypart-level station ranking detail, reported in near real-time as DTS AutoStage surpasses 16 million vehicles globally

LAS VEGAS--(BUSINESS WIRE)--Xperi Inc. (NYSE: XPER) today announced the launch of DTS AutoStage Broadcaster Portal Premium, a new standard in radio intelligence that advances the company’s existing broadcaster portal to provide radio stations with the most comprehensive and timely listening analytics available on the market. The new premium tier features go live on April 16 and will be demonstrated in Xperi’s booth (#C2259) at the NAB Show Las Vegas, April 18-22.

Built on the DTS AutoStage platform — now integrated into more than 16 million vehicles globally, with an average of six hours of listening data per month in markets where cars are tuning into AM/FM radio, generating more than 34 million hours of listening data per month in the U.S. alone — the DTS AutoStage Broadcaster Portal Premium gives subscribing radio stations access, for the first time, to competitive station rankings by daypart (delivered in near real-time) as well as expanded music charts, which are exportable.

“We knew when we first launched the DTS AutoStage Broadcaster Portal that we were capturing lightning in a bottle by providing radio stations with a level of visibility into their audience that had not previously existed,” said Joe D’Angelo, senior vice president of commercial strategy and partnerships, Xperi. “As we talked to broadcasters across the country, we worked to advance the portal to bring them exactly the kind of granular, actionable intelligence they needed. The result is our new premium tier, which for the first time in our industry, enables broadcasters of every size — from major-market leaders to local community stations — to see where their stations rank in their markets and neighboring markets, at any hour of the day!”

Originally launched in 2023, the DTS AutoStage Broadcaster Portal analyzes over 12 billion pieces of data monthly and is currently used by thousands of stations across the U.S., generating metrics that enable radio stations to compete more effectively and expand their audiences in the digital age. Market samples are significant, from the biggest markets to the smallest. For example, vehicle coverage in NYC is 247,000, Cleveland: 46,312, Birmingham, AL: 19,211, Jackson, MS:7,117, and market #302 — Kokomo, IN, is 1,464 as of the beginning of April.

“Sixty-six percent of U.S. adults listen to AM/FM radio daily, making radio one of the most powerful forces in media — and most of that listening is done in the car, with only the tiniest slice of that audience represented in traditional listening analytics,” continued D’Angelo. “Our DTS AutoStage Broadcaster Portal Premium opens up a much wider window into listener behavior, one that telescopes right into where audiences are listening, when they are listening, how long they are listening, and the content they enjoy most — delivering that intelligence with unprecedented speed and scope for smarter programming, decisions, stronger audience connections and new opportunities for monetization.”

The scope of the DTS AutoStage platform, which delivers a unified digital entertainment solution for passenger vehicles, enables the premium tier to set a new industry audience measurement standard. Today, DTS AutoStage spans 13 major automotive brands, including Mercedes-Benz, Maybach, Hyundai, Genesis, Kia, BMW, MINI, Ford, Lincoln, Nissan, Infiniti, Tesla and Audi. Its global vehicle footprint has grown 300% since 2024, achieving a scale that delivers audience listening analytics across 302 distinct U.S. markets, including those that previously had little or no measurement capabilities. With $17 billion in annual broadcast radio ad revenue at stake, the Broadcaster Portal Premium arms radio station sales teams with data tools to pursue advertising opportunities beyond their traditional footprint. By gaining visibility into how their stations perform in adjacent markets where their signal carries, they can identify and quantify spillover listening and turn it into incremental revenue.

New DTS AutoStage Broadcaster Portal Premium capabilities include:

Station rankings with daypart granularity: For the first time in the radio industry, broadcasters can see exactly where their station ranks in its local market and in adjacent markets broken down by daypart: overnight, morning drive, midday, afternoon drive and evening. Near real-time data — by day, week, month and quarter: Instead of waiting months for delayed reports, Premium subscribers can watch patterns evolve near-real time and use them to shape everything from programming to promotions — trending their data by day, week, month or quarter — enabling broadcasters to respond to seasonal spikes, live events or schedule changes while it still matters. Expanded music charts — top 100 songs: Premium subscribers gain access to weekly top 100 song rankings by total listening sessions, with spins, average sessions per spin and week-over-week chart movement. Full data export: Every report in the Premium tier — market share, daypart activity, music charts, ranking position — can be exported and downloaded for use in advertiser presentations and sales materials. Enhanced combined listening heatmaps across expanded markets: Premium subscribers can view listening heatmaps with all broadcast frequencies — FM, HD and translators — combined into one unified view, as well as weekly and monthly heatmap views. Existing Broadcaster Portal features include quarterly listening data provided at the station level by time of day, market, and geography in their core markets and beyond, and including hourly flow, geographic heat maps and more, including the number of vehicles that are utilized for listening reporting, with market sample sizes updated daily.

The DTS AutoStage Broadcaster Portal Premium is available to all radio stations broadcasting in analog and digital. For more information about DTS AutoStage, visit dts.com/autostage. To sign up for the DTS AutoStage Broadcaster Portal Premium, visit https://onboarding.connectedrad.io/.

About Xperi Inc.

Xperi invents, develops, and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS®, HD Radio™, TiVo®), are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX® 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.

About DTS, Inc.

Since 1993, DTS has been dedicated to making the world sound better. Through its pioneering audio solutions for mobile devices, home theater systems, cinema and beyond, DTS provides incredibly high-quality, immersive and engaging audio experiences to listeners everywhere. For more information, please visit www.dts.com.

©2026 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.

XPER – P

SAN JOSE, Calif.--(BUSINESS WIRE)--Xperi Inc. (NYSE: XPER) (the “Company” or “Xperi”), a media and entertainment technology company that invents, develops, and delivers technologies that enable extraordinary experiences, today announced first quarter 2026 financial results for the period ended March 31, 2026.

“We are beginning to see the inflection in our monetization strategy as our Media Platform revenue grew 45% when compared to the first quarter of 2025. During the quarter, we made significant improvements to our ad products by enhancing targeting and measurement, further growing the TiVo One ad platform footprint, and expanding partnerships that, collectively, are expected to accelerate advertising monetization,” said Jon Kirchner, chief executive officer of Xperi. “The results of the quarter clearly demonstrate the progress we are making on our strategic growth plan. We remain on track for our 2026 goals and reaffirm our financial guidance for the year.”

Financial Highlights

GAAP ($ millions, except per share data)

Q1 FY26

Q1 FY25

Revenue

$114.2

$114.0

GAAP operating income (loss)

$2.2

($16.4)

GAAP net loss

($7.8)

($18.4)

GAAP diluted net loss per share

($0.17)

($0.41)

Non-GAAP* ($ millions, except per share data)

Q1 FY26

Q1 FY25

Revenue

$114.2

$114.0

Non-GAAP operating income

$19.1

$10.0

Non-GAAP net income

$11.0

$7.4

Non-GAAP diluted earnings per share

$0.23

$0.16

Non-GAAP adjusted EBITDA

$25.3

$16.4

Non-GAAP adjusted EBITDA Margin

22.1%

14.4%

Recent Key Operating Achievements

Media Platform

Continued growth in footprint, product enhancements, and expanded advertising partnerships are expected to accelerate advertising monetization revenue

Media Platform revenue grew 45 percent on a year-over-year basis. TiVo One Monthly Active Users more than doubled year-over-year to 5.5 million. Completed integrations with U.S. and European advertising partners to improve data signals while enabling Connected TV inventory for targeted advertising and measurement. These integrations validate TiVo One’s unique audience and incremental reach in the programmatic marketplace. Signed a multi-year partnership agreement with Samba TV, adding industry-leading intelligence and measurement capabilities to enhance the value of TiVo One’s Connected TV inventory for ad buyers. Average Revenue Per User (ARPU) for TiVo One for the trailing 12 months ending March 31, 2026 was $7.10. Connected Car

Continued growth in the Connected Car platform footprint as well as new automotive OEM programs are expected to accelerate monetization

AutoStage footprint expanded by over 45 percent year-over-year, reaching over 16 million vehicles across 13 automotive brands. Launched the AutoStage Broadcast Portal, a subscription service that we believe delivers unprecedented visibility and insights into audience behavior and listening metrics across 300 U.S. radio markets. Signed multi-year HD Radio renewal agreements with two major Asian Tier 1 suppliers and launched HD Radio in new models, including from Audi, Honda, Mercedes, and Toyota. Pay TV

Continued double-digit subscriber growth in video-over-broadband along with key design wins demonstrate partner commitment to the TiVo platform

IPTV subscriber households increased by 19% year-over-year, reaching 3.28 million at quarter end. Introduced new IPTV service offerings designed to drive long-term ARPU growth including a Programmatic Dynamic Ad Insertion solution and our native Digital Rights Management (DRM) solution. Delivered an innovative 4K sports experience with multi-view capability to IPTV households for the Winter Olympics and Super Bowl. Expanded our set-top box partnership with Kaon and executed a multi-year discovery agreement with DirecTV. Consumer Electronics

Continued trend of securing long-term renewals with commitments to our technology

Renewed DTS decoder and post-processing contracts with leading TV brands, including Vizio, Xiaomi, TCL, and a major U.S. retailer. Entered into multi-year partnership with Tencent Music for DTS:X encoding of its music catalog, offering immersive audio as a premium feature to Tencent/QQ Music subscribers. Financial Outlook

The Company reiterates its outlook for 2026 as follows:

Category Outlook

Revenue

$440M to $470M

Adjusted EBITDA Margin1,2

17% to 19%

Operating Cash Flow

$15M to $25M

Capital Expenditures3

$15M to $20M

Non-GAAP Tax Expense2

~$20M

Basic and Fully Diluted Share Count

48M to 49M

Stock-based Compensation

~$31M

Conference Call Information

The Company will hold its first quarter 2026 earnings conference call at 2:00 PM Pacific Time (5:00 PM Eastern Time) on Wednesday, May 6, 2026. 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: Xperi Q1 2026 Earnings Call.

Safe Harbor Statement

This press release contains “forward-looking statements” 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, 2026 goals, expectations regarding cash flow, revenue growth and Adjusted EBITDA Margin growth, improved profitability, long term shareholder value, objectives for future operations, and ongoing strategies and operating initiatives, including, without limitation, our cost management focus and monetization goals, timing, and expectations, including, without limitation, expectations regarding monetization revenue, growth in the Media Platform business, including through product enhancements and advertising partnership expectations, monetization in Connected Car, AutoStage footprint growth and strategy, ARPU growth, 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’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” “goal,” 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 “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2025, as updated in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 to be filed with the Securities and Exchange Commission (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®, HD Radio™, TiVo®) are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX® 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.

©2026 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 “TiVo One Monthly Active User” 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’s operating system on certain “Powered by TiVo” devices, including smart TVs and video-over-broadband products.

Calculation of Average Revenue Per User for TiVo One

Average Revenue Per User (ARPU) for TiVo One is calculated by dividing monetization revenue within Media Platform for the trailing four quarters by the average number of TiVo One Monthly Active Users during that same period. Monetization revenue includes all advertising and data monetization revenue from the TiVo One platform and from other parts of our Media Platform business. This metric helps investors and management measure how effectively the Company monetizes its user base through advertising and data on its platforms.

Non-GAAP Financial Measures

In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company’s press release contains non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Income/(Loss), Non-GAAP Net Income/(Loss) Per Share, Non-GAAP Adjusted EBITDA, Non-GAAP Adjusted EBITDA Margin, Free Cash Flow, and Non-GAAP Tax Expense.

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) is defined as GAAP Net Income/(Loss) 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 is defined as Non-GAAP Income/(Loss) 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.

Free Cash Flow is defined as net cash from operating activities, less cash investments for capitalized internal-use software and purchases of property and equipment.

Non-GAAP Tax Expense is defined as the GAAP provision for income taxes, adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments.

Management believes that the non-GAAP measures used in this press release provide investors with important perspectives into the Company’s 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’s reported GAAP to non-GAAP financial measures.

XPER-E

XPERI INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(unaudited)

  Three Months Ended March 31,

2026

2025

Revenue

$

114,206

$

114,033

Operating expenses:

Cost of revenue, excluding depreciation and amortization of intangible assets

30,880

29,599

Research and development

27,083

39,549

Selling, general and administrative

41,787

48,698

Depreciation expense

4,261

2,905

Amortization expense

8,044

9,722

Total operating expenses

112,055

130,473

Operating income (loss)

2,151

(16,440

)

Interest and other income, net

819

2,295

Interest expense - debt

(678

)

(732

)

Income (loss) before taxes

2,292

(14,877

)

Provision for income taxes

10,118

3,489

Net loss

(7,826

)

(18,366

)

Net loss per share - basic and diluted

$

(0.17

)

$

(0.41

)

Weighted-average number of shares used in computing net loss per share - basic and diluted

47,352

44,773

XPERI INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

  March 31, 2026

December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents

$

70,422

$

96,824

Accounts receivable, net

59,898

56,838

Unbilled contracts receivable, net

89,909

78,320

Prepaid expenses and other current assets

28,685

23,631

Deferred consideration from divestiture

11,999

11,880

Total current assets

260,913

267,493

Note receivable, noncurrent

32,474

31,928

Deferred consideration from divestiture, noncurrent

8,351

8,015

Unbilled contracts receivable, noncurrent

73,578

67,417

Property and equipment, net

51,471

51,926

Operating lease right-of-use assets

24,459

27,557

Intangible assets, net

120,838

128,882

Deferred tax assets

6,591

5,281

Other noncurrent assets

28,271

27,330

Total assets

$

606,946

$

615,829

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

12,604

$

12,352

Accrued liabilities

82,355

82,160

Deferred revenue

15,404

16,137

Total current liabilities

110,363

110,649

Long-term debt

40,000

40,000

Deferred revenue, noncurrent

13,665

15,072

Operating lease liabilities, noncurrent

19,586

21,487

Deferred tax liabilities

1,428

1,428

Other noncurrent liabilities

13,895

13,118

Total liabilities

198,937

201,754

Stockholders' equity:

Common stock

48

47

Additional paid-in capital

1,317,836

1,314,249

Accumulated other comprehensive loss

(6,266

)

(4,438

)

Accumulated deficit

(903,609

)

(895,783

)

Total stockholders' equity

408,009

414,075

Total liabilities and stockholders' equity

$

606,946

$

615,829

XPERI INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

  Three Months Ended March 31,

2026

2025

Cash flows from operating activities:

Net loss

$

(7,826

)

$

(18,366

)

Adjustments to reconcile net loss to net cash used in operating activities:

Amortization of intangible assets

8,044

9,722

Stock-based compensation expense

7,836

12,102

Depreciation of property and equipment

4,261

2,905

Accrued interest income from note receivable

(546

)

(569

)

Accretion of discount from deferred consideration from divestitures

(455

)

(400

)

Deferred income taxes

(1,310

)

(99

)

Other

148

830

Changes in operating assets and liabilities:

Accounts receivable

(2,908

)

233

Unbilled contracts receivable

(17,750

)

(7,366

)

Prepaid expenses and other assets

(6,098

)

(4,197

)

Accounts payable

1,023

(2,653

)

Accrued and other liabilities

(294

)

(12,417

)

Deferred revenue

(2,140

)

(1,983

)

Net cash used in operating activities

(18,015

)

(22,258

)

Cash flows from investing activities:

Purchases of property and equipment

(1,105

)

(1,066

)

Capitalized internal-use software

(3,729

)

(3,127

)

Purchases of intangible assets

—

(14

)

Net cash used in investing activities

(4,834

)

(4,207

)

Cash flows from financing activities:

Repayment of short-term debt

—

(50,000

)

Withholding taxes related to net share settlement of equity awards

(3,553

)

(5,288

)

Payment of debt issuance costs

—

(823

)

Proceeds from long-term debt

—

40,000

Net cash used in financing activities

(3,553

)

(16,111

)

Net decrease in cash and cash equivalents

(26,402

)

(42,576

)

Cash and cash equivalents at beginning of period

96,824

130,564

Cash and cash equivalents at end of period

$

70,422

$

87,988

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands, except per share amounts)

(unaudited)

  Three Months Ended March 31,

2026

2025

Reconciliation of net (loss) income:

GAAP net loss

$

(7,826

)

$

(18,366

)

Adjustments to GAAP net loss:

Stock-based compensation(1)

7,836

12,102

Amortization of intangible assets

8,044

9,722

Transaction, integration and restructuring related costs:

Transaction, integration and restructuring costs(2)

285

(54

)

Severance and retention(3)

780

4,644

Income tax adjustment(4)

1,912

(623

)

Non-GAAP net income

$

11,031

$

7,425

(1) Stock-based compensation included in above line items:

Cost of revenue, excluding depreciation and amortization of intangible assets

$

656

$

1,044

Research and development

$

2,263

$

4,423

Selling, general and administrative

$

4,917

$

6,635

(2) Transaction, integration and restructuring costs included in above line items:

Selling, general and administrative

$

285

$

(63

)

Interest and other income, net

$

—

$

9

(3) Severance and retention included in above line items:

Cost of revenue, excluding depreciation and amortization of intangible assets

$

154

$

225

Research and development

$

592

$

2,716

Selling, general and administrative

$

34

$

1,703

(4) The provision for income taxes is adjusted to reflect the net direct and indirect income tax effects of the various non-GAAP pretax adjustments.

Reconciliation of net (loss) income per share:

GAAP diluted net loss per share

$

(0.17

)

$

(0.41

)

Adjustments to GAAP net loss per share:

Stock-based compensation

0.17

0.27

Amortization of intangible assets

0.17

0.22

Transaction, integration and restructuring related costs

0.02

0.10

Income tax adjustment

0.04

(0.01

)

Difference in shares used in calculation

—

(0.01

)

Non-GAAP diluted net income per share

$

0.23

$

0.16

GAAP weighted-average number of shares - basic and diluted

47,352

44,773

Non-GAAP weighted-average number of shares - diluted

47,894

45,719

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands)

(unaudited)

  Three Months Ended March 31,

2026

2025

GAAP operating income (loss)

$

2,151

$

(16,440

)

Adjustments to GAAP operating loss:

Stock-based compensation

7,836

12,102

Amortization of intangible assets

8,044

9,722

Transaction, integration and restructuring related costs:

Transaction, integration and restructuring costs

285

(63

)

Severance and retention

780

4,644

Non-GAAP operating income

$

19,096

$

9,965

XPERI INC.

GAAP TO NON-GAAP RECONCILIATIONS

(in thousands)

(unaudited)

  Three Months Ended March 31,

2026

2025

GAAP net loss

$

(7,826

)

$

(18,366

)

Adjustments to GAAP net loss:

Interest expense

856

897

Provision for income taxes

10,118

3,489

Stock-based compensation

7,836

12,102

Depreciation expense

4,261

2,905

Amortization of intangible assets

8,044

9,722

Amortization of capitalized cloud computing costs

908

1,084

Transaction, integration and restructuring related costs:

Transaction, integration and restructuring costs

285

(54

)

Severance and retention

780

4,644

Non-GAAP Adjusted EBITDA

$

25,262

$

16,423

Non-GAAP Adjusted EBITDA Margin(1)

22.1

%

14.4

%

Computation of free cash flow:

Net cash used in operating activities

$

(18,015

)

$

(22,258

)

Adjustments:

Capitalized internal-use software

(3,729

)

(3,127

)

Purchases of property and equipment

(1,105

)

(1,066

)

Non-GAAP free cash flow

$

(22,849

)

$

(26,451

)

Xperi Inc. (XPER) Q1 2026 Earnings Call Transcript

Households returned to 10+ video services while daily viewing surpassed five hours, marking the highest engagement levels since 2021

SAN JOSE, Calif.--(BUSINESS WIRE)--TiVo, a wholly owned subsidiary of Xperi Inc. (NYSE: XPER), today released its Q4 2025 Video Trends Report, which reinforces that video serves as a historically resilient, high-priority category, even as the entertainment landscape grows increasingly fragmented and competitive.

The report finds that even amid economic pressures that could impact discretionary entertainment spending, consumers continue to prioritize home entertainment, watching more video daily than at any time since 2021. In Q4 2025, engagement continued to climb, with households returning to more than 10 video services on average following a brief decline last year, daily viewing surpassing five hours and monthly entertainment spending rising to $161, reflecting year-over-year growth after a post-pandemic dip. The findings reinforce that video serves as a historically resilient, high-priority category, even as the entertainment landscape grows increasingly fragmented and competitive.

As entertainment ecosystems continue to expand, viewing preferences themselves remain relatively stable. About half of respondents prefer streaming services to release an entire season at once, compared to roughly 20% who favor a weekly episode rollout, emphasizing a continued demand for convenience and flexible viewing experiences.

“Consumers are watching more video than ever before, but they’re enjoying that content across an increasingly fragmented mix of platforms and services,” said Geir Skaaden, chief products and services officer at Xperi. “As the entertainment ecosystem continues to expand, helping viewers easily discover and access the content they want has become more important than ever. For advertisers and platforms alike, delivering simple, seamless viewing experiences will be critical to reaching audiences and keeping them engaged.”

As viewing time rises, discovery friction grows

While viewing continues to expand across platforms, content discovery remains a growing challenge. As households manage more services, viewers are navigating a complex content ecosystem, with 40% of consumers checking two to three different apps before deciding what to watch. Additionally, discovery is shifting beyond the platforms themselves with word of mouth (49%) and social media (40%) most often influencing viewers. This reliance on external inputs, combined with increased fragmentation, is making content discovery less efficient and more frustrating for viewers.

Local content stays on top

Looking at consumed content, local programming accounts for nearly 30% of total viewing time, an increase of approximately five percentage points year-over-year. Sports also remain a key driver of engagement, with nearly 60% of sports viewers relying on pay TV as their primary source. Live and local content continue to anchor viewing behavior in a notably fragmented environment.

“The number of viewing options available to consumers continues to grow, but what is most notable is how audiences are responding to that expansion,” said TVREV’s co-founder and lead analyst, Alan Wolk. “Consumers are becoming more selective about where they spend their time and money, and entertainment services remain a priority. Live sports and local programming serve as important anchors, while the broader market is shifting toward simpler, more value-conscious viewing choices. The industry is entering a phase where effective curation and discovery matter just as much as scale.”

While viewing expands, simplicity becomes essential

The report reflects a video ecosystem defined by expanding choice, stronger engagement and increased complexity. Consumers are watching more content across more services, but they are also placing greater value on simplicity, convenience and efficient discovery. For content providers, distributors and advertisers, the findings underscore a growing opportunity to improve how viewers navigate and connect with content in an increasingly crowded marketplace.

Additional TiVo Video Trends Report highlights:

Ad-supported growth: More than half of consumers (54%) now use ad-supported subscription tiers, while AVOD/FAST adoption rose to 70% in Q4 2025, up five percentage points year-over-year. AVOD and FAST services now account for 13% of total viewing time. FAST audiences are watching more: The average FAST user now watches 7.5 channels, up more than two channels year-over-year. Pluto TV, Tubi, Roku Channel and Amazon Prime Video remain the leading FAST destinations. Discovery extends beyond apps: Smart TV home screens are becoming increasingly important gateways for content discovery and advertising, with owners spending 57% of their non-viewing time on the home screen. Consumers are prioritizing value: More than 35% of consumers routinely reassess subscriptions and viewing choices to balance cost, access and content availability. Fragmentation fuels discovery challenges: As the number of services grows, 40% of consumers report checking multiple apps before deciding what to watch. Find more information from the latest Q4 2025 Video Trends Report here.

Methodology

Since 2012, TiVo has surveyed consumers to uncover key trends relevant to TV providers, digital publishers, advertisers and consumer electronics manufacturers. The latest TiVo Video Trends Report surveyed 4,493 adults 18 and older living in the U.S. and Canada during the fourth quarter of 2025. In addition to identifying and analyzing key trends in viewing habits, the TiVo Video Trends Report provides insight into consumer opinions regarding subscription video on demand (SVOD), transactional video on demand (TVOD) and advertising-based video on demand (AVOD) providers, emerging technologies, connected devices, over-the-top (OTT) apps and content discovery features, including personalized recommendations and search.

About TiVo

TiVo brings entertainment together, making it easy to find, watch and enjoy. We serve up the best movies, shows and videos from across live TV, on-demand, streaming services and countless apps, helping people watch on their terms. For studios, networks and advertisers, TiVo targets passionate viewers to increase engagement across all screens. TiVo is a wholly owned subsidiary of Xperi Inc. Learn more at tivo.com.

About Xperi Inc.

Xperi invents, develops and delivers technologies that enable extraordinary experiences. Xperi technologies, delivered via its brands (DTS®, HD Radio™, TiVo®), are integrated into consumer devices and media platforms worldwide, powering smart devices, connected cars and entertainment experiences, including IMAX® 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.

©2026 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.

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