Adeia Inc Stock Price, News & Analysis

Adeia Inc. (Nasdaq: ADEA) has renewed its multi-year licensing agreement with SONIFI Solutions, enhancing its media IP portfolio for the hospitality sector. This partnership aims to improve digital experiences for hotel guests, allowing them access to personalized media services. With over 30 years of service in hospitality, SONIFI addresses the evolving demands of travelers, especially post-pandemic. Adeia's innovative technologies are fundamental to modern entertainment experiences, fostering customer engagement and driving the growth of digital solutions in the hospitality industry.

Adeia Inc. (Nasdaq: ADEA) reported its third-quarter financial results on November 9, 2022, revealing total revenue of $210.9 million, down 4% year-over-year. The Intellectual Property (IP) business generated $89.3 million, a 12% decline. However, total revenue for the nine months rose 6% to $702.4 million. Adeia is reiterating full-year revenue guidance, narrowing it to $430 - $445 million. The company successfully completed its product business spin-off and signed key licensing deals with Foxtel and Philo, showcasing its growth potential.

Xperi Inc. reported Q3 2022 financial results, highlighting a 3% revenue increase year-over-year to $121.6 million. Non-GAAP EPS stood at ($0.22), while GAAP EPS was ($9.54) with an adjusted EBITDA loss of $0.7 million. The company announced a significant $354 million non-cash goodwill impairment charge following a carve-out from Xperi Holding Corporation. Key achievements included surpassing 1 million IPTV subscribers and launching the DTS AutoStage™ platform in collaboration with multiple automotive OEMs. Xperi reiterated its 2022 revenue guidance of $490 to $510 million.

Adeia Inc. (Nasdaq: ADEA) announced a long-term renewal agreement with Frndly TV, a leading low-cost live TV provider in the U.S. This licensing deal reinforces Adeia's strong position in the Pay-TV streaming sector, highlighting the relevance of its media patent portfolio. Frndly TV, now among the top 10 vMVPDs, offers over 40 live TV channels starting at $6.99/month. Dr. Mark Kokes emphasized that this partnership will enhance entertainment discovery experiences for Frndly TV’s customers, showcasing Adeia’s continuous innovation in the industry.

Adeia Inc. (Nasdaq: ADEA) announced its participation in the Stephens Annual Investment Conference on November 17, 2022. CEO Paul Davis and CFO Keith Jones will engage in a 'fireside chat' starting at 10:00 AM ET, which will be webcasted on Adeia's Investor Relations page. A replay will be available for 90 days post-event. Adeia specializes in developing and licensing technologies that enhance entertainment experiences across devices, promoting smarter and more personalized content management.

Adeia Inc. (Nasdaq: ADEA) will report its third quarter financial results for the period ending September 30, 2022, on November 9, 2022, after market close. This announcement will encompass both the product and intellectual property (IP) businesses prior to their separation. An earnings conference call is scheduled for 2:00 PM PT (5:00 PM ET) on the same day, where investors can dial in or access the call via a webcast link. For more details, visit Adeia's website.

Xperi Inc. (NYSE: XPER) will announce its Q3 2022 financial results on November 8, 2022, after market close. The report will be on a carve-out basis, including the Xperi product business and a portion of unallocated overhead costs from Adeia Inc. (Nasdaq: ADEA). The earnings call is scheduled for 2:00 PM Pacific Time, with access details provided for U.S. and international callers. Xperi develops technologies for consumer devices and media platforms, integrating its brands such as DTS®, TiVo®, and IMAX® Enhanced across billions of devices globally.

Adeia Inc. reaffirms its 2022 guidance despite a recent unfavorable ruling from the Federal Court of Canada regarding its patent claims involving Bell Canada and Telus. Adeia plans to appeal the decision, which found four of its asserted patents invalid. CEO Paul Davis emphasized the company's strong long-term outlook, supported by over 9,500 patent assets and ongoing licensing agreements. The litigation also involves claims related to advanced interactive program guide functionality. Adeia remains confident in its business strategy and intellectual property value.

Adeia Inc. (Nasdaq: ADEA) has announced a multi-year intellectual property license renewal with Foxtel, Australia's leading pay-TV platform. This agreement allows Foxtel to continue utilizing Adeia’s extensive media technology patent portfolio across its pay-TV and online streaming services, including Foxtel Now, Kayo, and Binge. Adeia’s Chief Licensing Officer, Dr. Mark Kokes, highlighted the importance of this collaboration in driving innovative entertainment solutions for consumers.