Xperi Stock Price, News & Analysis

Xperi Inc. (NYSE: XPER) has released its latest Video Trends Report, revealing consumers are now using an average of 11.6 video services, up from 8.9 last year. This increase in service usage coincides with a rise in ad-supported video options, as 64.0% of respondents now use at least one AVOD or FAST service. Despite a decline in Subscription Video on Demand (SVOD) services, which saw a 26.6% drop among users, free services have gained traction, growing nearly 70.0% year over year. The report highlights challenges in content discovery amid numerous options, indicating a need for simplified viewing experiences.

Xperi Inc. reported strong financial performance in Q4 2022, achieving $136M in revenue, a 9% increase year-over-year, and a full-year revenue of $502M, up 3%. Despite a net loss of ($297M) for Q4, the non-GAAP net income stood at $4M. The company celebrated significant design wins, including TiVo's integration in Smart TVs and a new Connected Car platform with a major European automaker. Xperi ended 2022 with over $300M in committed business for Connected Car ventures. For 2023, the company forecasts revenue between $510M and $540M and aims for an adjusted EBITDA margin of 6% to 10%.

Xperi Inc. (NYSE: XPER) will announce its fourth quarter and full year 2022 financial results on February 21, 2023, after market close. An earnings conference call will be held at 2:00 p.m. PT. Interested participants can access the call by dialing 1-888-660-6513 (U.S.) or +1 929-203-0876 (International) and using conference ID 5483252. The call will also be available via a webcast.

Xperi specializes in entertainment technologies, integrating their products, such as DTS, HD Radio, and TiVo, into consumer devices and platforms globally, enhancing user experiences.

Xperi Inc. (NYSE: XPER) showcased its advanced technologies at CES 2023, emphasizing partnerships that enhance audio and video experiences. Key highlights include:

• Introduction of the Powered by TiVo™ platform on Vestel smart TVs.
• Innovations in DTS audio for home and automotive applications.
• Expansion of HD Radio technology in over 2,500 stations.
• Plans for new IMAX Enhanced content on Disney+ in 2023.

Overall, Xperi is committed to improving consumer experiences through innovative tech solutions across various platforms.

Sony Pictures Entertainment, Xperi (NYSE: XPER), and IMAX Corporation (NYSE: IMAX) have announced a significant expansion of the IMAX Enhanced ecosystem. Upcoming titles, including Spider-Man™: Across the Spider-Verse, Gran Turismo, and The Equalizer 3, will be released in the IMAX Enhanced format during their home entertainment windows. This format combines exclusive 4K HDR content and premium DTS:X audio, aiming to elevate the at-home viewing experience. The deal reflects a commitment to delivering high-quality entertainment globally.

Xperi Inc. (NYSE: XPER) and Amlogic are collaborating to pre-integrate TiVo OS on Amlogic's T962D4 and T950D4 chipsets for the U.S. and European markets. This initiative aims to support TV OEMs in rapidly deploying smart TVs while addressing consumer price sensitivity in a low-margin market. The partnership offers a cost-effective, turnkey solution, enhancing user experience and access to vital content services. With over a billion smart TVs in use, TiVo OS positions itself as a leading independent media platform for OEMs.

Xperi Inc. (NYSE: XPER) has partnered with LG Electronics to integrate DTS:X immersive audio technology into LG's latest OLED and Premium LCD TVs. This collaboration aims to enhance audio experiences in consumer electronics, bringing cinematic sound to home environments. The use of DTS:X technology allows LG TV users to enjoy high-quality audio, further complemented by DTS:X enabled soundbars. This milestone signifies DTS's commitment to expanding its technology across various devices, improving overall sound quality.

Xperi Inc. (XPER) has announced a significant partnership with Vestel, one of Europe's leading TV manufacturers. This multi-year agreement will see Powered by TiVo™ smart TVs shipped to markets including the UK, Germany, France, Italy, Spain, and Turkey as early as spring 2023. The TVs will leverage TiVo OS, providing consumers enhanced content discovery and personalized experiences. This partnership positions Xperi to expand its reach in the competitive smart TV market, benefiting from Vestel's extensive distribution network.