Xperi Inc - XPER STOCK NEWS

TiVo, a subsidiary of Xperi Inc. (NYSE: XPER), announced its Smart TV Operating System will launch in the U.S. market with Sharp Home Electronics Company of America. This marks a significant milestone in the expansion of smart TVs Powered by TiVo™. Already available in Europe with over 33 brands including Panasonic and Daewoo, the Sharp Smart TV Powered by TiVo will be available to American consumers in February 2025.

The TV will feature a 55” QLED screen with Ultra High Definition, High Dynamic Range, Dolby Atmos®, and 3 HDMI ports, reinforcing Sharp's reputation for quality. TiVo OS aims to transform the smart TV landscape with its intuitive content management and discovery platform, aggregating content from various streaming services, linear TV channels, and sports content into a single user interface.

TiVo OS supports a wide range of streaming services, providing access to a vast library of free and paid content. The platform's advanced search and recommendation capabilities, powered by sophisticated algorithms, offer personalized content suggestions based on individual viewing habits. Additionally, it includes natural voice navigation for select models, simplifying content search and access.

Ben Maughan, GM of smart TV and media platform for Xperi, emphasized that this partnership with Sharp will enhance the TV experience for American consumers.

DTS AutoStage, a global entertainment platform by Xperi Inc. (NYSE: XPER), has reached a significant milestone with integration into over 10 million vehicles across 146 countries. More than six million vehicles in North America utilize both DTS AutoStage and HD Radio™.

The platform combines linear broadcast with IP-delivered content, offering a unified entertainment experience. Recent consumer research indicates strong demand for in-vehicle entertainment, with audio consumption at 88% among respondents and video consumption growing from 31% in 2022 to 47% in 2024.

The DTS AutoStage Video Service Powered by TiVo, which launched with BMW in 2023, will expand to a Japanese car manufacturer by 2026. HD Radio has achieved implementation in over 110 million vehicles and is approaching deployment in 60% of new cars shipped annually throughout North America.

DTS, a subsidiary of Xperi Inc. (NYSE: XPER), released a report highlighting the enduring importance of vehicle ownership and its role as a third space. The study, based on 3,217 U.S. vehicle owners, reveals that 92% consider their personal vehicle important, with Gen Z and luxury vehicle owners showing the highest preference for viewing cars as a third space.

Key findings show that 88% of respondents listen to audio in cars, while video consumption increased from 31% in 2022 to 47% in 2024. Additionally, 61% expect their vehicle to become an extension of their office or living room. The report emphasizes that 41% spend 30+ minutes taking time alone in their vehicles, and 62% consider AM/FM radio availability important for vehicle purchase decisions.

Xperi Inc. (NYSE: XPER) reported Q3 2024 financial results with revenue of $132.9 million, up from $130.4 million in Q3 2023. The company showed improved profitability with non-GAAP operating income of $24.5 million, compared to $4.3 million last year. Key achievements include approaching one million activated TiVo OS Smart TVs, exceeding 2.4M Video over Broadband subscriber households, and closing the Perceive asset sale for $80 million. The company revised its 2024 outlook, adjusting revenue guidance to $490M-$505M and increasing Adjusted EBITDA margin guidance to 14%-16%.

According to TiVo's 2024 Video Trends Report for the UK, 84% of viewers struggle with content selection as streaming services proliferate. The study reveals that only 16% of viewers know what they want to watch when browsing, while the average number of services used increased from 6.0 to 6.5 year-over-year. Daily viewing time rose to 3.8 hours, with 43% of respondents using free AVOD/FAST services. The report highlights increasing viewer frustration, with 61% switching between multiple apps during viewing sessions and 34% considering canceling their SVOD subscriptions within six months.

Xperi Inc. (NYSE: XPER), an entertainment technology company, has announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will host an earnings conference call at 2 p.m. PST (5 p.m. EST) on the same day.

To participate in the earnings call:

• U.S. callers: dial toll-free 1-888-596-4144
• International callers: dial +1 646-968-2525
• Conference ID: 5483252

DTS, a subsidiary of Xperi Inc. (NYSE: XPER), released its Q3 2024 report on the Top Most Listened-To Songs In-Vehicle in the U.S., U.K., and globally. Shaboozey's 'Bar Song (Tipsy)' topped the U.S. and U.K. charts and ranked #2 globally. Sabrina Carpenter's 'Espresso' was #1 globally, #2 in the U.K., and #3 in the U.S. Post Malone's 'I Had Some Help' debuted in the Top 5 in the U.S. and globally. The data is sourced from the DTS AutoStage Broadcaster Portal, which tracks in-vehicle listening trends.

Other notable songs include Hozier's 'Too Sweet' and Tommy Richman's 'Million Dollar Baby' in the U.S.; Myles Smith's 'Stargazing' in the U.K.; and Benson Boone's 'Beautiful Things' globally. The report highlights the continued trend of genre crossover and the importance of diverse in-vehicle listening content.

TiVo's Q2 2024 Video Trends Report reveals significant shifts in consumer entertainment spending and preferences. Key findings include:

1. Average entertainment spend is down $30 year-over-year

2. Average total number of services used dropped to 9.1 from 10.9 in 2023

3. 64% of SVOD users utilize ad-supported tiers, up 16 percentage points from Q2 2023

4. 62% of respondents are more likely to keep broadband if providers bundle streaming services

5. Consumers show increased ad tolerance for better value

6. 85% of respondents browse before selecting content, with 73% using multiple apps

7. Word-of-mouth (50%) and commercials (40%) remain top discovery methods

8. Social video usage slightly declined to 80% from 85% in 2023

9. TVOD usage among pay TV subscribers dropped from 54.3% to 45.7%

The report suggests a trend towards bundled services and ad-supported options as consumers seek better value in their entertainment choices.

TiVo, a subsidiary of Xperi Inc. (NYSE: XPER), has expanded its personalized content discovery platform across 38 European markets and 18 major brands. The platform uses AI to analyze viewing habits and preferences, integrating data from multiple streaming services to offer a seamless user experience. TiVo Broadband, now available in Europe, provides super aggregation and advanced discovery for broadband-only customers.

Key offerings include comprehensive metadata coverage, live and scheduled sports discoverability, enhanced CTV attribution, advanced ad targeting, and monetization support for FAST channels. TiVo's solutions aim to address the growing challenge of content discovery in a fragmented streaming landscape, with the upcoming U.K. Video Trends Report revealing that consumers use an average of 6.5 content sources and spend nearly £75 monthly on streaming services.