Xperi Inc - XPER STOCK NEWS

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.

DTS, a subsidiary of Xperi Inc. (NYSE: XPER), has launched DTS Clear Dialogue, an AI-powered on-device solution for TV OEMs to improve dialogue intelligibility. This technology addresses a major consumer complaint, with 84% of surveyed U.S. adults reporting difficulty understanding dialogue in TV shows and movies. DTS Clear Dialogue uses AI audio processing and machine learning to identify, separate, and enhance spoken dialogue, offering personalized audio experiences.

The solution is language-inclusive and content-agnostic, catering to various viewing scenarios. A significant 79% of surveyed consumers expressed increased interest in smart TVs offering this feature. DTS Clear Dialogue allows users to create personalized profiles, addressing hearing impairments, environmental factors, and individual preferences.

TiVo, a subsidiary of Xperi Inc. (NYSE: XPER), has announced the expanded availability of smart TVs Powered by TiVo across 15 European countries. The TVs, spanning 17 brands including Bush, Panasonic, and Sharp, are now available in sizes ranging from 24 to 75 inches. TiVo aims to have 2 million active devices by the end of 2024, setting the stage for future monetization. The TiVo OS platform offers advanced features such as content aggregation, personalized recommendations, and voice navigation. This expansion represents a significant step in TiVo's strategy to revolutionize the smart TV market with its content-first and user-centric approach.

TiVo Broadband, a solution for operators' broadband-only customers, has added five new operators to its portfolio, now totaling ten. The service, powered by the TiVo IPTV Platform, offers integrated access to various streaming services and content discovery features. TiVo+ has expanded its content offerings with over 200 new FAST channels in the U.S., including local news, Spanish-language programming, and sports channels.

The rollout of Plex represents a significant step in enhancing monetization opportunities for FAST channels, opening up new revenue-sharing possibilities between content providers and operators. TiVo Broadband aims to help operators offer innovative streaming solutions to enhance their broadband services and subscriber experiences.