Xperi Inc - XPER STOCK NEWS

Xperi Holding Corporation (NASDAQ: XPER) has renewed its long-term patent license agreement with Google, which has been a licensee since 2012. This agreement allows Google to continue utilizing TiVo's extensive patent portfolio, enhancing its OTT video services through platforms like YouTube and Google TV. Xperi emphasizes that this renewal reflects the continued relevance of TiVo's innovations across different video consumption formats, supporting user convenience. The partnership aims to improve content accessibility across various platforms for viewers.

Xperi Holding Corporation (Nasdaq: XPER) announced a Master Services Agreement with the National Cable Television Cooperative (NCTC) regarding the MobiTV assets recently acquired by TiVo. This agreement allows NCTC members to continue receiving MobiTV IPTV services through TiVo's managed Pay-TV service, enhancing TiVo's offerings for both existing and new customers. Jeffrey Glahn from Xperi emphasized the seamless transition for MobiTV customers, while NCTC representatives highlighted TiVo's strong industry reputation as a key factor in the decision.

Xperi Holding Corporation (NASDAQ: XPER) announced that its subsidiary, Rovi Guides, has filed a new patent infringement lawsuit against Videotron in the Federal Court of Canada. This lawsuit adds to existing litigation regarding Videotron's legacy platform. Rovi claims infringement of four patents related to advanced DVR capabilities and video programming. Despite the ongoing litigation, Xperi has successfully renewed its patent license with another leading Canadian provider and has grown its Canadian patent portfolio by over 60% in the last year, reinforcing its strong intellectual property position.

Xperi Holding Corporation (NASDAQ: XPER) and CUMULUS MEDIA (NASDAQ: CMLS) have announced the integration of CUMULUS MEDIA's radio stations into the DTS AutoStage connected car platform. This innovative hybrid radio platform enhances listener engagement by providing seamless access to programming, regardless of the vehicle's broadcast range. The DTS AutoStage supports operations in 60 countries and is available to broadcasters at no cost. The partnership aims to visually enrich the in-vehicle listening experience while ensuring compliance with privacy and copyright obligations.

Xperi Holding Corporation (Nasdaq: XPER) has announced that its subsidiary, TiVo Corporation, is the successful bidder for MobiTV's assets in a Chapter 11 bankruptcy auction. This acquisition is expected to enhance TiVo's IPTV service offerings by integrating MobiTV's platform, thereby reducing deployment times and onboarding costs. The deal includes MobiTV's patent portfolio, aligning with Xperi's media technology strategy. Subject to bankruptcy court approval, the acquisition is anticipated to close by early June 2021 and become accretive starting in 2022.

Xperi Holding Corporation (NASDAQ: XPER) has partnered with Südwestrundfunk (SWR) to integrate the ARD-Eventhub metadata distribution platform with DTS AutoStage™, a global hybrid radio platform. This collaboration enhances in-vehicle entertainment for German car owners, ensuring accurate metadata representation from SWR stations. DTS AutoStage supports operations in 60 countries and aims to elevate the in-vehicle experience through richer content engagement. The platform is open for broadcasters at no cost, facilitating easy integration and management of station information.

Xperi Holding Corporation (NASDAQ: XPER) announced its participation in upcoming virtual investor conferences. The management team will present at the 16th Annual Needham Virtual Technology & Media Conference on May 18, 2021, at 12:45 PM PT, and at the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference on May 24, 2021, at 8:45 AM PT. The company will also conduct one-on-one meetings with institutional investors during these events, promoting its innovative technologies designed to enhance consumer experiences.

Xperi Holding Corporation (Nasdaq: XPER) reported Q1 2021 financial results, achieving revenue of $221.6 million and a cash flow from operations of $26.7 million. The company confirmed its full-year revenue outlook between $860M and $900M. Key highlights included stock buybacks totaling $25 million and renewed partnerships with major companies like Frontier and Sony. Additionally, Xperi expanded its product offerings in both consumer experience and connected car sectors. The board declared a quarterly dividend of $0.05 per share, reinforcing shareholder returns.

Xperi Holding Corporation (NASDAQ: XPER) is set to announce its financial results for Q1 2021 on May 5, 2021, after market close. The earnings call will occur at 2:00 p.m. Pacific Time. Investors can access the call via phone or through a webcast, with the conference ID being 7074537. Xperi specializes in technologies that enhance consumer experiences, branded under names like DTS, TiVo, and IMAX Enhanced, impacting billions of devices globally.