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Xperi Inc. (symbol: XPER) is an American technology company renowned for its extensive licensing of technology and intellectual property in diverse fields such as mobile computing, communications, memory and data storage, and three-dimensional integrated circuit technologies. As a consumer and entertainment technology leader, Xperi Inc. offers a robust portfolio of software and services tailored to enhance the user experience across various platforms.
The company's operations are segmented into four primary categories: Pay-TV, Consumer Electronics, Connected Car, and Platform Solutions. The Consumer Electronics segment is the cornerstone of Xperi's business model, generating the majority of its revenue. This segment focuses on embedding advanced technologies in everyday consumer devices, ensuring enhanced functionality and performance.
Pay-TV solutions offered by Xperi deliver state-of-the-art viewing experiences through innovative software that enhances content delivery and user interaction. In the Connected Car segment, Xperi is pushing the boundaries of in-car entertainment and connectivity, providing cutting-edge solutions that integrate seamlessly with modern vehicles.
The Platform Solutions segment encompasses a wide array of services designed to unify and streamline digital content across multiple platforms, ensuring cohesive and efficient media management.
In recent achievements, Xperi Inc. has partnered with leading global brands to drive innovation and deliver superior technology solutions. The company's financial health is robust, reflecting consistent revenue growth and strategic investments in research and development. Xperi's commitment to advancing technology is further evidenced by its active involvement in the latest industry developments and trends.
Stay updated with the latest news and developments related to Xperi Inc. through our comprehensive news section, featuring the most current information directly from Xperi Inc. and other reliable sources.
Xperi Holding Corporation (Nasdaq: XPER) announced that its subsidiary, TiVo, renewed product and patent license agreements with Panasonic Corporation. This multi-year extension allows Panasonic to continue offering G-Guide, G-Guide HTML, and G-Guide xD in Japan, enhancing entertainment discovery across its devices. The agreement includes a commitment to implement the new OTT-Link functionality, which enables deep linking into content via G-Guide. This collaboration aims to improve consumer access to advanced content discovery solutions in Japan, showcasing TiVo's ongoing innovation in the entertainment sector.
Xperi Holding Corporation (Nasdaq: XPER) reported strong second quarter results for the period ended June 30, 2021, with revenue reaching $222.3 million and a non-GAAP earnings per share of $0.61. The company benefited from early deal closures and expense deferrals, boosting its 2021 financial outlook. Key highlights include renewed license agreements with major companies like Google and Fox, as well as a debt reduction of $50.6 million. The company also announced a $10 million share buyback and maintained a quarterly dividend of $0.05 per share.
Xperi Holding Corporation (Nasdaq: XPER) will report its Q2 2021 financial results on August 3, 2021, after market close. An earnings conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) the same day. Participants can join by calling 800-430-8332 (U.S.) or +1 323-289-6576 (international), using Conference ID: 2203829. The company encourages access via the webcast link.
Xperi Holding Corporation (NASDAQ: XPER) and Fox Corporation (NASDAQ: FOXA, FOX) have announced a long-term renewal of their patent license agreement. This renewal provides Fox with enhanced coverage under TiVo’s extensive patent portfolios. Samir Armaly, president of IP licensing at Xperi, expressed satisfaction with the agreement, highlighting Fox's commitment to delivering compelling content and expanding its direct-to-consumer capabilities. TiVo is recognized for its significant investment in research and development, creating technologies that enhance content discovery across multiple platforms.
Xperi Holding Corporation (Nasdaq: XPER) has announced a licensing agreement with Horizon Media, the largest media agency in the U.S. This partnership will allow Horizon to access TiVo's TV viewership data, enhancing their media planning and measurement capabilities. TiVo's data integration aims to improve client outcomes for billions in advertising investments, boosting Horizon's strategic initiatives. The agreement encompasses Horizon's affiliates and signifies a move towards more data-driven advertising solutions in response to growing demand in the industry.
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.
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