Xperi Inc - XPER STOCK NEWS

Xperi Inc. (NYSE: XPER) reports a significant increase in the average number of video services used by consumers, now at 9.86, up from 8.8 last year. The growth is attributed to the rising popularity of ad-supported video on demand (AVOD) services, which now account for 32% of total video services. Despite inflation, 70% of respondents prioritize video spending, with only 25% cutting back on entertainment expenses. The report also notes a demand for local content and a desire among consumers for ad-supported options in paid services. Options and content discovery remain key challenges for viewers.

Xperi Inc. (NYSE: XPER) will announce its Q3 2022 financial results on November 8, 2022, after market close. The report will be on a carve-out basis, including the Xperi product business and a portion of unallocated overhead costs from Adeia Inc. (Nasdaq: ADEA). The earnings call is scheduled for 2:00 PM Pacific Time, with access details provided for U.S. and international callers. Xperi develops technologies for consumer devices and media platforms, integrating its brands such as DTS®, TiVo®, and IMAX® Enhanced across billions of devices globally.

IMAX Corporation and Xperi, Inc. announced an expansion of the IMAX Enhanced movie collection via Rakuten TV. This collaboration will introduce 100 IMAX Enhanced titles across eight European countries over the next six months. The service will enhance viewing experiences by offering exclusive expanded aspect ratios and IMAX signature sound. The partnership aims to meet the growing demand for premium cinematic experiences among consumers.

Xperi Inc. celebrates its first day of trading on the New York Stock Exchange under the ticker 'XPER'. CEO Jon Kirchner highlighted a strong balance sheet and a path for growth and profitability, driven by its brands like TiVo and DTS. The company aims to enhance its media platform business through engagement-based advertising and data analytics. It has secured partnerships with major players like BMW and Vestel, indicating significant market opportunities. Shareholders of Adeia received Xperi stock based on a distribution ratio.

Xperi Holding Corporation (NASDAQ: XPER) has announced the appointment of the leadership team and Board of Directors for its upcoming independent IP licensing business, Adeia Inc., which is set to separate on October 1. The leadership includes Paul Davis as CEO, Keith Jones as CFO, and Kevin Tanji as CLO, among others. The Board, chaired by Dan Moloney, features members with extensive industry experience. This new structure aims to drive innovation and growth within Adeia's substantial IP portfolio, further enhancing its position in media and semiconductor industries.

Xperi Holding Corporation (NASDAQ: XPER) announces the successful spin-off of its product business, Xperi Inc., effective October 1, 2022. On October 3, 2022, Xperi Inc. will ring the opening bell at the New York Stock Exchange, marking its first trading day under the ticker 'XPER'. Concurrently, Adeia Inc., the independent IP licensing entity, will ring the closing bell on Nasdaq, starting trading under 'ADEA'. This spin-off aims to enhance operational focus and drive growth for both entities in the technology and entertainment space.

Xperi Holding Corporation (NASDAQ: XPER) is set to separate its product business and IP licensing business into independent entities on October 1, 2022. CEO Jon Kirchner anticipates significant revenue growth from the product business, projecting hundreds of millions over the next three years, with an expected EBITDA margin of 25-30%. Meanwhile, Adeia's CEO Paul Davis aims to leverage its high EBITDA margins and focus on growth in video consumption and content storage. Management will discuss these strategies at a virtual investor meeting today.

Xperi Holding Corporation (NASDAQ: XPER) has partnered with Sense Media Group to introduce InCabin, a series of global events focusing on in-cabin automotive technology. The inaugural event, InCabin Brussels, will occur on September 15, 2022, at the Autoworld Museum in Brussels, featuring industry leaders such as DTS, Volvo, and Bosch. The series aims to foster innovation in in-cabin technology and will include sessions on user safety, experience, and the future of in-cabin sensing technologies.