Xperi Inc - XPER STOCK NEWS

Xperi Inc. (NYSE: XPER) has partnered with LG Electronics to integrate DTS:X immersive audio technology into LG's latest OLED and Premium LCD TVs. This collaboration aims to enhance audio experiences in consumer electronics, bringing cinematic sound to home environments. The use of DTS:X technology allows LG TV users to enjoy high-quality audio, further complemented by DTS:X enabled soundbars. This milestone signifies DTS's commitment to expanding its technology across various devices, improving overall sound quality.

Xperi, Inc. (NYSE: XPER) has released a report titled “The Vehicle as a Third Space,” highlighting the evolving role of vehicles for consumers. Key findings from a CARAVAN® survey show that 75% of Gen Z drivers consider their vehicle a third space, up from pre-COVID levels. Safety, comfort, and advanced personalization are top priorities for drivers, with 69% interested in health updates from their cars. Furthermore, 91% of Millennials and Gen Z seek mood-sensing technologies for personalized audio experiences, indicating a significant shift towards integrating technology and wellness in vehicle design.

Xperi Inc. reported Q3 2022 financial results, highlighting a 3% revenue increase year-over-year to $121.6 million. Non-GAAP EPS stood at ($0.22), while GAAP EPS was ($9.54) with an adjusted EBITDA loss of $0.7 million. The company announced a significant $354 million non-cash goodwill impairment charge following a carve-out from Xperi Holding Corporation. Key achievements included surpassing 1 million IPTV subscribers and launching the DTS AutoStage™ platform in collaboration with multiple automotive OEMs. Xperi reiterated its 2022 revenue guidance of $490 to $510 million.

Xperi Inc. (NYSE: XPER) announced that CEO Jon Kirchner and CFO Robert Andersen will participate in the Stephens Annual Investment Conference in Nashville on November 17, 2022. Their 'fireside chat' is scheduled for approximately 11 a.m. EST and will be available via webcast on the Investor Relations website. A replay will be accessible for 90 days post-event. Xperi specializes in developing technologies that enhance entertainment and smart devices through its brands like DTS and TiVo, impacting billions of consumer devices globally.

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.