Adeia (ADEA) Company Report

Adeia reported record annual revenue of $443 million for fiscal year 2025, exceeding the high end of its guidance, and Q4 2025 revenue of $183 million.
The company secured significant new agreements, including a multi-year license agreement with Microsoft and a major license agreement with Disney, expanding its presence in the OTT market and contributing to a 30% year-over-year growth in non-pay TV recurring revenue in Q4 2025.
For fiscal year 2026, Adeia provided revenue guidance of $395 million-$435 million and projects an adjusted EBITDA margin of approximately 55%, noting that increased litigation expenses are expected to impact margins.
In Q4 2025, Adeia generated $60 million in cash from operations, made $21.1 million in debt principal payments, repurchased $10 million in shares, and paid a $0.05 per share cash dividend.

4 days ago

Transcript

Adeia Reports Record 2025 Financial Results and Provides 2026 Guidance

ADEA

Earnings

Guidance Update

Legal Proceedings

Adeia reported record annual revenue of $443 million for the full year 2025, exceeding the high end of its guidance, with operating income of $276 million and adjusted EBITDA of $278 million.
For the fourth quarter of 2025, revenue reached $182.6 million, contributing to an adjusted EBITDA of $133.9 million and a 73% margin.
The company added a record 12 new customers in 2025, including Disney and Major League Baseball in Q4, and secured a multi-year license agreement with Microsoft early in 2026.
Adeia provided 2026 revenue guidance of $395 million-$435 million and anticipates an adjusted EBITDA margin of approximately 55% for the full year.
Strategic efforts to diversify revenue continue, with non-pay TV recurring revenue growing 20% in 2025 and projected to represent 35%-40% of forecasted revenue in 2026.

4 days ago

Transcript

Adeia Reports Record Q4 and Full-Year 2025 Results, Announces Key Agreements, and Provides 2026 Guidance

ADEA

Earnings

Guidance Update

New Projects/Investments

Adeia achieved record revenue for both the fourth quarter of 2025, at $182.6 million , and the full year 2025, reaching $443 million , with operating income of $276 million and adjusted EBITDA of $278 million for the full year, all exceeding the high end of guidance.
The company secured significant new multi-year license agreements, including with Microsoft for its media portfolio and Disney, which was its biggest new customer in Q4 2025.
For 2026, Adeia provided revenue guidance in the range of $395 million to $435 million , anticipating pay-TV revenue to represent approximately 35%-40% of forecasted revenue, down from a historical average of 50%-60%.
Adeia continued its balanced capital allocation strategy in 2025, reducing debt by $60 million , repurchasing approximately 718,000 shares for $10 million in Q4 2025 , and paying a cash dividend of $0.05 per share.

4 days ago

Transcript

Adeia announces Q4 and Full Year 2025 results and FY 2026 outlook

ADEA

Earnings

Guidance Update

Share Buyback

Adeia reported record revenue of $182.6 million for Q4 2025 and $443.4 million for the full year 2025. Non-GAAP adjusted EBITDA reached $133.9 million in Q4 2025 and $277.6 million for FY 2025.
Key licensing agreements were signed in Q4 2025 with Disney and Major League Baseball (MLB), and a multi-year renewal with Vodafone. A new multi-year license agreement with Microsoft was also signed in January 2026.
Non-Pay-TV recurring revenue saw a 30% year-over-year growth in Q4 2025.
In FY 2025, the company paid down $60.4 million of debt, distributed $21.8 million in dividends, and repurchased 1.5 million shares for $20.0 million. The IP portfolio expanded by 13% year-over-year.
For FY 2026, Adeia projects revenue between $395.0 million and $435.0 million, with Non-GAAP adjusted EBITDA expected to be between $213.4 million and $245.4 million.

4 days ago

Presentation

Adeia Announces Record Q4 and Full Year 2025 Financial Results

ADEA

Earnings

Guidance Update

Share Buyback

Adeia Inc. reported record fourth-quarter 2025 revenue of $182.6 million and full-year 2025 revenue of $443.4 million, along with record operating income and adjusted EBITDA for both periods.
The company signed a long-term license agreement with Disney and a new multi-year license agreement with Microsoft in January 2026, enhancing its media portfolio.
In 2025, Adeia reduced its debt by $60 million and repurchased $20 million of common stock.
For the full year 2026, Adeia projects revenue between $395.0 million and $435.0 million and adjusted EBITDA between $213.4 million and $245.4 million.

4 days ago

8-K

Adeia Inc. Raises 2025 Financial Outlook

ADEA

Guidance Update

Revenue Acceleration/Inflection

Legal Proceedings

Adeia Inc. raised its financial outlook for the year ending December 31, 2025, projecting revenue and earnings to significantly exceed prior guidance.
This revised outlook is primarily driven by the execution of a long-term media IP license agreement with The Walt Disney Company, which also resolves all outstanding litigation between the companies.
The updated GAAP revenue outlook for 2025 is $425.0 \u2013 $435.0 million, an increase from the prior guidance of $360.0 \u2013 $380.0 million.
The updated GAAP net income outlook for 2025 is $96.4 \u2013 $113.9 million, compared to the prior guidance of $52.4 \u2013 $71.6 million.
Operating expenses are also expected to be higher, reflecting increased variable compensation due to anticipated overachievement of performance targets.

Dec 22, 2025, 1:07 PM

8-K

Adeia Raises 2025 Financial Outlook

ADEA

Guidance Update

Revenue Acceleration/Inflection

Earnings

Adeia Inc. has raised its financial outlook for the year ending December 31, 2025, anticipating results to surpass the high end of its previous guidance.
This positive revision is primarily attributed to strong deal execution, notably the Disney agreement, which significantly boosts revenue expectations.
The company's updated GAAP revenue guidance for 2025 is $425.0 - $435.0 million, an increase from the prior range of $360.0 - $380.0 million.
Updated GAAP net income guidance for 2025 is $96.4 - $113.9 million, and Non-GAAP Adjusted EBITDA guidance is $257.1 - $265.1 million.
Operating expenses are projected to be higher, reflecting increased variable compensation due to the expected overachievement of performance targets.

Dec 22, 2025, 1:06 PM

Press Release

Adeia and Disney Enter Into Long-Term Media IP License Agreement

ADEA

Legal Proceedings

New Projects/Investments

Adeia Inc. has entered into a long-term agreement with The Walt Disney Company for access to Adeia’s comprehensive media intellectual property (IP) portfolio.
This agreement resolves all outstanding litigation between the companies and includes a long-term license covering all Disney's products and services that were the subject of the litigation.
Adeia's CEO, Paul E. Davis, stated that the deal reflects their commitment to enabling cutting-edge media experiences and validates the significance of their technology in connected entertainment.

Dec 22, 2025, 1:05 PM

Press Release

Adeia Reports Q3 2025 Revenue and Adjusts Full-Year Guidance Due to AMD Litigation

ADEA

Earnings

Guidance Update

Legal Proceedings

Adeia reported Q3 2025 revenue of $87.3 million, which was in line with expectations.
The company adjusted its 2025 full-year revenue guidance to $360-$380 million primarily because it has filed patent infringement litigation against AMD, making a license agreement unlikely to close in 2025.
Non-Pay TV recurring revenue was up 31% year over year for Q3 2025 and has increased 81% since separation.
Adeia made debt payments of $11.1 million in Q3 2025, contributing to a total of $312 million paid down since separation.
The company's patent portfolio has grown by over 35% since separation to over 13,000 patent assets.

Nov 3, 2025, 10:00 PM

Transcript

ADEA Announces Q3 2025 Results and FY 2025 Outlook

ADEA

Earnings

Guidance Update

Debt Issuance

ADEA reported Q3 2025 revenue of $87.3 million and made $11.1 million in principal payments towards debt.
The company secured long-term deals with Altice and a new e-commerce customer, and received a positive ruling in the Videotron case.
Since its separation, ADEA has signed 20 new and renewal license agreements, expanded its patent portfolios by over 35%, and improved its balance sheet through a balanced capital allocation approach.
For FY 2025, ADEA projects GAAP revenue between $360.0 million and $380.0 million, and Non-GAAP Adjusted EBITDA between $202.3 million and $218.3 million.