You might also like
Xperi Inc. (NYSE: XPER) is a consumer and entertainment technology company headquartered in Silicon Valley, San Jose, California. It develops and delivers innovative technologies that enhance personalized content discovery, immersive audio, and media experiences for millions of consumers worldwide. Xperi's offerings include solutions for smart TVs, connected cars, and entertainment platforms, driving value for its partners and customers.
- Pay-TV - Provides technologies for pay-per-view, video-on-demand, and other entertainment content distribution networks.
- Connected Car - Focuses on automotive entertainment and in-car technologies, enhancing the driving experience with advanced media solutions.
- Consumer Electronics - Powers smart TVs, digital set-top hardware, and other consumer devices with intelligent and immersive features.
- Media Platform - Offers streaming services, content aggregation, and personalized media solutions for enhanced entertainment experiences.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jon E. Kirchner ExecutiveBoard | Chief Executive Officer and President | CEO of Xperi Inc. since 2017 and board Director since 2022, with previous executive roles at Xperi affiliates and leadership positions at DTS, Inc. from 1993 to 2016. | View Report → | |
Matt Milne ExecutiveBoard | Chief Revenue Officer | Board of directors of IPG Inc. | Matt Milne has been the Chief Revenue Officer at Xperi Inc. since October 2022. He has a strong executive background having held similar roles at Xperi Holding Corporation and TiVo Corporation, and he also serves on the board of directors of IPG Inc.. | |
Rebecca K. Marquez ExecutiveBoard | Chief Legal Officer and Corporate Secretary | Board Member of IPG Inc. | Rebecca K. Marquez has served as Xperi’s Chief Legal Officer and Corporate Secretary since December 2022. Previously, she was General Counsel at Ring LLC. | |
Robert Andersen ExecutiveBoard | Chief Financial Officer (CFO) | Board of Directors for Alameda County Community Food Bank | Robert Andersen has served as the CFO of Xperi Inc since October 2022. Previously, he held key leadership roles at Xperi Holding Corporation beginning in 2020 and as Executive Vice President and CFO at Xperi Corporation starting in 2016, after initially joining in 2014 as CFO of Tessera Technologies. | |
Geir Skaaden Executive | Chief Products and Services Officer | Geir Skaaden has been the Chief Products and Services Officer at XPER since October 2022, and previously held the same role at Xperi Holding Corporation from 2020 and at Xperi Corporation from 2016. |
- Given that your IPTV subscriber base has grown to 2.75 million with several new service providers onboard, what specific operational benchmarks and timelines are you setting to monetize this expansion while maintaining service quality?
- With Q1 showing a $22 million operating cash usage and your guidance for the year to be cash flow positive, can you explain which key initiatives will drive the turnaround in operating cash flow in the coming quarters?
- Considering the increase in IPTV customer numbers from 20 to 30 deployments last quarter, what concrete measures have you implemented to ensure your infrastructure and manpower can effectively support this scaling without compromising performance?
- As you successfully deployed the new TiVo One home page ad unit and executed pilot advertising campaigns, can you detail the metrics and timeline management expects to achieve before these initiatives significantly impact ARPU and overall revenue?
- In light of the macro uncertainties and potential tariff impacts on your production and supply chain, what strategic steps are you taking to mitigate these risks and ensure that they do not derail your long-term revenue and profitability targets?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Synamedia | This company produces and markets advanced media solutions such as user experiences, interactive program guides, and other related technologies that compete with the company's Pay-TV offerings. |
MediaKind | This company offers competing solutions in the Pay-TV market, including user interface software for set-top boxes and other devices. |
Kudelski | This company provides competing products in the Pay-TV market, including interactive program guides and other advanced media solutions. |
Enghouse Systems Limited | This company is a competitor in the Pay-TV market, offering solutions that overlap with the company's offerings. |
This company develops its own competing products for user interface software and other solutions in the Pay-TV market. | |
This company creates competing products for user interface software and other solutions in the Pay-TV market. | |
Gracenote | This subsidiary of Nielsen Holdings plc competes in the video metadata market, providing entertainment-related content metadata. |
This company competes in the video metadata market, offering entertainment-related content metadata. | |
This company is the primary competitor in high-definition audio processing, with a strong market position, brand recognition, and inclusion in various industry standards. | |
Fraunhofer IIS | This company competes in specific product markets with audio technologies and services. |
This company provides streaming and subscription-based digital services that compete with the company's HD Radio and DTS AutoStage solutions. | |
This company offers streaming services that compete with the company's Connected Car solutions. | |
This company provides digital audio, video, and data services that compete with the company's Connected Car solutions. | |
This company competes for Smart TV platform adoption and streaming market share. | |
This company competes in the Smart TV platform market and streaming services. | |
This company competes in the Smart TV platform market and streaming services. | |
Samsung | This company operates its own TV operating system and competes in the Smart TV and streaming device markets. |
Vizio | This subsidiary of Walmart operates its own TV operating system and competes in the Smart TV and streaming device markets. |
LG | This company operates its own TV operating system and competes in the Smart TV and streaming device markets. |
This company competes in the TV audience data market, providing analytics for advertisers and networks. | |
Nielsen Holdings plc | This company competes in the TV audience data market, offering analytics services for advertisers and networks. |
This company focuses resources on TV audience data and analytics, competing for research spending from advertisers and networks. | |
This company invests in platforms for TV audience data and analytics, competing for research spending from advertisers and networks. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Perceive Corporation | 2024 | Xperi Inc. sold substantially all the assets and certain liabilities of Perceive Corporation (now Xperi Pylon Corporation) to Amazon.com Services LLC for $80 million in cash (with a $12 million holdback) and expects net proceeds of approximately $60 million; the transaction, which closes on October 2, 2024, is aimed at improving Xperi’s Adjusted EBITDA margin by about one percentage point, leveraging key edge inference hardware and software technologies. |
Vewd Software Holdings Limited | 2022 | Xperi Holding Corporation acquired Vewd Software Holdings Limited for a total consideration of approximately $109 million, structured as $59 million in cash and $50 million in debt (via a senior unsecured note at 6% per annum due July 2025); the acquisition strengthens Xperi’s position in global OTT and hybrid TV solutions, integrating Vewd’s capabilities under its TiVo brand to become the largest independent provider of Smart TV middleware. |
Recent press releases and 8-K filings for XPER.
- Financial Performance: Q1 2025 revenue was $114M; GAAP net loss stood at ($18M) with an improved GAAP operating loss of $16.4M vs prior quarter .
- Non-GAAP Results: Adjusted EBITDA surged over 200% YoY to $16M (14% margin) and non-GAAP EPS reached $0.16 .
- User & Platform Growth: The Media Platform reached 2.5M TiVo One Monthly Active Users, with the rollout of the TiVo One home page ad unit targeting 5M users by year-end and 7M next year .
- Operating Efficiency: GAAP operating expenses dropped 14% and non-GAAP operating expenses declined 17%, driven by cost transformation initiatives .
- Segment Performance: The Connected Car segment grew 37% to $33M and IPTV subscribers increased to 2.75M (36% YoY) .
- FY25 Guidance: Outlook remains unchanged with expected revenue between $480M-$500M and a non-GAAP EBITDA margin of 16%-18% .
- Q4 2024 Revenue & Profitability: Reported Q4 revenue of $122.4 million (up ~2% YoY ) with GAAP net income of $46 million and earnings per share of $1.02 .
- EBITDA Performance: Adjusted EBITDA doubled year-over-year with non-GAAP adjusted EBITDA of $23 million (19% margin), excluding divestitures of AutoSense and Perceive .
- Operating Efficiency: GAAP operating expenses declined by 18% and non-GAAP expenses by 20%, reflecting effective cost transformation .
- Television Segment: Achieved a 2.6 million subscriber base—reported as IPTV on one front and a household Pay TV base up 37% YoY on the other .
- Connected Car Growth: Reached a milestone with a connected car installed base exceeding 10 million vehicles .
- Full-Year Revenue: Full-year revenue was approximately $490 million—with figures of $493.7 million and a baseline of $488 million (excluding a $5M Perceive revenue adjustment) .
- Strategic Initiatives: Advanced its TiVo One platform with a target of over 5 million active devices and an ARPU above $10 in 2025 .
- Xperi Inc. filed an 8-K report on February 21, 2025, detailing its role as Servicer in a receivables financing transaction and related agreements with Xperi SPV LLC.
- The filing outlines a Sale and Contribution Agreement in which Originators sell and contribute receivables and related rights to the Buyer as part of a structured financing arrangement.
- Key transaction details include the provision of a purchase facility and a servicing fee rate of 1.00% per annum, underscoring the financing structure’s terms.