Xperi Inc. · NYSE:XPER
Xperi — Q3 2025 Earnings Presentation
23 slides from Xperi's earnings presentation, Nov 5, 2025
Slide 1: Q3 2025 Earnings
Q3 2025 Earnings November 5, 2025
Slide 2: Safe Harbor
Safe Harbor This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward- looking statements, including,
Slide 3: Mission, Vision, Markets, Solutions
MISSION VISION MARKETS SOLUTIONS WHAT WHY WHERE WHO Xperi invents, Smarter technology = Media Platform TiVo® develops, and delivers Extraordinary experiences Connected Car DTS® technologies that enable Pay TV HD Radio extraordinary experiences Consumer Electronics IMAX® Enhanced1 1 IMAX® Enhanced is
Slide 4: Strategic Progress During Q3 2025
Strategic Progress During Q3 2025 Strong growth in TiVo One footprint across both U.S. and Europe: ▪ 4.8 million Monthly Active Users – a 30% sequential increase ▪ New partnerships validating monetization opportunity Continued growth in the Connected Car platform: ▪ 13 million AutoStage vehicles ▪ N
Slide 5: Q3 Financial Metrics Summary
Q3 Financial Metrics Summary ▪ Revenue of $112M ▪ GAAP operating expenses, including cost of revenue, decreased 25% Y/Y ▪ Non-GAAP adjusted operating expense1,2 decreased 20% due primarily to cost transformation and a business divestiture ▪ GAAP net loss attributable to the Company of ($6M) and Non-
Slide 6: Media Platform
Media Platform HIGHLIGHTS: TiVo One monthly active users increased by 30% to reach 4.8 million 10th TiVo OS TV partnership with a European brand for a leading Asia- based ODM Average Revenue Per User (ARPU) at quarter end of $8.75 Signed multiple monetization partnerships, including agreements with
Slide 7: Connected Car
Connected Car HIGHLIGHTS: Expanded footprint to more than 13 million vehicles on AutoStage platform Launched DTS AutoStage Broadcaster Portal for analytics and measurement Initiated collaboration with leading audio media companies in the U.S. and U.K. to launch targeted advertising trials on the Aut
Slide 8: Pay TV
Pay TV HIGHLIGHTS: IPTV subscribers increased 32% year- over-year, reaching 3.2 million households Renewed agreement with the National Content and Technology Cooperative (NCTC) Secured a multi-year renewal with Canadian operator Mitchell Seaforth Cable TV (MSC), which is expected to drive continued
Slide 9: Consumer Electronics
Consumer Electronics HIGHLIGHTS: Renewed multi-year contract with Vestel to deploy DTS audio solutions across its TV brands Expanded partnership with Sony Pictures for release of hundreds of additional titles in IMAX Enhanced* with DTS:X immersive audio Expanded the IMAX Enhanced* program in home pr
Slide 10: 2025 Exit Growth Goals
2025 Exit Growth Goals Media Platform Pay TV Connected Car TiVo One Ad Platform TiVo IPTV DTS AutoStage ➢ More than 5 Million TiVo One Monthly Active Users* ➢ Activate TiVo One across ➢ DTS AutoStage footprint of across Europe & North * video- North America over 13M vehicles America over-broadband d
Slide 11: Q3 2025 Revenue Breakdown
Q3 2025 Revenue Breakdown Excluding Perceive2 Market Y/Y Y/Y % Y/Y Y/Y % Q3 2024 Q3 2025 ($ in thousands) Change Change Change Change Pay TV 81,676 49,781 (31,895) (39%) (31,895) (39%) - Core Pay TV1 61,079 25,535 (35,544) (58%) (35,544) (58%) - IPTV 20,597 24,246 3,649 18% 3,649 18% Consumer Electr
Slide 12: Q3 2025 Financial Results Summary
Q3 2025 Financial Results Summary Q3 2024 Q3 2025 Y/Y Q3 2024 Q3 2025 Y/Y ($ in thousands, except per share amounts) GAAP GAAP Change Non-GAAP3 Non-GAAP3 Change Revenue 132,891 111,632 (21,259) 132,891 111,632 (21,259) Cost of revenue1 27,484 29,078 1,594 26,120 28,144 2,024 Adjusted operating expen
Slide 13: Balance Sheet and Cash Flow
Balance Sheet and Cash Flow Finished third quarter of 2025 with $97 million of cash and cash equivalents, an increase of $2 million from the second quarter of 2025 Positive Operating Cash Flow of $8 million in third quarter of 2025, an improvement of $12 million from third quarter of 2024 Positive F
Slide 14: Maintaining Financial Outlook for FY 2025
Maintaining Financial Outlook for FY 2025 Category ($ in millions) GAAP Outlook Non-GAAP Outlook Revenue $440 to $460 $440 to $460 Adjusted EBITDA Margin1, 2 n/a 15% to 17% Additional Information Operating Cash Flow Neutral +/- $10M Non-GAAP Tax Expense2 ~$20M Capital Expenditures ~$20M Basic and Fu
Slide 15: We create extraordinary experiences at home, in the car, and on the go
Connected Car We create extraordinary experiences at home, in the car, and on the go Consumer Pay TV Electronics for millions of consumers around the world. Media Platform 15 © 2023 Xperi. All rights reserved.
Slide 16: Thank You
Thank You
Slide 17: Reconciliation Tables
Reconciliation Tables
Slide 18: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to disclosing financial results calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”), the Company’s press release and presentation contain non-GAAP financial measures, including Non-GAAP Operating Income/(Loss), Non-GAAP Net Inc
Slide 19: GAAP to Non-GAAP Net (Loss) Income Reconciliation
GAAP to Non-GAAP Net (Loss) Income Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended September 30, 2025 2024 Reconciliation of net income attributable to the Company: GAAP net loss attributable to the Company $ (6,107 )
Slide 20: GAAP to Non-GAAP Net (Loss) Income per Share Reconciliation
GAAP to Non-GAAP Net (Loss) Income per Share Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands, except per share amounts) (unaudited) Three Months Ended September 30, 2025 2024 Reconciliation of net income per share attributable to the Company: GAAP net loss attributable to th
Slide 21: Operating (Loss) Income Reconciliation
Operating (Loss) Income Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2025 2024 GAAP operating loss $ (1,362 ) $ (18,555 ) Adjustments to GAAP operating loss: Stock-based compensation 9,640 15,249 Amortization of intangible ass
Slide 22: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2025 2024 GAAP net loss $ (6,107 ) $ (19,831 ) Adjustments to GAAP net loss: Interest expense 934 1,123 Provision for income taxes 4,805 2,899 Stock-based compensati
Slide 23: Adjusted Operating Expense Reconciliation
Adjusted Operating Expense Reconciliation XPERI INC. GAAP TO NON-GAAP RECONCILIATIONS (in thousands) (unaudited) Three Months Ended September 30, 2025 2024 Total GAAP operating expenses $ 112,994 $ 151,446 Less: Cost of revenue, excluding depreciation and amortization of intangible assets (29,078 )