Slide 1: Third Quarter 2025 Results
Third Quarter 2025 Results October 30, 2025 ©2025 InterDigital, Inc. All Rights Reserved. 1
Slide 2: Disclaimers
Disclaimers Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 21E of the Exchange Act, including but not limited to statements related to our outlook for Q3 and full year 2025, and other financial and business goals. Forward-looking statem
Slide 3: Agenda
Q3 Financial & Business Highlights Q4 and FY25 Outlook Agenda Background on InterDigital Appendix ©2025 InterDigital, Inc. All Rights Reserved. 3
Slide 4: Financial & Business Highlights
Financial & Business Highlights ©2025 InterDigital, Inc. All Rights Reserved. 4
Slide 5: Q3 Financial Highlights
Revenue, Adj. EBITDAa and Diluted EPS exceed the top end of increased outlook* Annualized Recurring Revenueb (ARR) up 49% YoY to an all-time high of $588 million Q3 Financial Smartphone ARRb at $491 million (all-time high) CE, IoT/Auto ARRb at $97 million (also all-time high) Highlights Ad
Slide 6: Recent Business Highlights
Completed Samsung smartphone arbitration. Signed new license agreements with Honor, Sharp and Seiko in our smartphone program. Recent Eight of ten largest smartphone vendors and ~85% of the global smartphone market now under license Business Signed new license agreement with an EV charger comp
Slide 7: Appointed New Chief Licensing Officer
Appointed New Chief Licensing Officer Julia Mattis • Joined InterDigital in 2010 • Has held a series of leadership roles o Interim Chief Licensing Officer o Head of Smartphone Licensing o Chief Licensing Counsel • Oversaw many of the company’s largest licenses • Played critical role to sign agreemen
Slide 8: Successful Completion of Samsung Arbitration
World’s largest smartphone manufacturer Successful License covers > 200 million mobile devices shipped annually Completion of Total contract value of $1.05 billion over 8 years, Samsung licensed through end of 2030 Arbitration Annual recurring revenue of $131 million, an increase of 67% from
Slide 9: Acquisition of Deep Render
Founded in London in 2018, Deep Render has pioneered the use of AI in video and image compression for connected devices and services. Acquisition of Expands our AI expertise with a team of AI specialists joining our Research & Innovation team Deep Render Accelerates our AI-native video researc
Slide 10: InterDigital Recognized As One Of America's Greatest and Fastest Growing Companies
InterDigital Recognized As One Of America’s Greatest and Fastest Growing Companies Newsweek Fortune Time Magazine America’s 100 Fastest- America’s Greatest Growing Growth Companies Compaines Leaders 2025 2025 2025 ©2025 InterDigital, Inc. All Rights Reserved. 10
Slide 11: Financial Results vs. Outlook
Financial Results vs. Outlook Q3’25 RESULTS Q3’25 OUTLOOK (Raised on Sept. 22, 2025) Revenue $164.7M $155M - $159M Adjusted EBITDAa $104.9M $91M - $97M Diluted EPS $1.93 $1.39 - $1.56 Non-GAAP EPSa $2.55 $2.08 - $2.27 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations. ©202
Slide 12: Q3'25 Results
Q3’25 Results ARRa Revenue +49% YoY 200 +28 % YoY 700 $588M 600 500 $395M 400 100 300 $165M $129M 200 100 0 0 Q3 ‘24 Q3 ‘25 Q3 ‘24 Q3 ‘25 Ce, IoT/Auto Smartphone 200 Adjusted EBITDAb 100% 90% 3.5 Non-GAAP EPSb +62% YoY 80% 3.0 +56% YoY 64% 70% 2.5 50% 60% 2.0 100 50% 40% 1.5 $2.55 30% 1.0 $105M 20%
Slide 13: Q4 and FY25 Outlook
Q4 and FY25 Outlook ©2025 InterDigital, Inc. All Rights Reserved. 13
Slide 14: Q4'25 and FY25 Outlook
Q4’25 and FY25 Outlook (as of October 30, 2025) Q4’25 OUTLOOK FY25 OUTLOOK Revenue $144M - $148M $820M - $824M Adjusted EBITDAa $68M - $76M $569M - $577M Diluted EPS $0.72 - $0.95 $11.27 - $11.50 Non-GAAP EPSa $1.38 - $1.63 $14.57 - $14.83 The Company has provided an outlook for fourth quarter and f
Slide 15: Upcoming Investor Events
Upcoming Investor Events November 19 November 21 RBC Global TIMT Conference Southwest IDEAS Conference New York, NY Dallas, TX November 20 December 10 Roth Tech Conference NASDAQ London Investor Conference New York, NY London ©2025 InterDigital, Inc. All Rights Reserved. 15
Slide 16: Background on InterDigital
Background on InterDigital As of October 30, 2025 ©2025 InterDigital, Inc. All Rights Reserved. 16
Slide 17: InterDigital
01 Company Introduction Long-term 05 InterDigital 02 Premier Team Growth Strategy Innovating Today, Empowering Tomorrow 04 03 Accelerating Business Essential Technology Momentum Development ©2025 InterDigital, Inc. All Rights Reserved. 17
Slide 18: InterDigital Pioneering Wireless, Video and AI Research
InterDigital Pioneering Wireless, Video and AI Research HIGHLIGHTS Industry-leading Long-term customers Enabling ecosystem World-class team Driving foundational patents Evergreen Subscription-like revenue, Over two billion devices Led by seasoned research in wireless, industry veterans patent portfo
Slide 19: World-Class Leadership Team
World-Class Leadership Team Decades of industry experience. Strong track record. Drive deep collaboration and superb execution Liren Chen Rajesh Pankaj Rich Brezski Julia Mattis CEO CTO CFO Chief Licensing Officer Michael Cortino Ken Kaskoun Skip Maloney Joshua Schmidt Robert S. Stien Chief Informat
Slide 20: IP as a Service Business Model: A Virtuous Cycle of Innovation
IP as a Service Business Model: A Virtuous Cycle of Innovation We are a foundational R&D company. We share our innovation through the standards process and monetize our technology through IP licensing. PATENT LICENSING PORTFOLIO $ RESEARCH & PRODUCT INNOVATION IMPLEMENTERS STANDARD TECHNOLOGY DEVELO
Slide 21: We Focus on Foundational Technologies
We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries WIRELESS VIDEO AI Cellular wireless - 4G/5G/6G Video compression, transport Using AI for wireless and video and enhancement WiFi and wireless loc
Slide 22: InterDigital Tech Underpins Surging Mobile Traffic
InterDigital Tech Underpins Surging Mobile Traffic Video Drives Surge in Mobile Data Traffic Estimated global media traffic by application category (in exabytes per month)* 2017 10.8 EB 2022 90.4 EB 2027 282.8 EB 0 50 100 150 200 250 300 * One exabyte equals one million terabytes. Source: Ericsson M
Slide 23: Our Innovations Help Drive Video Codec Evolution
Our Innovations Help Drive Video Codec Evolution Uncompressed: 11,600GB Compressed AVC: ~24 GB(1) VP9: ~15 GB HEVC: ~14 GB(1) AV1: ~11 GB VVC: ~9 GB(2) 4K Movie 130-Minute Run Time (1) http://www.iam-media.com/litigation/what-will-tv-cost-you-putting-price-hevc-licences (2) Approximated based on the
Slide 24: The Power of the Global Standards System
CONSUMERS A global system of standards helps ensure interoperability The Power of the Global IMPLEMENTERS Standards like 5G lower barriers to Standards entry for new entrants into a market like smartphones and benefit from System economies of scale OPERATORS AND SERVICE PROVIDERS Standards increase
Slide 25: InterDigital Drives Standard Development
InterDigital Drives Standard Development UNITING PRINCIPLES STRONG LEADERSHIP BROAD COLLABORATIONS Strong belief in global standards Participate in 100+ standard Collaborate with many industry development organizations (SDO) partners and leading universities Focus on technology merits and neutral on
Slide 26: We Have Many Standard Development Leadership Positions
We Have Many Standard Development Leadership Positions Cellular & WiFi Standards RAN2 SA6 ETSI Board Member RIS ISG Member SAI Steering Group Co-Chair SA Board of Governors AIML Standing Internet WG Chair Chair ISAC ISG Chair Chair FCC CSRIC IX – 6G Vice Chair Technology Roadmap Vice- Policy & Proce
Slide 27: One Of Only Three Companies with Multiple 3GPP Chair Positions
One Of Only Three Companies with Multiple 3GPP Chair Positions Radio Access Network Services & System Core Network & (RAN) Aspects (SA) Terminals (CT) WG1 WG1 WG1 Radio Layer1 Services User Equipment To Core Network Protocols WG2 WG2 WG3 Radio Layer 2/3 System Architecture Interworking With External
Slide 28: InterDigital is a Recognized Global Innovation Leader
InterDigital is a Recognized Global Innovation Leader For the fourth year in a row, LexisNexis recognized InterDigital amongst the World’s 100 Most Innovative Business. Innovation Momentum 2025: The Global Top 100, “represents the world’s leading patent owners with the highest innovation momentum.”
Slide 29: Innovation Engine Fuels Evergreen IP Portfolio
Innovation Engine Fuels Evergreen IP Portfolio Our patent portfolio grew > 70% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets 2017: 2025: ~19,000 Assets ~34,000 Assets Portfolio is evergreen, growing by ~6 new patents each day Cellu
Slide 30: Accelerating Business Momentum
Accelerating Business Momentum ©2025 InterDigital, Inc. All Rights Reserved. 30
Slide 31: Licensing Momentum Drives Total Contract Value (TCV) Growth
Licensing Momentum Drives Total Contract Value (TCV) Growth More than 50 licenses with TCV > $4B closed since the start of 2021 $4,500M $4,000M $3,500M $3,000M $2,500M $2,000M $1,500M $1,000M $500M $0M 2021 2022 2023 2024 2025(YTD) ©2025 InterDigital, Inc. All Rights Reserved. 31
Slide 32: Licensing Success Drives ARR Growth
Licensing Success Drives ARRa Growth New Agreements and Renewals Drive Increase in ARR $600M $588M $550M $500M $450M $406M $0M 2021 2022 2023 2024 2025 (YTD) a Please see appendix for a description of this metric and how it is calculated ©2025 InterDigital, Inc. All Rights Reserved. 32
Slide 33: Strong Revenue Growth, Margins and Return of Capital
Strong Revenue Growth, Margins and Return of Capital $900 Revenue Non-GAAP EPSa $16.00 $800 25% CAGR > 6.5X growth $14.00 $700 $12.00 $600 $10.00 $500 $869M $8.00 $14.97 $400 $300 $6.00 $550M $9.23 $200 $425M $458M $4.00 $359M $2.00 $5.08 $100 $2.27 $3.73 $0 $0.00 2020 2021 2022 2023 2024 2020 2021
Slide 34: Long-term Growth Strategy
Long-term Growth Strategy ©2025 InterDigital, Inc. All Rights Reserved. 34
Slide 35: Our Technologies Benefit the Economy and the World
Our Technologies Benefit the Economy and the World 5.6 billion Mobile technologies 5G is projected to people globally and services Enables 35 million add nearly $1 subscribed to a generate $5.7 jobs across the trillion to the mobile service, trillion economic wider mobile including 4.7 billion value
Slide 36: We Address Three Attractive Markets
We Address Three Attractive Markets ’25 – ’28E Significant 2025E TAM CAGR Customers Key Market Dynamic Market Increasing ~1.2B Units SMARTPHONES ~3% <10 concentration of (~$460B) top OEMs High shipment growth ~1.6B Units CE, IoT/AUTO ~6% ~100 with fragmentation (~$400B)1 across segments High growth
Slide 37: Clear Pathway to Growth $1B+
Clear Pathway to Growth $1B+ ARRa Target 2030 Q3-2025 2030 $491M ~$500M ~$300M+ ~$200M $97M (by (by 2027) 2027) $0 SMARTPHONE CE, IOT/AUTO STREAMING & Increase penetration Increase penetration CLOUD SERVICES Enhance valuation during renewals Expand market coverage Grow video services licensing progr
Slide 38: Strong Runway for Continued Smartphone Growth
Strong Runway for Continued Smartphone Growth 2025E SMARTPHONE SHIPMENTS: ~1.2B Licensing coverage: ~85% • Increase of ~5% w/recent major Chinese OEM license agreement ~5% • Majority of top 10 now under license ~10% • Large global market, projected 17% at 3% CAGR thru ‘28 • Focus on driving higher v
Slide 39: Good Momentum in CE - Large Opportunity Remains
Good Momentum in CE - Large Opportunity Remains License coverage based on HEVC PCs & TABLETS: ~385M TVs: ~210M ~15% ~20% ~35% ~60% ~25% ~45% Licensed Primary Opportunity Long Tail Note: Figures represent 2025 estimated shipments Source: Omdia ©2025 InterDigital, Inc. All Rights Reserved. 39
Slide 40: Strong Growth Opportunity in Automotive and IoT
Strong Growth Opportunity in Automotive and IoT PASSENGER VEHICLE SHIPMENTS (M) CELLULAR IOT SHIPMENTS (M) 5G Active Licensing Program 4G CAGR ~10% ~80 CAGR ~15% ~65 5G auto market driving Others value Healthcare growth Enterprise ~85% of Industrial 4G auto PoS market ~350 Smart Meters licensed ~250
Slide 41: SVoD and AVoD Are Our Initial Focus
SVoD and AVoD Are Our Initial Focus 2025 TAM 2028 TAM TAM CAGR VIDEO SVoD AVoD GLOBAL PAY-TV CONFERENCING CLOUD GAMING +14% +13% +5% $440 B +5% -2% $170B $190 B $305B $170 B $160 B $18 B $21 B $5 B $6 B Source: Omdia ©2025 InterDigital, Inc. All Rights Reserved. 41
Slide 42: Capital Allocation Priorities
Capital Allocation Priorities Maintain fortress Organic investment Inorganic Return Excess cash balance sheet in business investment to shareholders Financial strength Prioritize investment Opportunistic and ~$1.4B in share is a strategic asset into research and strategic repurchases since ‘11 IP po
Slide 43: Target Financial Model for 2030
Target Financial Model for 2030 $1B+ ARRa Powerful Operating High Margin Drives Leverage drives Strong Cash Flow Well 10%+ 60%+ $600M+ positioned to drive Annual Adjusted Adjusted value going Growth EBITDA EBITDAb forward Target Marginb Target Target a Please see appendix for a description of this m
Slide 44: Key Takeaways
World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, Key patent portfolio creation and licensing driven Takeaways by continuing investment and strong execution Our technologies are critical to devices and services of multiple industries, g
Slide 45: Appendix
Appendix ©2025 InterDigital, Inc. All Rights Reserved. 45
Slide 46: Supplemental Metrics
Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenues for the quarter less catch-up revenues for the quarter, multiplied by four. Management believes ARR provides useful information about our financial performance, and our progress toward our 2030 tar
Slide 47: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Full Year 2020 2021 2022 2023 2024 Q3'25 Q3'24 Q3'25 Q4'25 (In millions) 2025 Net income attributable to InterDigital, Inc. $ 45 $ 55 $ 94 $ 214 $ 359 $ 68 $ 34 $49 - $55 $26 - $34 $389 - $397 Net loss attributable to non-controlling inter
Slide 48: Non-GAAP Reconciliation
Non-GAAP Reconciliation Full Year Three Months Ended Outlook Full Year 2020 2021 2022 2023 2024 Q3'25 Q3'24 Q3'25 Q4'25 (In millions, except per share data) 2025 Net income attributable to InterDigital, Inc. $ 45 $ 55 $ 94 $ 214 $ 359 $ 68 $ 34 $49 - $55 $26 - $34 $389 - $397 Share-based compensatio