Slide 1: Second Quarter 2025 Results
U> interdigital Second Quarter 2025 Results July 31, 2025 ©2025 InterDigital, Inc. All Rights Reserved.
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 Q2 and full year 2025, and other financial and business goals. Forward-looking statem
Slide 3: Agenda
Agenda Financial & Business Highlights Q3 and FY25 Guidance Background on InterDigital Appendix 3©2025 InterDigital, Inc. All Rights Reserved.
Slide 4: Financial & Business Highlights
Financial & Business Highlights w> ©2025 InterDigital, Inc. All Rights Reserved.
Slide 5: Q2 Financial Highlights
Q2 Financial Highlights Revenue, Adj. EBITDAa and Diluted EPS exceed the top end of guidance range Annualized Recurring Revenueb (ARR) up 44% YoY to an all-time high of $553 million Smartphone ARRb up 58% YoY to $465 million, also an all- time high Adj. EBITDAa of $237 million, up 50% YoY
Slide 6: Recent Business Highlights
Recent Business Highlights Concluded Samsung arbitration with significant increase to ARR Signed new license agreement with HP Driving 6G development, including integration of AI, via leadership in standards bodies such as 3GPP Ranked #2 among global telecoms for patent portfolio quality and
Slide 7: Successful Completion of Samsung Arbitration
Successful Completion of Samsung Arbitration World’s largest smartphone manufacturer License covers > 200 million mobile devices shipped annually Total contract value of $1.05 billion over 8 years, licensed through end of 2030 Annual recurring revenue of $131 million, an increase of 67% from
Slide 8: Q2 License Agreement With HP
Q2 License Agreement With HP Multi-year agreement licenses HP personal computers to our WiFi and video decoding technologies HP is one of the world’s largest PC manufacturers Agreement reached through bilateral negotiation Further validates importance of our foundational innovation and growt
Slide 9: Financial Results vs. Outlook
Financial Results vs. Outlook Q 2 ’ 2 5 R E S U L T S Q 2 ’ 2 5 O U T L O O K Revenue $300.6M $165M - $170M Adjusted EBITDAa $236.7M $107M - $114M Diluted EPS $5.35 $1.90 - $2.11 Non-GAAP EPSa $6.52 $2.67 - $2.90 aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations. 9©2025 In
Slide 10: Q2'25 Results: ARR, Revenue, Adjusted EBITDA, Non-GAAP EPS
ARRa +44% YoY Q2’25 Results ©2025 InterDigital, Inc. All Rights Reserved. 10 0 100 200 300 400 500 600 Q2 ‘24 Q2 ‘25 $384M $553M Ce, IoT/Auto Smartphone $224M $301M 0 100 200 300 400 500 600 Q2 ‘24 Q2 ‘25 Revenue +34 % YoY $158M $237M 71% 79% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 0 100 200 300
Slide 11: 11©2025
11©2025 InterDigital, Inc. All Rights Reserved.
Slide 12: Company Increases FY 2025 Guidance
Company Increases FY 2025 Guidance (as of July 31, 2025) 12 Q 3 ’ 2 5 O U T L O O K F Y 2 5 C U R R E N T O U T L O O K F Y 2 5 P R I O R O U T L O O K Revenue $136M - $140M $790M - $850M $660M - $760M Adjusted EBITDAa $69M - $75M $551M - $569M $400M - $495M Diluted EPS $0.94 - $1.11 $10.94 - $11.47
Slide 13: Upcoming Investor Events
Upcoming Investor Events 13 August 26 Jefferies Semiconductor, IT Hardware & Communications Conference Chicago, IL August 27 Midwest IDEAS Conference Chicago, IL August 27 Evercore ISI Semiconductor, IT Hardware & Networking Conference Chicago, IL ©2025 InterDigital, Inc. All Rights Reserved. Septem
Slide 14: 14©2025
14©2025 InterDigital, Inc. All Rights Reserved.
Slide 15: InterDigital: Innovating Today, Empowering Tomorrow
Premier Team Essential Technology Development Company Introduction Long-term Growth Strategy Accelerating Business Momentum 01 0304 0205 InterDigital Innovating Today, Empowering Tomorrow ©2025 InterDigital, Inc. All Rights Reserved. 15
Slide 16: InterDigital Pioneering Wireless, Video and AI Research
InterDigital Pioneering Wireless, Video and AI Research 16©2025 InterDigital, Inc. All Rights Reserved. 63% Adj. EBITDA Margina TOP CUSTOMERS: ~$1B Cash 2024 F inancial Resul ts $869M Revenue H I G H L I G H T S Driving foundational research in wireless, video & AI since 1972 World-class team Led by
Slide 17: World-Class Leadership Team
17©2025 InterDigital, Inc. All Rights Reserved. World-Class Leadership Team Robert S. Stien Chief Communications & Public Policy Officer Ken Kaskoun Chief Growth Officer Joshua Schmidt Chief Legal Officer Michael Cortino Chief Information Officer Skip Maloney Chief People Officer Rich Brezski CFO Ju
Slide 18: IP as a Service Business Model: A Virtuous Cycle of Innovation
18©2025 InterDigital, Inc. All Rights Reserved. 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. $ RESEARCH & INNOVATION PATENT PORTFOLIO LICENSING
Slide 19: We Focus on Foundational Technologies
19©2025 InterDigital, Inc. All Rights Reserved. We Focus on Foundational Technologies We solve the most complex problems in the system. The technology we created is broadly applicable to many industries W I R E L E S S Cellular wireless - 4G/5G/6G WiFi and wireless local area networks V I D E O Vide
Slide 20: InterDigital Tech Underpins Surging Mobile Traffic
20©2025 InterDigital, Inc. All Rights Reserved. InterDigital Tech Underpins Surging Mobile Traffic 2017 2022 2027 50 100 150 200 250 3000 10.8 EB 90.4 EB 282.8 EB Video Drives Surge in Mobile Data Traffic Estimated global media traffic by application category (in exabytes per month)* * One exabyte e
Slide 21: Our Innovations Help Drive Video Codec Evolution
21©2025 InterDigital, Inc. All Rights Reserved. Our Innovations Help Drive Video Codec Evolution 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 result from 3GPP document https://www.3gpp.org/ftp/Spe
Slide 22: The Power of the Global Standards System
22©2025 InterDigital, Inc. All Rights Reserved. The Power of the Global Standards System C O N S U M E R S A global system of standards helps ensure interoperability I M P L E M E N T E R S Standards like 5G lower barriers to entry for new entrants into a market like smartphones and benefit from eco
Slide 23: InterDigital Drives Standard Development
23©2025 InterDigital, Inc. All Rights Reserved. InterDigital Drives Standard Development U N I T I N G P R I N C I P L E S Strong belief in global standards Focus on technology merits and neutral on product implementation decisions S T R O N G L E A D E R S H I P Participate in 100+ standard develop
Slide 24: We Have Many Standard Development Leadership Positions
JVT 24©2025 InterDigital, Inc. All Rights Reserved. We Have Many Standard Development Leadership Positions Cellular & WiFi Standards Video Standards Sphere of Influence Growing: More than 100 Leadership Positions in Wireless & Video Standards RAN2 Chair SA6 Chair ETSI Board Member ISAC ISG Chair RIS
Slide 25: One Of Only Four Companies with Multiple 3GPP Chair Positions
25©2025 InterDigital, Inc. All Rights Reserved. One Of Only Four Companies with Multiple 3GPP Chair Positions Radio Access Network (RAN) WG1 Radio Layer1 WG2 Radio Layer 2/3 WG3 Architecture & Related Network Interfaces WG4 Radio Performance & Protocol Aspects WG5 Mobile Terminal Conformance Test Se
Slide 26: InterDigital is a Recognized Global Innovation Leader
26©2025 InterDigital, Inc. All Rights Reserved. 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 paten
Slide 27: Innovation Engine Fuels Evergreen IP Portfolio
27©2025 InterDigital, Inc. All Rights Reserved. Innovation Engine Fuels Evergreen IP Portfolio ~19,000 Assets ~34,000 Assets Our patent portfolio grew > 70% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets 2 0 1 7 : 2 0 2 5 : Portfoli
Slide 28: 28©2025
28©2025 InterDigital, Inc. All Rights Reserved.
Slide 29: Licensing Success Drives ARR Growth
©2025 InterDigital, Inc. All Rights Reserved. Licensing Success Drives ARRa Growth More than 40 licenses with TCV > $4B closed since the start of 2021 *Arbitration concluded a Please see appendix for a description of this metric and how it is calculated 2 0 2 0 2 0 2 1 2 0 2 2 2 0 2 3 2 0 2 4 2 0 2
Slide 30: Strong Revenue Growth, Margins and Return of Capital
$155M $208M $255M $345M $551M 43% 49% 56% 63% 63% 0% 10% 20% 30% 40% 50% 60% 70% $0M $100M $200M $300M $400M $500M $600M $359M $425M $458M $550M $869M $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 2020 2021 2022 2023 2024 Strong Revenue Growth, Margins and Return of Capital 30 2020 2021 2022 2023
Slide 31: 31©2025
31©2025 InterDigital, Inc. All Rights Reserved.
Slide 32: Our Technologies Benefit the Economy and the World
32©2025 InterDigital, Inc. All Rights Reserved. Our Technologies Benefit the Economy and the World Source: GSMA The Mobile Economy 2024 5.6 billion people globally subscribed to a mobile service, including 4.7 billion who used the mobile internet Mobile technologies and services generate $5.7 trilli
Slide 33: We Address Three Attractive Markets
33©2025 InterDigital, Inc. All Rights Reserved. We Address Three Attractive Markets Sources: Counterpoint Research, OMDIA 1 Includes only value for Consumer Electronics and IoT Devices Market 2025E TAM Key Market Dynamic ’25 – ’28E CAGR Significant Customers CONTENT & CLOUD SERVICES ~$465B High grow
Slide 34: Clear Pathway to Growth
34©2025 InterDigital, Inc. All Rights Reserved. Clear Pathway to Growth Q2-2025 2030 SMARTPHONE I n c r e a s e p e n e t r a t i o n E n h a n c e v a l u a t i o n d u r i n g r e n e w a l s CE, IOT/AUTO I n c r e a s e p e n e t r a t i o n E x p a n d m a r k e t c o v e r a g e S T R E A M I N
Slide 35: Strong Runway for Continued Smartphone Growth
Strong Runway for Continued Smartphone Growth Primary Opportunity Licensed1 Long Tail 1. Lenovo in binding arbitration Licensing coverage: ~80% • +8% from vivo license in Q1 • Large global market, projected at 3% CAGR thru ‘28 • Growth from licensing remaining top OEMs • Focus on driving higher valu
Slide 36: Good Momentum in CE - Large Opportunity Remains
Good Momentum in CE - Large Opportunity Remains Licensed Note: Figures represent 2025 estimated shipments Source: Omdia P C s & T A B L E T S : ~ 3 8 5 M T V s : ~ 2 1 0 M Primary Opportunity Long Tail License coverage based on HEVC ~60%~25% ~15% ~35% ~45% ~20% 36©2025 InterDigital, Inc. All Rights
Slide 37: Strong Growth Opportunity in Automotive and IoT
37©2025 InterDigital, Inc. All Rights Reserved. Strong Growth Opportunity in Automotive and IoT Sources: Counterpoint Research, Omdia 2025E 2028E ~65 ~80 2025E 2028E Others Healthcare Enterprise Industrial PoS Smart Meters Asset Tracking ~250 ~350 P A S S E N G E R V E H I C L E S H I P M E N T S (
Slide 38: SVoD and AVoD Are Our Initial Focus
38©2025 InterDigital, Inc. All Rights Reserved. SVoD and AVoD Are Our Initial Focus Source: Omdia 2025 TAM 2028 TAM TAM CAGR $300 B$165 B $190 B $170 B $160 B $18 B $21 B $5 B $6 B +13% +14% +5% +5% -2% SVoD AVoD GLOBAL PAY-TV VIDEO CONFERENCING CLOUD GAMING $440 B
Slide 39: Capital Allocation Priorities
39©2025 InterDigital, Inc. All Rights Reserved. Capital Allocation Priorities Strong cash flow maintains balance sheet strength, funds organic investment in research, and enables significant share reduction Maintain fortress balance sheet Financial strength is a strategic asset Organic investment in
Slide 40: Target Financial Model for 2030
40©2025 InterDigital, Inc. All Rights Reserved. Target Financial Model for 2030 60%+ Powerful Operating Leverage drives Adjusted EBITDA Marginb Target $1B+ ARRa 14%+ Annual Growth Target High Margin Drives Strong Cash Flow $600M+ Adjusted EBITDAb Target Well positioned to drive value going forward a
Slide 41: Key Takeaways
41©2025 InterDigital, Inc. All Rights Reserved. Key Takeaways World-class leadership and functional teams across the board Accelerating momentum for R&I, standard development, patent portfolio creation and licensing driven by continuing investment and strong execution We have a clear strategy, a wor
Slide 42: Appendix
42©2025 InterDigital, Inc. All Rights Reserved.
Slide 43: Supplemental Metrics
43©2025 InterDigital, Inc. All Rights Reserved. Supplemental Metrics Annualized recurring revenue ("ARR") for any quarter is defined as total revenues for the quarter less catch-up revenues for the quarter, multiplied by four. Management believes ARR provides useful information about our financial p
Slide 44: Non-GAAP Reconciliation
Non-GAAP Reconciliation 44©2025 InterDigital, Inc. All Rights Reserved. (In millions) 2020 2021 2022 2023 2024 Q2'25 Q2'24 Q2'25 Q3'25 Current Prior Net income attributable to InterDigital, Inc. 45$ 55$ 94$ 214$ 359$ 181$ 110$ $64 - $71 $32 - $38 $372 - $390 $224 - $319 Net loss attributable to non-
Slide 45: Non-GAAP Reconciliation
Non-GAAP Reconciliation 45©2025 InterDigital, Inc. All Rights Reserved. (In millions, except per share data) 2020 2021 2022 2023 2024 Q2'25 Q2'24 Q2'25 Q3'25 Current Prior Net income attributable to InterDigital, Inc. 45$ 55$ 94$ 214$ 359$ 181$ 110$ $64 - $71 $32 - $38 $372 - $390 $224 - $319 Share-