Overview

• Xperi Q3 revenue beats analyst expectations despite a year-over-year decline

• Adjusted EPS for Q3 beats consensus, reflecting cost management focus

• Company, on Nov 1, approved a restructuring plan, announces workforce reduction of 250 employees to improve profitability

Outlook

• Xperi reiterates 2025 revenue guidance of $440 mln to $460 mln

• Company expects 2025 adjusted EBITDA margin of 15% to 17%

• Xperi anticipates $30 mln to $35 mln annual savings from workforce reduction

Result Drivers

• TIVO ONE USER GROWTH - TiVo One platform saw 30% sequential growth in monthly active users, reaching 4.8 mln

• CONNECTED CAR EXPANSION - AutoStage platform expanded to over 13 mln vehicles, with new OEM programs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the software peer group is "buy"

• Wall Street's median 12-month price target for Xperi Inc is $12.00, about 46.9% above its November 4 closing price of $6.37

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw3wgpTta

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)