Adeia Inc. reported third quarter 2025 revenue of $87.3 million, compared to $85.7 million in the previous quarter. GAAP net income was $8.8 million, with adjusted EBITDA of $50.7 million and an adjusted EBITDA margin of 58%. GAAP diluted earnings per share was $0.08, and non-GAAP diluted earnings per share was $0.28. The company paid down $11.1 million on its term loan during the quarter, with total debt repayment reaching $312 million since separation. For the full year 2025, Adeia updated its revenue outlook to $360.0-$380.0 million from the prior range of $390.0-$430.0 million. GAAP net income guidance was revised to $52.4-$71.6 million, and non-GAAP net income to $127.4-$139.8 million. Adjusted EBITDA is now forecast at $202.3-$218.3 million. Key business developments included signing 20 license agreements with new customers, a long-term renewal with Altice, and a new long-term license agreement with an e-commerce customer. The company also filed patent infringement litigation against AMD. Non-Pay-TV recurring revenue grew 31% year-over-year in the third quarter.