Interdigital ( (IDCC) ) has released its Q4 earnings. Here is a breakdown of the information Interdigital presented to its investors.
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InterDigital, Inc., a leader in wireless, video, and AI technology research and development, has reported its financial results for the fourth quarter and full year 2024, showcasing significant revenue growth and record earnings per share.
InterDigital has achieved a remarkable 140% year-over-year increase in revenue for the fourth quarter, reaching $253 million, and a 58% rise in annual revenue to $869 million for 2024. This success is largely attributed to substantial growth in licensing programs and new agreements with major device manufacturers. The company also filed enforcement actions against The Walt Disney Company for unlicensed use of its technology.
Key financial highlights include a 241% increase in net income for the fourth quarter, reaching $133.1 million, and a 68% rise for the full year, totaling $358.6 million. The company’s diluted earnings per share increased by 190% in the fourth quarter and 58% annually. InterDigital’s adjusted EBITDA also saw significant growth, jumping 272% in the fourth quarter and 60% for the year.
Looking ahead, InterDigital is projecting revenues between $660 million and $760 million for 2025, with an expected adjusted EBITDA of $400 million to $495 million. The company remains focused on leveraging its innovative technologies to secure further licensing agreements and drive future growth.
