Xperi reports Q3 EPS 28c, consensus 14c

Reports Q3 revenue $111.6M, consensus $108.5M. “By the end of the third quarter, we achieved nearly all of our strategic growth goals for 2025,” said Jon Kirchner, chief executive officer of Xperi (XPER). “We reached 4.8 million monthly active users on the TiVo One platform, added our tenth TiVo OS partner, and signed a number of new monetization partnerships. This progress is a clear validation of our TV OS value proposition in the media platform market. In the Connected Car market, the AutoStage platform has reached over 13 million vehicles, and we remain confident in our ability to monetize this platform through data and advertising partnerships. Our financial results for the quarter reflect our continued focus on cost management, profitability, and cash generation – as evidenced by a second consecutive quarter of positive free cash flow. In addition, as part of our effort to drive long term shareholder value, today we announced a workforce reduction that reflects our commitment to invest in significant growth opportunities while managing the business for improved profitability.”