Guidance IncreaseFull-year guidance was raised by $110 million at the midpoint, accounting for the new deals, catch-up revenue, and the outperformance in the quarter.
Legal VictoriesInterDigital shares are trading 7% higher intraday on news that it had been awarded a preliminary injunction against Disney by a court in Brazil.
Revenue GrowthInterDigital saw 44% recurring revenue growth, driven largely by the arbitration conclusion with Samsung, the HP deal signed in April, and the vivo deal signed in May.