Financial PerformanceInterDigital reported solid first-quarter results with 30% recurring revenue growth, driven largely by the new licensing deal it signed with vivo for its smartphones.
Growth OpportunitiesInterDigital's growth opportunities include long-term expansion into cloud services and video streaming, as well as progress in core markets like smartphones and consumer electronics.
Licensing AgreementsThe new agreement with Samsung is at $131 million of recurring revenue per year, which is a 67% increase from the previous agreement.