Adjusted EBITDA Growth
Adjusted EBITDA increased by 4% to $15 million, representing 14% of revenue due to continued business transformation efforts and cost management.
TiVo One Ad Platform User Growth
The TiVo One ad platform reached 3.7 million monthly active users, moving towards the 2025 goal of 5 million users.
IPTV Revenue Growth
IPTV revenue grew by 24% with over 30% year-over-year growth in North America and Latin America, reaching an installed base of over 3 million subscriber households.
DTS AutoStage Expansion
DTS AutoStage solution expanded by signing two new OEM programs and launching in new car models such as BMW 5 Series, Kia EV9, and Hyundai IONIQ 5 and IONIQ 9.
Consumer Electronics Revenue Increase
Consumer Electronics revenue increased by 23% after excluding the divestiture of Perceive, driven by signing minimum guarantee renewals with key customers like Sony and TCL.