Xperi (XPER) Corporate presentation summary

Business model and growth strategy

• Focuses on media platforms, pay TV, and immersive entertainment, leveraging profitable core businesses to fund strategic growth in large advertising markets.

• Growth drivers include smart TV advertising, video-over-broadband subscriber growth, and connected car licensing and analytics.

• Unique competitive advantages include independent OS provision, OEM branding focus, and revenue sharing with partners.

• Growth inflection is enabling increased profitability and cash flow.

Market segments and brands

• Operates in three primary markets: media platforms (11% of LTM revenue), pay TV (43%), and immersive entertainment (46%).

• Key brands include TiVo (video entertainment), DTS (audio/video), HD Radio (digital radio), and IMAX Enhanced (premium home content).

• Products serve smart TVs, set-top boxes, connected cars, and consumer electronics.

Financial performance and capital allocation

• LTM total revenue was $456.8M, with adjusted EBITDA of $95.1M and a margin of 21%.

• Media platform revenue was $49.5M, pay TV $196.6M, connected car $144.1M, and consumer electronics $66.7M.

• Adjusted EBITDA margin improved from 15% in 2024 to 21% in 2026, with a long-term target of 25-30%.

• $80M remains available for share repurchases; $40M in long-term debt as of June 2026.