Xperi (XPER) Corporate presentation summary

Strategic focus and business model

• Mission centers on delivering extraordinary digital entertainment experiences through a global ecosystem, focusing on media platforms, pay TV, and immersive entertainment.

• Core businesses fund strategic growth in large advertising markets, with profitability and cash flow expected to increase as growth strategies reach inflection.

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

• Four strong brands—TiVo, DTS, HD Radio, and IMAX Enhanced—drive business across video, audio, and broadcast segments.

Market segments and growth drivers

• Media Platform: Smart TV advertising and data monetization, with 5.5M TiVo One monthly active users and $7.10 ARPU as of March 2026.

• Pay TV: Global IPTV platform with 3.28M subscriber households, $96.2M LTM revenue, and 19% YoY subscriber growth in key regions.

• Connected Car: HD Radio in 125M+ cars, DTS AutoStage in 16M vehicles, and plans for digital ad monetization trials in 2026.

• Consumer Electronics: Over 2B devices powered by DTS, renewed contracts with major brands, and new partnerships for immersive audio.

Financial performance and capital allocation

• LTM revenue (Q2-2025 to Q1-2026) was $448.3M, with Media Platform at $44.1M, Pay TV at $201.8M, Connected Car at $129.1M, and Consumer Electronics at $73.2M.

• Adjusted EBITDA margin improved to 19% LTM, with a long-term target of 25–30%.

• Operating cash flow was $3.7M LTM, with $80M available for share repurchases and $40M in long-term debt as of March 2026.

• Capital allocation prioritizes growth investment, innovation, share repurchases, and maintaining moderate leverage.