It’s been a punishing 2025 for Xperi Corp. shareholders, with valuations down 42.7% since the start of the year. With the release of the company’s second quarter earnings results, it looks like the dip — punctuated by a steep drop in value over the last 10 days — has abated.
The TiVo, HD Radio and DTS AutoStage parent in Q2 2025 saw its revenue dip to $105.9 million from $119.6 million while its operating loss narrowed to $11.1 million, from $21.9 million. This put the net loss at $14.8 million (-$0.32 per diluted share), shrinking from $30.3 million ($0.67) a year earlier.
On a non-GAAP basis, net income was seen but dipped to $4.8 million ($0.11 per share) from $5.6 million ($0.12).
The results were in line with what analysts polled by Zacks had suggested. And, that helped reverse a severe dip on the NYSE for “XPER,” with a 4% gain as of 3:05pm Eastern from Wednesday’s close seen on August 7.
That puts Xperi shares at $5.91, down more than $2 per share since July 10. Meanwhile, XPER slid from $7.54 on July 28 to $5.69 on August 6, as investors perhaps reacted to an “outlook update” from the company released eight days before the official Q2 2025 results.
“Over this past quarter, while operating in an increasingly difficult environment, we made significant progress on our strategic initiatives that are critical to meeting our longer-term growth plans,” said Xperi CEO Jon Kirchner. “We grew Monthly Active Users on Smart TVs as well as video-over-broadband devices utilizing the TiVo One ad platform to 3.7 million. We also added over one million new vehicles to our AutoStage footprint, which now exceeds 12 million vehicles worldwide, and grew our IPTV footprint to over 3 million subscriber households.”
Xperi reiterated the outlook for fiscal year 2025 that was previously updated on July 28:
|
Category |
GAAP Outlook |
Non-GAAP Outlook |
|
Revenue |
$440M to $460M |
$440M to $460M |
|
Adjusted EBITDA Margin1,2 |
n/a |
15% to 17% |
1 |
See discussion of “Non-GAAP Financial Measures” below. |
|
2 |
With respect to Adjusted EBITDA Margin, the Company has determined that it is unable to provide a quantitative reconciliation of this forward-looking non-GAAP measure to the most directly comparable forward-looking GAAP measure with a reasonable degree of confidence in its accuracy without unreasonable effort, as items including restructuring and impacts from discrete tax adjustments and tax law changes are inherently uncertain and depend on various factors, many of which are beyond the Company’s control. |
