Xperi CEO “very pleased” TiVo One rollout
May 8, 2025
Xperi, the entertainemnt company and TiVO owner, has announced first quarter 2025 financial results for the period ended March 3st, 2025.
Revenue stood at $114 million, down from $118.8 million in the previous quarter. Despite the revenue dip, the company achieved substantial profitability improvements, with Non-GAAP Adjusted EBITDA of $16 million (14 per cent of revenue), up more than 200 per cent compared to Q1 2024.
“The first quarter marked the entry of the TiVo One ad platform into the North American market through updates to our video-over-broadband device footprint and the launch of Sharp TVs powered by TiVo,” said Jon Kirchner, chief executive officer of Xperi. “We are very pleased with the expanded rollout and adoption of our monetisation platform, driving our installed base to 2.5 million monthly active users primarily in Europe. Feedback on the products from our TV and broadband operator partners, as well as from end users, has been extremely positive. Through the rest of this year, we expect monetization to begin to build as users engage more through our platform and we gain more scale in certain territories.”
Kirchner added: “Importantly, our profitability as measured by adjusted EBITDA rose over 200 per cent due to continued business transformation efforts, including savings from cost reductions and business divestitures. This performance is in line with our profitability and operating cash flow goals for the year.”
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