Xperi Inc (XPER) News & EventsXPERNews & EventsXperi Inc

Xperi Reports Q2 Revenue of $114.5M, Beating Expectations

Reports 2Q revenue $114.5M, consensus $112.66M. "Our financial results continue to demonstrate positive momentum in our business and the effectiveness of our strategy to grow both footprint and revenue on our platforms. Monthly active users on the TiVo One platform grew 70 percent from last year, to 6.3 million, which we believe positions us to achieve our year-end goal of 7 million users. This footprint expansion helped drive 54 percent year-over-year growth in advertising and related revenue. Our AutoStage platform footprint grew 42 percent year-over-year to reach 17 million vehicles, and began generating revenue from listener analytics and data," said Jon Kirchner, chief executive officer of Xperi. "Overall, we are pleased with our first half performance and believe our business continues to build momentum."

BYD Adopts Xperi's DTS AutoStage as Exclusive In-Car Media Platform

BYD Auto (BYDDF) and Xperi (XPER) announced that BYD Auto has adopted DTS AutoStage as its exclusive in-car media platform. "BYD's adoption of DTS AutoStage reflects our shared commitment to delivering high-quality, intuitive entertainment experiences that delight drivers and passengers," said Jeff Jury, senior vice president and general manager of immersive entertainment at Xperi. "As the automotive cockpit becomes a 'third space' where consumers expect seamless access to the entertainment content they care about, we are excited to partner with BYD to provide a comprehensive solution to their customers."

Cumulus Media Becomes First Commercial Licensee for Xperi AutoStage

Cumulus Media and Xperi announced that Cumulus has signed on as the first commercial licensee for the AutoStage Broadcaster Portal Premium, Xperi's next-generation radio audience intelligence platform. The platform delivers near-census-level insights into in-car radio consumption, providing visibility into nearly-real-time listener behavior. "We're proud to be the first broadcaster to deploy AutoStage Broadcaster Portal Premium as part of our broader effort to bring new sources of audience insight to radio," said Bob Walker, president of operations, Cumulus Media. "The platform gives us access to a level of audience intelligence that hasn't previously been available, creating new opportunities for content creators, sales teams, and advertisers alike."