Adeia Inc. reported third‑quarter 2025 revenue of $87.3 million, below analyst consensus estimates of $99.2 million to $102.7 million, and a non‑GAAP diluted earnings per share of $0.28 versus an estimate of $0.36. GAAP diluted earnings per share was $0.08 versus an estimate of $0.23.
Adjusted EBITDA margin stood at 58%, and non‑Pay‑TV recurring revenue grew 31% year‑over‑year, reflecting continued expansion into semiconductors, OTT, and e‑commerce.
The company paid down $11 million of debt, reducing its term loan balance to $447.8 million, and declared a quarterly dividend of $0.05 per share. Adeia also updated its full‑year 2025 revenue guidance to $360.0 million to $380.0 million, down from the prior $390.0 million to $430.0 million range, citing uncertainty surrounding a pending license agreement with AMD and the impact of a patent‑infringement lawsuit filed against AMD.
During the quarter Adeia signed 20 new license agreements, including two long‑term media deals and a renewal with a major Pay‑TV customer. The company also filed a patent‑infringement lawsuit against Advanced Micro Devices, alleging infringement of ten semiconductor patents covering hybrid bonding and advanced process node technology.
Management noted that the AMD litigation is the primary reason for the downward revision of guidance and that the company remains focused on building its IP portfolio and pursuing high‑growth sectors.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.