Adeia Q1 2023 Earnings Report

Adeia EPS Results

• Actual EPS: $0.46
• Consensus EPS: $0.21
• Beat/Miss: Beat by +$0.25
• One Year Ago EPS: N/A

Adeia Revenue Results

• Actual Revenue: $117.31 million
• Expected Revenue: $99.93 million
• Beat/Miss: Beat by +$17.38 million
• YoY Revenue Growth: N/A

Adeia Announcement Details

• Quarter: Q1 2023
• Date: 5/8/2023
• Time: N/A

Adeia (NASDAQ:ADEA), together with its subsidiaries, operates as a media and semiconductor intellectual property licensing company in the United States, Canada, Asia, Europe, the Middle East, and internationally. The company licenses its patent portfolios across various markets, including multichannel video programming distributors comprising cable, satellite, and telecommunications television providers that aggregate and distribute linear content over networks, as well as television providers that aggregate and stream linear content over broadband networks; over-the-top video service providers and social media companies, such as subscription video-on-demand and advertising-supported streaming service providers, as well as content providers, networks, and media companies. It also licenses consumer electronics manufacturers, which includes producers of smart televisions, streaming media devices, video game consoles, mobile devices, content storage devices, and other connected media devices; semiconductors, including providers of sensors, radio frequency components, memory, and logic devices; and social media companies that allow users to stream and upload user-generated content. The company licenses its innovations under the Adeia brand name. Adeia Inc. was formerly known as Xperi Corporation and changed its name to Adeia Inc. in December 2019. The company was incorporated in 2019 and is headquartered in San Jose, California.