Xperi (XPER) Corporate presentation summary

Business model and portfolio

• Digital entertainment technology platform spans Media Platform and connected TV advertising, Pay TV, and Immersive Entertainment; profitable core businesses fund growth opportunities.

• Four brands: TiVo for video discovery, DTS for immersive audio and video, HD Radio for digital broadcast radio, and IMAX Enhanced for premium home entertainment.

• LTM revenue by market: Pay TV $200.2M (43.6%), Immersive Entertainment $200.9M (43.8%), and Media Platform $58.1M (12.6%).

• Revenue models include advertising and data monetization on TiVo Smart TVs, per-subscriber royalties for Pay TV, and per-unit licensing for connected car and consumer electronics.

Market opportunity and positioning

• CTV in-stream video advertising market of $38B expected to grow at 8% CAGR through 2030; streaming accounts for close to 50% of TV viewing time but less than 30% of video ad dollars.

• TiVo OS had 11 TV partners, 6.8M TiVo One monthly active users, 1,800+ free ad-supported channels, and 275K+ movies and shows as of September 30, 2026.

• Positioning emphasizes an independent TV platform that does not compete with TV partners through its own TVs or e-commerce platform, while sharing advertising revenue and data.

• Global automotive infotainment market projected to grow at 11% CAGR from 2024 to 2029; home audio market expected to grow 9% YoY to $60B in 2028.

Media and Pay TV growth progress

• TiVo One reached 6.8M monthly active users versus a 7M goal; 11 TiVo OS partners exceeded the 10-partner goal, and ARPU was $7.65 versus a long-term $20-$30 goal.

• TiVo One year-end expectations were 7.5M+ monthly active users and $8-$10 ARPU.

• IPTV reached 3.42M global subscriber households, above the 3.2M goal; LTM IPTV revenue was $100.2M, above the stated $100M annual run-rate threshold.

• Multi-year video-over-broadband agreements with Hotwire and Armstrong were extended in Q3 2026, with expanded commercial commitments.