ADEA
Adeia Inc.13.03
+0.19+1.48%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details mixes, semi surges
Q&A unpacked Q4's near 50/50 recurring/nonrecurring split and semis surging 40% YoY to $26M on NAND volume ramps, not pricing. Pay-TV subscriber declines are moderating—Charter even grew—but remain baked into the 35-40% mix outlook, freeing OTT to claim 30% of 2026 revenue. Semis jumped 40% YoY to $26M. Higher litigation ($5-10M increase) fully explains the 55% EBITDA margin guide versus prior years. RapidCool excited as plug-and-play versus rivals. Management directly fielded mix and margin probes, signaling pipeline strength across media and semis; investors will track logic/HBM traction.
Key Stats
Market Cap
1.43BP/E (TTM)
20.05Basic EPS (TTM)
0.65Dividend Yield
0.02%Recent Filings
8-K
Adeia-AMD IP deal settles suit
10-K
FY2025 results
Adeia Inc. drove FY2025 revenue to $443M, up 18% y/y, with Q4's long-term Disney license fueling $92M in non-recurring gains after Amazon's Q4 2024 deal, while recurring revenue grew 3% to $351M on new customers and semiconductor royalties despite Pay-TV softness. Operating income hit $175M (40% margin) as amortization fell 20% with assets fully amortizing, yet litigation costs jumped 81% on active IP disputes. Debt dropped to $427M after $60M prepays, with $160M buyback capacity left; dividends held at $0.20/share. Q4 momentum shone in media settlements. License renewals remain tricky.
8-K
Record Q4 revenue, Disney deal
Adeia crushed Q4 2025 with record $182.6M revenue, $73.7M net income, and adjusted EBITDA of $133.9M, fueled by a landmark long-term Disney license resolving litigation. Full-year revenue hit $443.4M, up from $376M, with non-Pay-TV recurring revenue surging 22%; debt fell $60M while repurchasing $20M stock. Signed nine deals, four new. Guides 2026 revenue $395M-$435M. Litigation wins diversify revenue fast.
8-K
Adeia bolsters exec team
Adeia Inc. reshuffled its executive team on January 26, 2026, appointing Dr. Mark Kokes as Chief Revenue Officer to oversee global sales and IP revenue, Craig Mitchell as Chief Semiconductor Officer to lead R&D, and Bill Thomas as Chief Strategy Officer for growth initiatives. Dana Escobar departs as Chief Licensing Officer & GM, Semiconductor on March 13, 2026, with severance per prior agreement. Changes sharpen semiconductor strategy and revenue execution.
8-K
Disney deal boosts guidance
Adeia inked a long-term media IP license with Disney on December 22, 2025, settling all prior litigation and fueling a sharp 2025 guidance hike. Revenue now eyes $425M-$435M, up from $360M-$380M, with non-GAAP net income $169.8M-$175.9M and adjusted EBITDA $257.1M-$265.1M, driven by the deal. Higher opex reflects bonus payouts. Risks shadow forward guidance.