| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 87.34 | 1.9% | 1.4% |
| Total Income | 87.34 | 1.9% | 1.4% |
| Expenditure | 60.33 | 13.0% | 4.0% |
| PBT | 18.43 | 141.9% | 9.8% |
| Net Profit | 8.83 | 47.2% | 54.3% |
| OPM | 30.92% | 11.79pp | 1.74pp |
| NPM | 10.11% | 9.40pp | 12.32pp |
| EPS | 0.08 | 46.7% | 55.6% |
Adeia Announces Q3 2025 Financial Results; Revenue $87.3 million
04 May 2026 · 4 May, 8:18 am
Summary
Adeia Inc. announced its financial results for the third quarter ended September 30, 2025. The company reported revenue of $87.3 million, which was in line with expectations. Adjusted EBITDA margin was 58%. Non-Pay-TV recurring revenue grew 31% year-over-year. The company updated its full-year 2025 revenue guidance to $360.0 - 380.0 million.
Key Highlights
- 1
Adeia's third quarter revenue was $87.3 million, aligning with expectations.
- 2
The company's adjusted EBITDA margin remained strong at 58% for the third quarter.
- 3
Non-Pay-TV recurring revenue increased by 31% year-over-year in the third quarter.
- 4
Adeia signed 20 license agreements with new customers in key growth areas since separation.
- 5
The company paid down $11 million of debt in the third quarter, bringing total debt repayment to $312 million since separation.
- 6
GAAP diluted earnings per share (EPS) was $0.08 and non-GAAP diluted EPS was $0.28 for the third quarter.
- 7
The company filed patent infringement litigation against AMD.
Management Comments
Paul E. Davis
Third quarter revenue of $87.3 million was in line with our expectations for the quarter and our cash generative business model continues to deliver impressive 58% adjusted EBITDA margins. Importantly, non-Pay-TV recurring revenue grew 31% year-over-year in the third quarter, demonstrating our successful efforts signing agreements in semiconductors, OTT and adjacent media markets. We closed two long-term media deals during the quarter, one renewal with a significant Pay-TV customer and the other a license with a new e-commerce customer. We are continuing to invest and innovate across the AI ecosystem, including AI capabilities and foundational infrastructure, for our current and future media and semiconductor customers. Our innovations continue to receive industry recognition, with our hybrid bonding technology receiving a ‘Best of Show’ award for ‘Most Innovative Technology’ at the prestigious FMS: the Future of Memory and Storage conference in August. Since early 2021 we have successfully signed approximately 145 license agreements with customers who recognize the value of our IP. While we always prefer to find a mutually acceptable resolution without litigation, disputes occasionally arise that require us to take a different path to achieve fair value for our innovations. Today we filed patent infringement litigation against AMD for its extensive and unauthorized use of our semiconductor portfolio across its product lines, particularly our patents related to hybrid bonding and advanced process nodes. While we remain open to a mutually beneficial resolution, we are fully prepared to proceed through the entirety of the legal process and we are confident in our ability to achieve a positive outcome. While we still have paths to achieve our original revenue guidance range for the year, we have taken a prudent approach and adjusted our 2025 full-year guidance primarily to reflect that the license agreement we had been pursuing with AMD is now unlikely to close in the fourth quarter of this year as we had previously expected.
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