Press Releases

May 5, 2025

Adeia Announces First Quarter 2025 Financial Results

Signed 10 deals in the first quarter, highlighted by 4 with new customers

Paid down $17 million of debt and repurchased $10 million of common stock

Generated $57 million in cash from operations

SAN JOSE, Calif., May 05, 2025 (GLOBE NEWSWIRE) --

Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2025.

“We had a strong start to the year with revenue of $87.7 million which was in line with our expectations, and we generated $57.1 million in cash from operations,” said Paul E. Davis, chief executive officer of Adeia. “We closed 10 deals in the first quarter, continuing our momentum from last year. Importantly four of these were new deals in key growth areas such as social media, OTT, and semiconductors. Our commitment to innovation continues as we focus on growth markets in our media and semiconductor businesses that will drive future technology adoption. Our worldwide patent portfolio now includes over 12,750 total patent assets, an impressive 32% increase since separation over two years ago. This increase was driven primarily by our talented R&D teams that are focused on groundbreaking innovations in emerging technologies, including for AI, advanced semiconductors, and the future of entertainment. We executed on all elements of our balanced capital allocation approach, including continued debt paydown, stock repurchases, tuck-in acquisitions and dividend payments, while ending the quarter with a stronger cash position. Our long-term license agreements with well-established customers, expanding technology offerings, and strong customer pipeline, support the resilience of our business and we are reiterating our 2025 guidance.”

First Quarter Financial Highlights
  • Revenue was $87.7 million as compared to $119.2 million in the fourth quarter of 2024
  • GAAP diluted earnings per share (EPS) was $0.10 and non-GAAP diluted EPS was $0.26
  • GAAP net income was $11.8 million and adjusted EBITDA was $47.3 million
  • Cash from operations was $57.1 million
  • Paid down $17.1 million on our term loan
  • Repurchased $10.0 million of our common stock
  • Repriced our term loan in January, which lowered our interest rate by 50 basis points
Business Highlights
  • Signed a new multi-year license agreement for access to our media portfolio with a leading social media company
  • Signed a new multi-year license agreement for access to our media portfolio with a leading international multi-platform media company for their OTT offerings
  • Signed a new long-term license agreement with a major U.S. professional sports league for access to our media portfolio
  • Signed a new multi-year license agreement with a large domestic manufacturer of analog and mixed-signal semiconductor devices for access to our semiconductor portfolio driven by our hybrid bonding technology
  • Signed renewals with Pay-TV providers SK Broadband and Frontier Communications for access to our media portfolio
  • Acquired two strategic patent portfolios in microLED and imaging
View full announcment on our IR Website ►

About Adeia Inc.

Adeia is a leading R&D and intellectual property (IP) licensing company that accelerates the adoption of innovative technologies in the media and semiconductor industries. Adeia’s fundamental innovations underpin technology solutions that are shaping and elevating the future of digital entertainment and electronics. Adeia’s IP portfolios power the connected devices that touch the lives of millions of people around the world every day as they live, work and play. For more, please visit www.adeia.com.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In this context, forward-looking statements often address expected future business, financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond the Company’s control, and are not guarantees of future results.

Forward-looking statements are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company’s ability to implement its business strategy; the Company’s ability to enter into new and renewal license agreements with customers on favorable terms; the Company’s ability to retain and hire key personnel; uncertainty as to the long-term value of the Company’s common stock; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the Company’s ability to grow and expand its patent portfolios; changes in technology and development of new technology in the industries in which in which the Company operates; the evolving legal, regulatory and tax regimes under which the Company operates; unforeseen liabilities and expenses; risks associated with the Company’s indebtedness; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities, natural disasters and global health pandemics, each of which may have an adverse impact on the Company’s business, results of operations, and financial condition. These risks, as well as other risks associated with the Company’s business, are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. While the list of factors presented here is, and the list of factors presented in the Company’s filings with the SEC are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements.

Causes of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, failure to complete licensing arrangements on anticipated terms and timeline, failure to prevail in litigation we may bring against third parties, financial loss, legal liability to third parties and similar risks, and failure to attract or retain employees, any of which could have a material adverse effect on the Company’s consolidated financial condition, results of operations, liquidity or trading price of common stock. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

For Information Contact:

Adeia Investor Relations
Chris Chaney
[email protected]

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