Press Releases

February 23, 2026

Adeia Announces Record Fourth Quarter and Full Year 2025 Financial Results

Achieved record revenue, operating income and adjusted EBITDA in the fourth quarter

Signed long-term license agreement with Disney; two of the largest OTT providers now under license

Reduced debt by $60 million and repurchased $20 million of common stock in 2025

SAN JOSE, Calif., Feb 23, 2026 (GLOBE NEWSWIRE) --

Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the fourth quarter and full year ended December 31, 2025.

“We finished the year with strong momentum, delivering record fourth-quarter revenue of $182.6 million, along with quarterly records in operating income and adjusted EBITDA,” said Paul E. Davis, chief executive officer of Adeia. “During the quarter, we signed nine deals, including four with new customers. Notably, we entered into a significant long-term license agreement with Disney, resolving all outstanding litigation and underscoring the strength and broad applicability of our media portfolio. Additional new agreements included two other OTT customers and a consumer electronics customer in Japan, while the remaining deals consisted of Pay-TV and consumer electronics renewals, as well as a hybrid bonding prototype development agreement with an existing semiconductor customer. These results reflect both the breadth of our opportunity pipeline and our continued strong execution. Building on the momentum at the end of 2025 we have had a strong start to 2026, including signing a new multi-year license agreement with Microsoft in January, for access to our media portfolio.”

“The past year was exceptional, both financially and operationally,” continued Davis. “We are very pleased that our record annual revenue, and excellent operating income and adjusted EBITDA, all exceeded the high end of our guidance range. We signed 26 agreements across a diverse customer base spanning OTT, semiconductors, consumer electronics, Pay-TV and e-commerce. As we continue to expand our customer base, a record 12 of the 26 deals in 2025 were with new customers. Our non-Pay-TV recurring revenue grew 22% in 2025, further validating our strategy to diversify our revenue streams. Our award-winning RapidCool™ thermal solution is now being evaluated by multiple technology leaders involved in the AI semiconductor supply chain. We also expanded our IP portfolios by 13% through a combination of internal R&D and strategic tuck-in acquisitions. With the recent realignment of our senior leadership team, we are better positioned for long-term scale and growth.”

Fourth Quarter Financial Highlights
  • Revenue was $182.6 million as compared to $87.3 million in the third quarter of 2025
  • GAAP diluted earnings per share (EPS) was $0.65 and non-GAAP diluted EPS was $0.86
  • GAAP net income was $73.7 million and adjusted EBITDA was $133.9 million
  • Cash flow from operations was $60.0 million
  • Paid down $21.1 million on our term loan
  • Repurchased $10.0 million of our common stock
Full Year 2025 Financial Highlights
  • Revenue was $443.4 million as compared to $376.0 million in 2024
  • GAAP diluted EPS was $0.99 and non-GAAP diluted EPS was $1.65
  • GAAP net income was $111.1 million and adjusted EBITDA was $277.6 million
  • Cash flow from operations was $158.1 million
  • Paid down $60.4 million on our term loan
  • Repurchased $20.0 million of our common stock
  • Non-Pay-TV recurring revenue grew 22% year-over-year
Business Highlights
  • Signed a new long-term license agreement with Disney, a leading OTT provider, for access to our media portfolio
  • Signed 9 deals with 8 media and 1 semiconductor customers, including with 4 new customers
  • Signed a new multi-year license agreement with Major League Baseball, for access to our media portfolio
  • Signed a multi-year renewal with Vodafone, an international Pay-TV operator, for access to our media portfolio
  • Signed a hybrid bonding prototype development agreement with an existing semiconductor customer
  • In January 2026, signed a new multi-year license agreement with Microsoft, for access to our media portfolio
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]

Adeia Media Relations
Anna Enerio
[email protected]

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