InterDigital reports strong financial results for Q1 2025, exceeding guidance and securing major license agreements.

From GlobeNewswire: 2025-05-01 08:30:00

InterDigital, Inc. reported revenue, Adjusted EBITDA, and EPS exceeding guidance, with all-time high annualized recurring revenue up 30% YoY. The company reaffirmed its full year 2025 guidance. They secured major license agreements with vivo Mobile and HP, totaling over $3.6 billion since 2021, boosting growth.

Financial highlights for Q1 2025 show a decrease in revenues due to lower catch-up revenues. Net income increased by 42% YoY, with Adjusted EBITDA up by 22%. Annualized recurring revenue reached $502.9 million, a 30% increase. Revenue by program includes significant growth in the smartphone segment.

InterDigital’s return of capital to shareholders in Q1 2025 included share repurchases and dividends declared. The company also addressed the convertibility of 3.50% Senior Convertible Notes due 2027, with a current conversion rate of 12.9041 shares per $1,000 principal amount.

The company reaffirmed its full year 2025 outlook and provided an initial outlook for Q2 2025. Revenue is projected to be $165-$170 million for Q2 and $660-$760 million for the full year. Adjusted EBITDA is expected to range from $107-$114 million for Q2 and $400-$495 million for the full year. Diluted EPS and Non-GAAP EPS projections were also provided.

InterDigital will host a conference call on May 1, 2025, to discuss its financial performance. Participants can join via webcast or phone. An internet replay will be available on the company’s website. InterDigital, a global research and development company, focuses on wireless, video, AI, and related technologies, licensing innovations worldwide.



Read more at GlobeNewswire:: InterDigital Announces Financial Results for First Quarter