Adeia raises long-term revenue target to $600 million
The intellectual property licensor reported second-quarter revenue of $96.1 million.
Adeia (ADEA) reported second-quarter revenue of $96.1 million.
The company shifted its long-term financial targets, raising its annual revenue outlook to $600 million from $500 million. This adjustment followed an increase in the annual revenue target for its semiconductor business to $200 million.
Revenue rose 12.1% year-over-year from $85.7 million in the second quarter of 2024. The result represented a sequential decline from the $104.8 million reported in the first quarter of 2025.
Growth in non-Pay-TV recurring revenue accelerated to 54% year-over-year. This followed a 28% year-over-year increase in the prior quarter.
Adeia expanded its e-commerce customer base to 15 customers across six agreements. The company added 10 new customers during the quarter through a multi-year agreement with RPX.
Adjusted EBITDA margin compressed to 59% from 60% in the first quarter. Operating cash flow also declined sequentially to $54.6 million from $58.5 million.
The company reiterated its full-year 2025 GAAP revenue guidance of $395.0 million to $435.0 million.