Xperi Third-Quarter Media Platform Revenue Doubles as Advertising Growth Accelerates

The Tip Desk · November 4, 2026 · 3 min read

Advertising and related revenue reached $14.9 million in the third quarter as Media Platform revenue doubled year-over-year.

Xperi Inc. (XPER), a media and entertainment technology company, reported third-quarter 2026 revenue of $114.0 million, up 2.1% year-over-year, as advertising and related revenue growth accelerated to approximately 280% year-over-year in the third quarter, from 54% in the prior quarter, as the primary driver of Media Platform revenue doubling.

Total revenue was $114.0 million, up 2.1% from $111.6 million a year earlier, after a approximately 8.1% year-over-year increase in the second quarter. Licensing and other revenue declined to $99.0 million from $107.7 million a year earlier, while advertising and related revenue rose to $14.9 million from $3.9 million.

GAAP operating income swung to a $1.8 million profit from a $1.4 million loss a year earlier. GAAP net loss narrowed to $5.2 million from $6.1 million, or $0.11 a share versus $0.13. Non-GAAP operating income was $17.7 million versus $17.5 million a year earlier. Non-GAAP net income fell to $11.7 million from $12.8 million, or $0.24 a share versus $0.28.

Non-GAAP adjusted EBITDA was $23.0 million with a 20.2% margin, down from $23.1 million and a 20.7% margin a year earlier, after a 61% year-over-year EBITDA increase and a 21.4% margin in the second quarter.

TiVo One Monthly Active Users grew to 6.8 million, a 40% year-over-year increase, after 70% year-over-year growth to 6.3 million in the prior quarter. TiVo One ARPU of $7.65 increased 14% sequentially from the prior quarter. Chief executive Jon Kirchner said the company’s success in building its TiVo One footprint had begun to drive substantial growth in advertising and related revenue.

MediaMarktSaturn, Europe’s largest consumer electronics retailer, selected TiVo OS as the operating-system partner for its private-label TV brand PEAQ, expanding TiVo OS to 11 OEM design partnerships. The company said the win is expected to create a new retail media and commerce opportunity across the TV experience. U.S. distribution for TiVo OS expanded with Element Smart TVs becoming available across major U.S. online retailers.

DTS AutoStage cumulative shipments reached more than 18 million cars across 13 brands, up from 17 million after 42% year-over-year footprint growth in the second quarter. The AutoStage Broadcaster Portal expanded from 300 to 550 U.S. metro areas, with eight additional broadcaster data-monetization agreements. Revenue from the portal is advertising-related and recognized within Media Platform.

Global IPTV subscriber households ended the quarter at 3.42 million, after 13% year-over-year growth to 3.4 million in the prior quarter. The company extended multi-year video-over-broadband agreements with Hotwire and Armstrong and added four Canadian ISP customers.

The company narrowed its 2026 revenue outlook to $450 million to $462 million from $440 million to $470 million. It raised adjusted EBITDA margin guidance to 19% to 21% from 17% to 19%, and raised operating cash flow guidance to $20 million to $30 million from $15 million to $25 million. Capital expenditures remain about $25 million.

CFO Robert Andersen will retire from Xperi in 2027 as part of a planned transition. He will continue in his current role until his successor is on board.