SAN JOSE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, today announced that Panasonic Entertainment & Communication Co., Ltd. ("Panasonic"), a global provider of services and products, has agreed to a multi-year renewal of its license for Adeia's media intellectual property (IP) portfolio. As a leading manufacturer of smart and connected TVs and a wide range of consumer electronics, P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39304 ADEIA INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 84-4734590 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organ ...

Adeia (ADEA) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this provider of chip technology for small electronic devices would post earnings of $0.26 per share when it actually produced earnings of $0.27, delivering a surprise of 3.85%.Ove ...

Adeia Inc. (NASDAQ:ADEA) Q1 2024 Earnings Conference Call May 6, 2024 5:00 PM ET Company Participants Chris Chaney - Vice President of Investor Relations Paul Davis - Chief Executive Officer Keith Jones - Chief Financial Officer Conference Call Participants Matthew Galinko - Maxim Group Kevin Cassidy - Rosenblatt Securities Hamed Khorsand - BWS Financial Inc. Operator Good day, everyone. Thank you for standing by. Welcome to Adeia's First Quarter 2024 Earnings Conference Call. During today's presentation, a ...

Exhibit 99.1 FOR IMMEDIATE RELEASE ADEIA ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Paid down $40 million of debt in the first quarter and nearly $200 million since separation Generated over $67 million in cash from operations in the first quarter SAN JOSE, Calif. – May 6, 2024 – Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2024. “The results of our first quarter demonstrate the strength of our business model and continued e ...

SAN JOSE, Calif., May 03, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company known for its innovations in entertainment experiences, announced that the company was honored by Interactive TV Today (ITVT) with an award for Leadership in Interactive and Multiplatform Television in the category of "Achievement in Shoppable TV." Adeia's "Clickable Video" invention was recognized alongside other category winners, including Comcast, DIRECTV, LG and Spectrum, during the TV of Tomorrow (TVOT) Show in San ...

SAN JOSE, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), the company whose patented innovations shape the way the world explores and experiences entertainment, has entered into an agreement with Astound Broadband, a leading provider of digital TV, high-speed internet and phone services for residential and business customers across the United States, to license Adeia's media intellectual property (IP) portfolio. National demand for pay-TV and high-speed internet services has undergone n ...

SAN JOSE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (NASDAQ:ADEA), a company known for its groundbreaking innovations in entertainment experiences, has announced today that Altimedia, a provider of solutions for managing advanced media services, has signed a multi-year license renewal for access to Adeia's media intellectual property (IP) portfolio. Altimedia offers a user experience (UX) platform to pay-TV and digital media service providers in the Korean market. Their platform empowers these p ...

Core News Summary - Adeia Inc has entered into a licensing agreement with Magenta Telekom for its media intellectual property (IP) portfolio [1] - The agreement covers Magenta Telekom's video and pay-TV services in its network service provider operations [2] - Adeia aims to expand its position in the European video services market by investing in innovations such as next-generation discovery, search, and targeted advertising technologies [2] Company Overview Adeia Inc - Adeia is a leading R&D and intellectual property (IP) licensing company specializing in media and semiconductor industries [3] - The company's innovations underpin technology solutions that shape the future of digital entertainment and electronics [3] - Adeia's IP portfolios power connected devices used by millions globally [3] Magenta Telekom - Magenta Telekom is a leading provider of Internet, mobile communications, entertainment, and business solutions in Austria [4] - The company has approximately 2,200 employees and generated sales of around 1.39 billion euros in 2022 [4] - Magenta Telekom offers ultra-fast broadband, mobile communications, and digital life and work technologies [4] Market Context - 86% of Austrian consumers access digital video content, highlighting the significance of digital entertainment services in the region [1] - Magenta Telekom plays a key role in delivering next-generation digital communications and video entertainment services to Austrian consumers [1]

Adeia (ADEA) closed the latest trading day at $10.65, indicating a -1.39% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.72%. Elsewhere, the Dow saw a downswing of 1%, while the tech-heavy Nasdaq depreciated by 0.95%.Shares of the provider of chip technology for small electronic devices have depreciated by 6.82% over the course of the past month, underperforming the Business Services sector's loss of 0.92% and the S&P 500's gain of 2.16%.The investment community wil ...