InterDigital Announces Annual Recurring Revenue Target Of $1 Billion By 2030

Core Insights - InterDigital, Inc. has set ambitious targets of achieving $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030 [1][2] - The company has nearly doubled its revenue over the past four years and has taken steps to enhance shareholder value [2] - InterDigital's leadership believes the company is well-positioned for significant growth due to its innovation in wireless, video, and AI technologies, as well as new market opportunities [2] Company Overview - InterDigital is a global research and development company focused on wireless, video, AI, and related technologies [4] - The company designs foundational technologies that enable connected experiences across various communication and entertainment products [4] - InterDigital licenses its innovations to a wide range of companies, including those in wireless communications, consumer electronics, IoT, and cloud-based services [4]