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Xperi (XPER) - 2025 Q2 - Earnings Call Presentation
2025-08-06 21:00
Financial Performance - Revenue reached $105933000[8], a decrease of 11% year-over-year[24] - GAAP operating expenses, including cost of revenue, decreased by 17%[8] - Non-GAAP adjusted operating expense decreased by 23% due to business transformation and cost management[8] - GAAP net loss attributable to the Company was ($15000000) and Non-GAAP Adjusted EBITDA was $15000000, representing 14% of revenue, up 4% year-over-year[8] - GAAP loss per share was ($032) and non-GAAP earnings per share was $011[8] - Operating Cash Flow was $10000000 and Free Cash Flow was $5000000[8] Segment Highlights - Pay TV revenue decreased by 18%, with Core Pay TV decreasing by 37% but IPTV increasing by 24%[24] - Consumer Electronics revenue increased by 9%, or 23% excluding Perceive[24] - Connected Car revenue decreased by 20%[24] - Media Platform revenue increased by 18%[24] - IPTV subscriber growth exceeded 30% across North America and Latin America[18] 2025 Exit Goals - The company aims to exit 2025 with 10 TV partners, 5 million monthly active users on the TiVo One ad platform, and an Annual Revenue Per User (ARPU) exit rate of $10[15] 2025 Financial Outlook - The company projects revenue between $440000000 and $460000000[30] - Adjusted EBITDA Margin is expected to be between 15% and 17%[30]
Telestream Selects Kaltura as Exclusive Video Platform Partner for Sherpa Stream Customer Transition
GlobeNewswire News Room· 2025-07-30 12:00
Core Insights - Kaltura has been selected by Telestream as the exclusive partner for migrating customers from the Sherpa Stream platform, which will go offline by the end of 2025, ensuring a seamless transition to Kaltura's enterprise-grade video solutions [1][2][3] Company Overview - Kaltura's mission focuses on creating AI-infused hyper-personalized video experiences that enhance customer and employee engagement, offering a wide range of products including Video Portals, LMS and CMS Video Extensions, Virtual Events, and TV Streaming Applications [5] - Telestream has been a leader in digital media innovation for nearly three decades, providing solutions that streamline media operations across the entire lifecycle, from capture to distribution [6] Migration Details - A joint task force has been established by Telestream and Kaltura to provide dedicated onboarding support, ensuring a smooth transition for customers, with migrations starting this quarter and educational webinars running through December 2025 [4] - Kaltura's platform is recognized for its AI-driven capabilities and global support, which will benefit Sherpa Stream customers by providing robust analytics and a scalable video strategy [3][4] Strategic Partnership - The partnership between Kaltura and Telestream is aimed at empowering customers to unlock new opportunities in corporate communications, learning, training, live events, knowledge sharing, and cross-enterprise collaboration [1][2] - Kaltura was chosen due to its deep enterprise expertise and commitment to customer success, making it a future-ready solution for Telestream's customers [2][3]
Xperi Revenue Drops 11% in Fiscal Q2
The Motley Fool· 2025-07-29 03:18
Core Insights - Xperi reported Q2 2025 results with non-GAAP revenue of $105.9 million, missing estimates by $10 million, and non-GAAP EPS of $0.11, two cents below consensus [1][2] - The company lowered its full-year guidance for revenue and margins due to a challenging macroeconomic environment [1][13] Financial Performance - Non-GAAP revenue decreased by 11.5% year-over-year from $119.6 million in Q2 2024 [2] - Non-GAAP EPS fell by 8.3% from $0.12 in Q2 2024 [2] - Non-GAAP operating income increased to $8.8 million, up 6.0% from $8.3 million in Q2 2024 [2] - Non-GAAP net income declined by 14.3% year-over-year to $4.8 million [2] - Adjusted EBITDA rose to $15.2 million, a 4.1% increase from $14.6 million in the previous year, with an adjusted EBITDA margin improvement to 14.4% from 12.2% [2][8] Business Overview - Xperi operates at the intersection of entertainment and technology, focusing on software platforms for Smart TVs and connected cars, with brands like TiVo and DTS [3][4] - The company aims to expand its independent media platform and DTS AutoStage infotainment system, emphasizing user growth and monetization through advertising and subscriptions [4][5] User and Device Growth - TiVo One's monthly active users increased from 2.5 million to 3.7 million, on track to exceed the goal of 5 million by the end of FY2025 [5] - DTS AutoStage expanded to 12 million vehicles, up from 11 million, with new partnerships with major automotive brands [6] Strategic Focus - Xperi's strategy includes developing technology platforms for partners, allowing them to monetize content and advertising effectively [9] - The TiVo One Advertising Platform is crucial for attracting advertising revenue, although specific financial metrics were not disclosed this quarter [10] Outlook and Guidance - Management revised FY2025 revenue guidance to $440–460 million from $480–500 million, citing increased uncertainty in the macroeconomic environment [13] - Non-GAAP adjusted EBITDA margin guidance was also lowered to a range of 15% to 17% [13]
UPDATE–Brag House Announces $15 Million Private Placement
Globenewswire· 2025-07-24 22:45
Core Points - Brag House Holdings, Inc. has entered into a securities purchase agreement with twelve accredited investors for a PIPE financing expected to yield approximately $15 million in gross proceeds [1] - The net proceeds from the offering will be used for general corporate purposes, including working capital [2] Securities Details - The company is selling 15,000 shares of Series B Convertible Preferred Stock, convertible into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3] - The offering includes 15,923,567 warrants to acquire the same number of common stock shares, with an exercise price of $0.817 per share, expiring five years from issuance [3] Placement Agent - Revere Securities LLC acted as the sole placement agent for the PIPE financing [4] Regulatory Information - The securities offered have not been registered under the Securities Act and are only available to accredited investors [5] - The company plans to file registration statements with the SEC for the resale of unregistered shares [5] Company Overview - Brag House is a media technology platform focused on transforming college gaming into a community-driven experience, connecting brands with the Gen Z demographic through gamified experiences and live-streaming content [7]
Brag House Announces $15 Million Private Placement
GlobeNewswire News Room· 2025-07-24 19:51
Core Viewpoint - Brag House Holdings, Inc. has entered into a PIPE financing agreement with an institutional investor, expected to generate approximately $15 million in gross proceeds for the company [1]. Group 1: Financing Details - The company is selling 15,000 shares of Series B Convertible Preferred Stock, which can be converted into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3]. - The purchase price for one unit, consisting of one share of Series B Convertible Preferred Stock and the same number of warrants, is $1,000 [3]. - The warrants are exercisable immediately at an exercise price of $0.817 per share and will expire five years from issuance [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for general corporate purposes, including working capital [2]. Group 3: Regulatory Information - The securities offered have not been registered under the Securities Act of 1933 and are only available to accredited investors [5]. - The company plans to file registration statements with the SEC for the resale of unregistered shares from the conversion of Series B Preferred Stock and the exercise of warrants [5]. Group 4: Company Overview - Brag House is a media technology platform focused on transforming college gaming into a community-driven experience, connecting brands with the Gen Z demographic through gamified experiences and live-streaming content [7].