Q4 and Full Year 2025 Earnings February 25, 2026 Safe Harbor This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward- looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, incl ...

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]

Financial Highlights - Q1 revenue was $114 million[6] - GAAP operating expenses, including cost of revenue, decreased by 14%[8] - Non-GAAP adjusted operating expense decreased by 17% due to cost transformation initiatives and divestitures[8] - GAAP net loss attributable to the Company was ($18 million), while Non-GAAP Adjusted EBITDA was $16 million, representing 14% of revenue, up more than 200% compared to Q1 2024[8] - GAAP loss per share was ($0.41), and non-GAAP earnings per share was $0.16[8] Business Segment Performance - Pay TV revenue decreased by 12%, with Core Pay TV declining by 30% and IPTV increasing by 25%[25] - Consumer Electronics revenue decreased by 13%, or 5% excluding Perceive[25, 26] - Connected Car revenue increased by 37%[25] - Media Platform revenue decreased by 30%[25] - Reached 2.5 million TiVo One Monthly Active Users as of Q1 2025[13, 14] - Finished with over 2.75 million video-over-broadband (IPTV) subscriber households, up 36% year over year[18] Future Outlook - The Company maintains its outlook for fiscal year 2025 with revenue between $480 million and $500 million and Adjusted EBITDA Margin between 16% and 18%[30]