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]