Q2 2026 Xperi Inc Earnings Call Transcript
Key Points
- Overall revenue grew 8% year-over-year to $114 million, with media platform revenue up 44% and connected car revenue up 60%.
- Adjusted EBITDA margin improved to 21% of revenue, up 7 percentage points year-over-year, and non-GAAP EPS more than doubled to $0.28.
- TiVo 1 monthly active users reached 6.3 million, a 70% year-over-year increase, on track to hit the 7 million year-end target.
- Connected car footprint exceeded 17 million vehicles, with BYD joining as the 14th automotive brand, expanding long-term growth potential.
- Advertising and related revenue grew 54% year-over-year, with new monetization milestones including the Cumulus broadcaster portal license and expanded TiVo Channels in 20+ countries.
- Operating cash flow improved to $15 million in Q2, up $5 million year-over-year, and cash balance increased to $91 million.
- Pay TV revenue decreased 11% year-over-year due to core pay TV declines, partially offset by IPTV growth.
- Consumer electronics revenue fell 35% year-over-year due to prior-year minimum guarantee arrangements.
- Advertising and related revenue currently shows a negative 8% gross margin, with profitability not expected until 2027.
- Capital expenditure outlook increased to approximately $25 million due to memory market issues, impacting near-term cash flow.
- TiVo 1 ARPU declined slightly to $6.70 due to footprint growth outpacing revenue growth, though expected to improve later in the year.
- Core pay TV business continues to decline, with balance from IPTV growth not expected until mid-2027 to mid-2028.
Good day everyone, and thank you for standing by. Welcome to the Experian second-quarter 2026 earnings conference call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the call will be open for questions.
I would now like to turn the call over to Sam Levinson from Arbor Advisory Group. Sam, please go ahead.
Good afternoon and thank you for joining us. As experience reports its second quarter 2026 financial results. With me on today's call are John Kirchner, Chief Executive Officer. In today's Ernie's release, present Ernie's presentation on our investorations website at [email protected]. We encourage you to download the presentation and follow along with today's commentary.
Before we begin, I would like to provide a few reminders. First, I would like to that unless otherwise stated, all comparisons are to the same period in the prior year. Second, today's discussion contains forward-looking statements about our anticipated business.
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