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Adeia signs eight licenses and reduces annual revenue guidance

Adeia signs eight licenses and reduces annual revenue guidance Image: Primary
Adeia signed eight license agreements in the third quarter, including four with new customers, and reduced its 2026 revenue guidance to $375 million to $415 million, according to earnings call highlights published by Yahoo Finance. Agreements included multi-year renewals with Charter and TCL and a new long-term agreement with Fanatics. Quarterly revenue was $80.2 million, while recurring revenue outside pay TV grew 48% year over year. Litigation expense reached $7.2 million, up $1.8 million from the prior quarter. The company lowered its operating expense outlook to $176 million to $180 million.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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