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Adeia (ADEA)
NASDAQ:ADEA
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.46Last Year’s EPS
$0.27Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -3.05%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The call highlighted significant achievements including new agreements, a strong renewal rate, and financial performance. However, challenges such as the ongoing litigation with Disney, a decline in Pay-TV subscribers, and adjusted revenue guidance due to timing uncertainties balanced the positive aspects.Company Guidance
During Adeia's Q3 2024 earnings call, the company provided updated guidance reflecting a revenue range of $370 million to $400 million for the full year, down from previous expectations due to the potential timing shift of some deals into 2025. Despite this adjustment, the company remains confident in its long-term goal of exceeding $500 million in annual revenue, driven by a robust pipeline of opportunities. The call highlighted Adeia's strategic focus on securing significant agreements in OTT and semiconductor sectors, as well as its success in signing a multiyear e-commerce license agreement with Neiman Marcus. The company reported Q3 revenue of $86.1 million, an EBITDA of $51.3 million, and continued deleveraging efforts with a $12 million accelerated debt repayment. Adeia also announced an increased share repurchase program authorization to $200 million, reflecting confidence in its long-term prospects.Successful E-commerce License Agreement
Closed a multiyear e-commerce license agreement with Neiman Marcus, marking early success in the e-commerce media adjacent market.
High Renewal Rate
Signed 7 deals in Q3, bringing the total to 22 deals for the year, with a renewal rate exceeding 90%.
Strong Financial Metrics
Achieved revenue of $86.1 million and EBITDA of $51.3 million in Q3, with an adjusted EBITDA margin of 60%.
Increase in Share Repurchase Program
Board increased share repurchase program authorization to $200 million, indicating confidence in long-term prospects.
Reduction in Interest Expense
Interest expense decreased by $2.9 million year-over-year due to successful debt repricing and principal repayments.
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ADEA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ADEA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $14.09 | $11.52 | -18.24% |
| Aug 06, 2024 | $9.76 | $10.43 | +6.86% |
| May 06, 2024 | $9.91 | $10.94 | +10.39% |
| Feb 20, 2024 | $11.71 | $11.71 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Adeia (ADEA) report earnings?
Adeia (ADEA) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Adeia (ADEA) earnings time?
Adeia (ADEA) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ADEA EPS forecast?
ADEA EPS forecast for the fiscal quarter 2024 (Q4) is $0.46.
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