Revenue Growth in Core Areas
Revenue for the fourth quarter was $122 million, up 2% from the prior year after adjusting for divestitures. Adjusted EBITDA was $23 million for the quarter, representing 19% of revenue compared to $13 million in the prior year quarter.
Successful Business Transformation
The business transformation efforts led to an adjusted EBITDA margin of 15% for the full year, more than doubling year over year.
Connected Car Segment Expansion
DTS AutoStage now has a footprint of over 10 million vehicles, exceeding the original goal of 7 million, with significant growth anticipated in 2025.
TiVo OS Deployment Success
The TiVo OS exceeded its goal of over 2 million activated devices across Europe, with U.S. market expansion underway.
New Partnerships and Product Launches
Eight TV partners were secured, exceeding the year's goal, with several partners being top 10 global TV manufacturers.