Xperi reports robust revenues as TiVo OS gains traction in smart TVs

Xperi, the company that owns the TiVo operating platform, has announced full year revenues of $502 million for 2022, up 3% from the prior year. Q4 was even better, with revenues of $136m during the fourth quarter up 9% year-on-year. The company’s share price jumped around 15% in immediate response to the results.

Jon Kirchner, chief executive officer of Xperi, said the quarter was “underscored by substantial market progress, notable design wins, and strong financial performance. Consumers are demanding higher quality digital experiences and our customers and partners are increasingly selecting our platforms to meet that demand. We are intensely focused on expanding our platform adoption and our recent design wins in Smart TV and Connected Car are a testament to the success of our growth strategy.”

Jon Kirchner,

In terms of operating highlights, Xperi said TiVo’s partner Vestel, the first Smart TV OEM to incorporate the TiVo Operating System, announced the brand lineup for their ‘Smart TVs Powered by TiVo’ will be Vestel, Hitachi, JVC, Daewoo, Regal, and Telefunken. These TVs will feature chipsets from market-leader MediaTek.

Xperi also said that TiVo OS will be integrated onto Amlogic’s 4K and 2K chipsets designed for Smart TVs, “significantly reducing cost and time-to-market for TV OEMs looking to roll-out TiVo’s independent media platform”.

In PayTV, the company said that TiVo IPTV continued its growth in the quarter and finished 2022 with subscribers up 80% and revenue more than double that in 2021.

In other areas, Xperi continues to invest in its Connected Car strategy and has scored several key client wins with DTS:X, its immersive audio technology.