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Xperi Inc. ( NYSE : XPER ) XPERI COMPANY OVERVIEW Updated August 2026 © 2026 Xperi . All rights reserved . XPERI
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2 © 2026 Xperi. All rights reserved. Safe Harbor This Presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Presentation that do not relate to matters of historical fact should be considered forward- looking statements, including, without limitation, statements regarding: expectations regarding our future results of operations and financial position, capital, cash generation, margin expansion and overall goals for growth, including, without limitation, expectations regarding revenue and Adjusted EBITDA Margin growth, ARPU growth, monthly users and subscribers, the deployment by third parties of products that use our technology, objectives for future operations, expected market and revenue trends, and ongoing strategies and operating initiatives, including, without limitation, our monetization goals and expectations, expected product launches and expansion, and other objectives. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company’s current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” "goal," and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions “Risk Factors” and “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”), as updated in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026 filed with the SEC, and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this Presentation and are based on information available to the Company as of the date of this Presentation. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not assume any obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
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Table of Contents 3 © 2026 Xperi. All rights reserved. Company Overview 04 Growth Opportunity 06 Brands 07 Markets and Solutions 08 Media Platform 09 Why We Win 28 Financial Information 29 Capital Allocation 31 Our Opportunity 32 Pay TV 14 Immersive Entertainment 19 Leadership Team 33 Appendix 34
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Overview of Xperi Our mission is to create extraordinary entertainment experiences for consumers by powering a digital entertainment ecosystem with our global partners 4 © 2026 Xperi. All rights reserved. We are a digital entertainment technology company focused on three areas: ▪ Media Platforms / Connected TV Advertising ▪ Pay TV ▪ Immersive Entertainment
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Compelling Business Model 5 © 2026 Xperi. All rights reserved. Our core businesses enable investment into strategic growth opportunities in large and attractive advertising markets Expanding market position due to unique and sustainable competitive advantages Growth strategies are reaching inflection point after multiple years of investment Growth inflection enables increased profitability and cash flow 01 02 03 04
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Our growth opportunities are funded by profitable core businesses Expected Growth Drivers ▪ Smart TV advertising and data monetization ▪ Video-over-broadband subscriber growth ▪ Connected Car growth in licensing and from data analytics and advertising 6 © 2026 Xperi. All rights reserved. Profitable Core Businesses ▪ Pay TV program guides and discovery ▪ HD Radio licensing ▪ Consumer Electronics audio licensing
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7 © 2026 Xperi. All rights reserved. Brands We have four strong brands that drive our business Video entertainment platform on Smart TVs, set -top boxes, and connected cars providing personalized content discovery Immersive audio and video experiences for consumer products and in -cabin automotive Digital broadcast radio delivery Partnership with IMAX to bring the premium experience of IMAX content into the living room IMAX® Enhanced is a certification and licensing program operated by IMAX Corporation and DTS, Inc.
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8 © 2026 Xperi. All rights reserved. Markets & Solutions Our products are sold into three primary markets ▪ Advertising and data monetization: - Connected TV (CTV) - Connected Car ▪ Smart TV middleware Media Platform (LTM revenue $49.5 million, 11% of total)1 Connected Car ▪ HD Radio for AM/FM broadcast ▪ AutoStage infotainment platform licensing for music and video ▪ Music metadata ▪ In-cabin audio solutions Immersive Entertainment (LTM revenue $210.8 million, 46% of total)1 ▪ Interactive programming guides ▪ Video-over-broadband solutions ▪ Personalized content discovery ▪ Consumer DVR subscriptions Pay TV (LTM revenue $196.6 million, 43% of total)1 Consumer Electronics ▪ DTS:X codec for cinema, TVs and mobile ▪ DTS Headphone:X for gaming ▪ IMAX® Enhanced 2 for home and mobile devices 1 See detail on “Financial Information” slide, page 29. 2 IMAX® Enhanced is a certification and licensing program operated by IMAX Corporation and DTS, Inc.
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Media Platform Through our award-winning TiVo video entertainment solutions on Smart TVs, we generate revenue from advertising and data from end- user engagement. 9 © 2026 Xperi. All rights reserved.
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Media Platform Growth Driver: Connected TV Advertising Our Solutions ▪ TiVo OS full stack Smart TV operating system certified in over 40 countries ▪ TiVo One cross screen ad platform managing home screen display and in-video CTV advertising ▪ TiVo video-over-broadband solution for IPTV and broadband streaming 10 © 2026 Xperi. All rights reserved. TiVo OS (Smart TV) Video-over-broadband (IPTV - STB) TiVo One Ad Platform
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Media Platform Growth Driver: Competitive Advantage 11 © 2026 Xperi. All rights reserved. Delivering a best-in-class TV operating system and set- top box user interface and discovery experience Serving as an independent OS provider that does not compete with our TV partners by making our own TVs or e-commerce platform Sharing advertising revenue and data Focusing on the OEM’s branding throughout the experience Enabling a lower-cost, yet highly performant and scalable platform 01 02 03 04 05
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Media Platform Growth Driver: Market and Metrics 12 © 2026 Xperi. All rights reserved. MARKET METRICS (as of June 30, 2026) SELECT CUSTOMERS AND PARTNERS US households spend close to 50% of TV viewership time on streaming, yet less than 30% of video advertising dollars are allocated to streaming 1 & 2 CTV is the main driver of growth in total media time spent - the $38B in-stream video ad market for CTV is expected to grow at 8% CAGR through 2030 3 Xperi's key geographic target markets account for +70% of global revenue in this segment - combined growth in these markets is expected to outpace the global average 3 1 Source: Nielsen, January 2026; 2 Source: eMArketer (via Adwave), 2025; 3 Source PWC, Global Media and Entertainment index, Q2-2026. $0 $10 $20 $30 $40 $50 $60 2026 2030 BILLIONS CTV ADVERTISING 8% CAGR 1,800+ free, ad- supported channels on TiVo+ TiVo+ is streaming 275K+ movies & shows 10 TV OS Partners, including Vestel, Skyworth and Sharp 6.3 million TiVo One monthly active users
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Media Platform Growth Driver: Goals, Metrics and Progress 13 © 2026 Xperi. All rights reserved. Our Goals1 Drive ARPU4 of $20 - $30 (blended) from TiVo One ad platform 7M Users Drive 7 million monthly active users on TiVo One ad platform 10 Partners Sign 10 TV partners globally $20-$30 Metrics & Progress2 ▪ Achieved 6.3 million TiVo One Monthly Active Users3 ▪ Achieved 10 TiVo OS TV partners ▪ ARPU4 of $6.70 (versus stated goal of $10 by end of 2026) 1 Long-Term goals for Users and ARPU shared in September 2022 – expected to be achieved over 3-5 year time horizon; goal of 10 Partners most recently shared in early 2025. 2 As of June 30, 2026. 3 TiVo One Monthly Active User is defined as a unique device that has connected to the TiVo video service, which includes the TiVo One advertising platform, at least once within the last 30 days. The TiVo One advertising platform integrates with the device’s operating system on certain “Powered by TiVo” devices, including smart TVs and video-over-broadband products. 4 Average Revenue Per User for TiVo One ("ARPU") is calculated by dividing advertising and related revenue (excluding automotive-related revenue) for the trailing four quarters by the average number of TiVo One Monthly Active Users during that same period.
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Pay TV We operate a scalable global streaming media platform that provides operators an end-to-end video-over-broadband solution where our primary revenue model is royalties on a per-subscriber basis. 14 © 2026 Xperi. All rights reserved.
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Pay TV Growth Driver: Video-over- Broadband (IPTV) Our Solutions ▪ TiVo Full-service, Scalable, Cloud Native Video-over- Broadband Solutions ▪ AI-Powered Personalized Discovery Platform powered by Industry Leading Metadata Catalogue 15 © 2026 Xperi. All rights reserved.
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Pay TV Growth Driver: Competitive Advantage 16 © 2026 Xperi. All rights reserved. Award-winning streaming video user experience on set-top box, streamer and mobile devices Deeply integrated content discovery technology – universal search, personalized recommendations and targeted advertising across live and streaming video Rapidly deployable and scalable platform Cloud-enabled, high- availability end-to-end streaming video solution Enabling new advertising revenue sources to augment traditional subscription revenue models 01 02 03 04 05
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Pay TV Growth Driver: Market and Metrics 17 © 2026 Xperi. All rights reserved. MARKET METRICS (as of June 30, 2026) SELECT CUSTOMERS AND PARTNERS IPTV subscriber growth across Xperi’s key regions is expected to decline by 1.4% YOY, in parallel with both Cable and Satellite. Subscribers to these legacy platforms are expected to decline by roughly 5% and 14% CAGR, respectively, in these same regions as IPTV remains resilient. 1 Advertising-based Video On Demand (AVOD) / Free Ad- Supported TV (FAST) remains the key growth driver for the space – with content revenue across Xperi’s key regions expected to grow by 13% CAGR to $40B in 2030.1 1 Source: Omdia, TV and Online Video Intelligence, Q2-2026. 0 5 10 15 20 2024 2030 SUBSCRIBERS (M) IPTV (AMERICAS) -1.4% 3.4 Million video- over-broadband (IPTV) subscriber households TiVo users watch 5B hours per year TiVo users watch 5+ hours per day
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Pay TV Growth Driver: Goals, Metrics and Progress 18 © 2026 Xperi. All rights reserved. Our Goal1 3.2M Grow a TiVo IPTV footprint of over 3.2 million total subscriber households, yielding an expected annual run rate of subscriber revenue over $100 million Metrics & Progress2 ▪ Achieved 3.4 million global subscriber households for IPTV, exceeding the goal for 2026 ▪ In Q2 2026, expanded our advertising reach by executing a partnership agreement for Programmatic Dynamic Ad Insertion (PDAI) with the National Cable Television Cooperative (NCTC) ▪ LTM revenue for IPTV of $98.5 million $100+M 1 Long-Term goals for Footprint and Revenue initially shared in September 2022 – expected to be achieved over 3-5 year time horizon. The Footprint goal was subsequently increased in February 2025, with a goal period of fiscal year 2026. 2 As of June 30, 2026.
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Immersive Entertainment 19 © 2026 Xperi. All rights reserved. Connected Car We operate the digital terrestrial radio standard for AM and FM radio in United States and extend our infotainment media platform solutions to connected cars globally. To date, our primary business model is a per-unit license fee. Consumer Electronics We design and deliver innovative audio solutions as embedded software to leading consumer electronics manufacturers who pay us a per-unit license fee.
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Connected Car Growth Driver: High Quality, Immersive Entertainment Our Solutions ▪ HD Radio is the sole digital terrestrial radio standard in North America ▪ AutoStage is a content first media discovery platform integrating radio, streaming audio, podcast and video ▪ DTS:X immersive automotive audio solutions 20 © 2026 Xperi. All rights reserved.
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Connected Car Growth Driver: Competitive Advantage 21 © 2026 Xperi. All rights reserved. Expansive licensing HD Radio, the sole digital terrestrial radio standard in North America Deep in-cabin entertainment integration expertise in support of our customers Strong, multi-decade partnering relationships with Tier 1 and OEM manufacturers Extensive broadcaster relationships globally World class, industry leading audio technology over the last 30 years 01 02 03 04 05
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Connected Car Growth Driver: Market and Metrics 22 © 2026 Xperi. All rights reserved. MARKET METRICS (as of June 30, 2026) SELECT CUSTOMERS AND PARTNERS $0 $5 $10 $15 $20 2024 2029 BILLIONS AUTOMOTIVE INFOTAINMENT 11% CAGR HD Radio available in more than 127 million cars 4.5K+ HD Radio channels in North America 10K+ radio stations globally using Xperi broadcast solutions DTS AutoStage is on the road in more than 140 countries Global light vehicle sales expected to grow at 1.6% annually1 More than 90% of new car sales feature embedded connectivity in Xperi target markets2 The global automotive infotainment market is projected to grow at a CAGR of 11% from 2024 to 20293 Audio is the principal component to car infotainment systems and radio represents more than 57% of total audio ad revenue in the US4 1 Source: IHS Light Vehicle Sales Update, July 2026; 2 Source: Frost and Sullivan, Connected Car; Update, 2025; 3 Source: Frost and Sullivan, Market for Global Automotive Infotainment, 2025; 4 Source: Magna Global, US Media Landscape, 1-2026
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Connected Cars Growth Driver: Goals, Metrics and Progress 23 © 2026 Xperi. All rights reserved. Our Goal1 Expand HD Radio and audio post processing across the connected vehicle space 15M Vehicles Drive DTS AutoStage footprint to 15 Million vehicles globally Expect to launch digital advertising monetization trials in 2026, with commercial launch anticipated in 2027 Metrics & Progress2 ▪ Reached 17 million DTS AutoStage vehicles across 13 automotive brands, exceeding the goal for 2026 ▪ BYD joined the AutoStage program as the 14th automotive brand and has committed to our audio and video solution across export models in its portfolio ▪ Signed Cumulus as the first customer for listening data and analytics from our DTS AutoStage platform3 1 Long-Term goal for AutoStage footprint was initially shared in September 2022 – expected to be achieved over 3-5 year time horizon. The goal was subsequently increased in February 2025, with a goal period of fiscal year 2026. The launch of digital advertising monetization trials goal was provided in February 2025. 2 As of June 30, 2026. 3 Revenue is advertising-related and will be recognized within Media Platform.
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Consumer Electronics Growth Driver: High Quality, Immersive Entertainment Our Solutions ▪ DTS:X audio codec, a global industry standard for immersive audio distribution and playback from cinema to OTT streaming ▪ DTS Audio Processing for enhanced audio presentation across a full range of devices including Smart TVs, soundbars, home AV systems, PCs and mobile-phones; entering market with Clear Dialogue, an AI solution that makes spoken dialogue in TV shows and movies easier to understand ▪ IMAX® Enhanced licensing program for consumer electronic applications 24 © 2026 Xperi. All rights reserved.
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Consumer Electronics Growth Driver: Competitive Advantage 25 © 2026 Xperi. All rights reserved. World class, industry leading audio technology over a span of last 30 years Deep audio integration and tuning expertise in support of our customers Strong content company relationships that support broader DTS codec ecosystem Unique proprietary IMAX® Enhanced content and exclusive licensing program 01 02 03 04
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Customer Electronics Growth Driver: Market and Metrics 26 © 2026 Xperi. All rights reserved. MARKET METRICS (as of June 30, 2026) SELECT CUSTOMERS AND PARTNERSThe Home Audio segments within Consumer Electronics are expected to outpace the entire CE market over the next three years - up 9% YOY to $60Bn - driven largely by consumer demand for higher quality and situational awareness/immersive audio.1 The market for Flat Panel TVs is expected to grow by 3% YOY to $141B in 2028.1 Market growth can be impacted by component shortages (such as memory) and growth will vary across each end product in which Xperi’s products ship. 1 Source: TechInsights, Consumer Electronics Market Data, Q2-2026. $0 $10 $20 $30 $40 $50 $60 $70 2024 2028 BILLIONS HOME AUDIO 9% CAGR 2B+ Devices powered by DTS Technology 275M Gaming Consoles with DTS 650M DTS decoders sold since 2015
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Consumer Electronics Growth Driver: Goals, Metrics and Progress 27 © 2026 Xperi. All rights reserved. Our Goals Expand the IMAX® Enhanced* ecosystem with more content, device partners and licensed devices across AV, mobile and automotive markets Drive overall consumer electronics growth consistent with the market in key categories such as game consoles, AVRs, soundbars Launch Clear Dialogue solution into TV market in 2026 Metrics & Progress1 ▪ Closed a multi-year renewal for DTS audio solutions, including new commitments for DTS Clear Dialogue across multiple TV and PC brands ▪ Renewed DTS agreements with leading TV, audio, and video receiver brands, including Sony, Yamaha, Pioneer, and Insignia ▪ Renewed DTS agreements for PC and mobile devices with MSI and Tecno Reallytek 1 As of June 30, 2026.
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Why We Win 28 Market Needs an Independent and Neutral Media Platform Unlike existing platforms, TiVo allows users choice and control , enables subscriber acquisition and retention for content services, and provides recurring revenue for partners. Xperi Benefits From its Leading IPTV Platform TiVo revolutionized TV with the original DVR and is a leader in IPTV, so TiVo benefits from a long history of developing & delivering innovative, flexible solutions to customers that simplify entertainment for consumers. Award-Winning User Experience Drives Demand and Viewership Leveraging strong content relationships to enable its content-first approach, TiVo redefines streaming to drive increased audience engagement , viewership, and platform revenue . Unique Business Model Powers Ecosystem Adoption Based on decades of experience growing profitable CE and entertainment ecosystems, the TiVo business model is designed to better reward partner adoption compared to competing platforms by sharing user insight and reoccurring monetization revenue. © 2026 Xperi. All rights reserved.
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Financial Information 11% 43%31% 15% LTM 1 Revenue By Market Media Platform Pay-TV Connected Car Consumer Electronics 29 © 2026 Xperi. All rights reserved. 1. Last Twelve Months (“LTM”) = Q3-2025 through Q2-2026. 2. See Appendix for further information and reconciliations on supplemental non-GAAP Adjusted EBITDA and non-GAAP Adjusted EBITDA Margin. 3. Capital Expenditures for property and equipment (PP&E) consist primarily of purchases of computer hardware and software, capitalized internal-use software, information systems, and production and test equipment. $ millions Fiscal Period: 2024 2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 LTM Media Platform 40.8 40.4 8.4 11.8 11.7 17.5 49.5 Pay-TV 259.7 205.7 49.8 56.2 46.0 44.7 196.6 Connected Car 111.1 124.3 34.6 31.3 38.1 40.1 144.1 Consumer Electronics 82.0 77.6 18.8 17.2 18.4 12.2 66.7 Total Revenue 493.7 448.1 111.6 116.5 114.2 114.5 456.8 GAAP Net Loss (0.9) (56.3) (6.1) (17.1) (7.8) (1.5) (32.5) Adjusted EBITDA 2 74.2 77.0 23.1 22.3 25.3 24.5 95.1 Adjusted EBITDA % 2 15% 17% 21% 19% 22% 21% 21% Operating Cash Flow (55.3) (0.5) 7.5 4.1 (18.0) 14.6 8.2 Capital Expenditures 3 16.8 21.0 5.6 6.4 4.8 6.9 23.8 Fiscal Period Ending: 12/31/24 12/31/25 09/30/25 12/31/25 03/31/26 06/30/26 06/30/26 Cash & Equivalents 130.6 96.8 96.8 96.8 70.4 90.6 90.6 Debt 50.0 40.0 40.0 40.0 40.0 40.0 40.0
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Adjusted EBITDA Margin Improving Over Time 0% 5% 10% 15% 20% 25% 30% 35% 2022 2023 2024 2025 2026 Target 30 © 2026 Xperi. All rights reserved. 7% 15% 17-19% Guide ~Breakeven 25-30% Long-Term Goal 17%
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Capital Allocation The company takes a balanced approach to capital allocation: • Investment in growth initiatives and product innovation • Maintain a healthy balance sheet with moderate leverage • Return capital to shareholders through share repurchases 31 © 2025 Xperi. All rights reserved. Share Repurchase Program As of June 30, 2026, there was $80 million available under the current authorized share repurchase program Balance Sheet Q1 2025: paid down $10 million of long-term debt, bringing outstanding balance down to $40 million (as of June 30, 2026) © 2026 Xperi. All rights reserved.
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OUR OPPORTUNITY 32 © 2026 Xperi. All rights reserved. We are uniquely positioned to build an independent media platform in both home and car, creating opportunity for anticipated long term monetization and value creation as digital advertising and consumption grows Media consumption continues to grow significantly, reaching an inflection point as viewership and now ad dollars move from linear to streaming Media Platforms (through which consumers access and consume content) are highly monetizable and targeted Digital advertising expected to grow
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Leadership Team 33 © 2026 Xperi. All rights reserved. Jon Kirchner Chief Executive Officer Robert Andersen Chief Financial Officer Geir Skaaden Chief Products and Services Officer Matt Milne President of TiVo Ads & Chief Revenue Officer Becky Marquez Chief Legal Officer John Pernin Chief Strategy and Corporate Development Officer Kris Graves Chief Human Resources Officer
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Appendix 34 © 2026 Xperi. All rights reserved.
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Bridge: Adjusted EBITDA to Operating Cash Flow 35 © 2026 Xperi. All rights reserved. The company expects to have sufficient capital going forward as the timing of cash generation from minimum-guarantee arrangements and one-time items are less impactful over time Timing differences between revenue recognition and cash collection for minimum-guarantee arrangements is expected to be a source of cash over time One-time expenses have been driven by personnel reductions and business divestitures 1. See Appendix for further information and reconciliations on supplemental non-GAAP Adjusted EBITDA. YTD $ millions FY 2023 FY 2024 FY 2025 FY 2026 Adjusted EBITDA1 34.7 74.2 77.0 49.7 Tax Expense (18.6) (15.4) (13.8) (14.6) Interest Expense (3.1) (3.8) (3.3) (1.7) Unbilled Receivables (19.4) (46.3) (17.3) (22.1) One-Time Expenses - Restructuring (11.0) (16.4) (21.2) (1.6) One-Time Expenses - Divestitures (2.5) (16.2) 0.0 0.0 Accrued & Other Liabilities 3.7 (25.3) (5.7) (1.2) Deferred Revenue 4.2 (2.7) (13.7) (4.6) Other Working Capital Changes 13.5 2.5 0.2 (4.6) Other (1.3) (5.9) (2.8) (2.8) Operating Cash Flow 0.1 (55.3) (0.5) (3.5)
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GAAP to non-GAAP Reconciliation 36 © 2026 Xperi. All rights reserved. (in thousands) 2024 2025 Q3-2025 Q4-2025 Q1-2026 Q2-2026 LTM GAAP net income (loss) $ (869) $ (56,339) $ (6,107) $ (17,085) $ (7,826) $ (1,500) $ (32,518) Adjustments to GAAP net income (loss): Interest expense 3,822 3,258 934 513 856 847 3,149 (Benefit from) provision for income taxes 12,448 15,722 4,805 2,792 10,118 4,826 22,541 Stock-based compensation 60,541 40,683 9,640 8,614 7,836 6,830 32,920 Depreciation expense 12,638 13,426 3,470 3,603 4,261 3,951 15,285 Amortization of intangible assets 43,376 34,839 7,987 7,986 8,044 8,092 32,109 Amortization of capitalized cloud computing costs 4,353 4,236 1,098 973 908 912 3,891 Gain on divestitures (100,833) — — — — — — Loss from deconsolidation of Perceive subsidiary 4,839 — — — — — — Impairment of long-lived assets 1,535 — — — — 197 197 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs 18,858 616 233 364 285 103 985 Severance and retention 13,468 20,545 1,006 14,529 780 204 16,520 Non-GAAP adjusted EBITDA $ 74,176 $ 76,986 $ 23,066 $ 22,289 $ 25,262 $ 24,462 $ 95,079 Non-GAAP Adjusted EBITDA Margin(1) 15.0% 17.2% 20.7% 19.1% 22.1% 21.4% 20.8% (1)Non-GAAP Adjusted EBITDA Margin is calculated by dividing Non-GAAP Adjusted EBITDA, derived as above, by the Company's total revenue, expressed as a percentage.
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GAAP to non-GAAP Reconciliation 37 © 2026 Xperi. All rights reserved. (in thousands) 2023 2024 2025 2026 YTD GAAP net income (loss) $ (139,688) $ (869) $ (56,339) $ (9,326) Adjustments to GAAP net income (loss): Interest expense 3,104 3,822 3,258 1,703 (Benefit from) provision for income taxes 10,042 12,448 15,722 14,944 Stock-based compensation 69,531 60,541 40,683 14,666 Depreciation expense 16,645 12,638 13,426 8,212 Amortization of intangible assets 57,752 43,376 34,839 16,136 Amortization of capitalized cloud computing costs 3,756 4,353 4,236 1,820 Gain on divestitures — (100,833) — — Loss from deconsolidation of Perceive subsidiary — 4,839 — — Impairment of long-lived assets 1,710 1,535 — 197 Transaction, integration and restructuring related costs: Transaction, integration and restructuring costs 7,954 18,858 616 388 Severance and retention 3,866 13,468 20,545 984 Non-GAAP adjusted EBITDA $ 34,672 $ 74,176 $ 76,986 $ 49,724 Non-GAAP Adjusted EBITDA Margin(1) 6.7% 15.0% 17.2% 21.7% (1)Non-GAAP Adjusted EBITDA Margin is calculated by dividing Non-GAAP Adjusted EBITDA, derived as above, by the Company's total revenue, expressed as a percentage.
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Audio technology solutions; founded in 1993, went public in 2003 DVR pioneer; founded in 1997, went public in 1999 Interactive program guides, music/video metadata; founded as Macrovision in 1983, went public in 1997 Personalized entertainment and voice discovery solutions; acquired in 2014 TiVo acquired by Rovi in 2016, combined entity becomes TiVo Corporation Personalized content recommendation and media search services; acquired in 2014 DTS acquired by Tessera in 2016, combined entity renamed Xperi Interactive program guide solutions, video guidance data; acquired in 2008 Audio digital processing company; acquired in 2012 iBiquity Digital, maker of HD Radio, the North American digital standard for radio broadcast; acquired in 2015 + merge in 2020 IPTV platform solutions, acquired in 2021 Smart TV middleware, acquired in 2022 NYSE: XPER Media and entertainment technology company Xperi owns unique assets that are the foundation of our independent media platform We have decades of operating experience 1990s 2000s 2010s 2020s © 2026 Xperi. All rights reserved.