IP licensing firm Adeia misses Q3 revenue estimates, cuts guidance, files lawsuit against AMD

) Overview Adeia Q3 revenue of $87.3 mln missed analyst expectations Adjusted EPS for Q3 was $0.28, missing consensus estimates Company files patent infringement litigation against AMD, affecting revenue guidance Outlook Adeia revises 2025 revenue guidance to $360 mln - $380 mln from $390 mln - $430 mln Company adjusts 2025 net income forecast to $52.4 mln - $71.6 mln Adeia expects 2025 adjusted EBITDA between $202.3 mln and $218.3 mln Result Drivers NON-PAY-TV REVENUE GROWTH - Non-Pay-TV recurring revenue grew 31% YoY, driven by new agreements in semiconductors and media markets LONG-TERM DEALS - Closed long-term media deals, including a renewal with a Pay-TV customer and a new e-commerce customer AI INVESTMENT - Continued investment in AI and innovation, recognized with an industry award for hybrid bonding technology Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 Miss $87.30 $100.70 Revenue mln mln (4 Analysts ) Q3 Miss $0.28 $0.36 (3 Adjusted Analysts EPS ) Q3 EPS $0.08 Q3 Net $8.80 Income mln from Continui ng Operatio ns Q3 Miss $50.70 $56.60 Adjusted mln mln (2 EBITDA Analysts ) Analyst Coverage The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 4 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell” The average consensus recommendation for the it services & consulting peer group is “buy” Wall Street’s median 12-month price target for Adeia Inc is $17.50, about 2.6% above its October 31 closing price of $17.04 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)