IDCC: Q2 revenue and profitability exceeded guidance, driven by new Amazon and Disney licensing wins
Quartr·- InterDigital reported Q2 revenue of $ 260 million, significantly exceeding its guidance with strong growth in recurring revenue. - The financial outperformance was driven by a new licensing agreement with Amazon and two pan-European injunctions against Disney. - These major milestones successfully boosted business momentum within the streaming and cloud licensing sectors.