<p>Adeia Inc. 最近召开了第三季度财报电话会议，揭示了投资者和分析师之间的复杂情绪。公司报告了非付费电视收入的强劲增长，并获得了新的许可协议，这些都是积极的亮点。然而，针对 AMD 的持续诉讼影响以及随之而来的收入指引调整，抑制了整体的积极表现。尽管面临这些挑战，Adeia 在扩展其专利组合和减少债务方面的战略举措值得称赞，尽管法律问题带来了潜在风险。</p>
<h2>非付费电视经常性收入增长</h2>
<p>Adeia 的非付费电视经常性收入在第三季度同比增长了 31%，自公司分拆以来增长了 81%。这一增长归因于公司在半导体、OTT 和电子商务等新领域的扩展，展示了其成功的多元化战略。</p>
<h2>成功的许可协议</h2>
<p>公司成功签署了两项长期许可协议，包括与主要宽带和视频服务提供商 Altice 的续约，以及与一位电子商务客户的新协议。这使得自去年 Adeia 进入该市场以来，电子商务客户总数达到了四个，突显了其日益增长的影响力和在战略合作伙伴关系方面的成功。</p>
<h2>减少债务</h2>
<p>Adeia 继续致力于减少债务，在本季度支付了 1110 万美元。自分拆以来，公司已将总债务减少了 3.12 亿美元，显示出对财务健康和稳定的强烈关注。</p>
<h2>专利组合扩展</h2>
<p>公司将其专利组合从分拆时的约 9500 项资产扩展到超过 13000 项，增长超过 35%。这一扩展主要得益于在 OTT、人工智能和混合键合等领域的内部研发努力，使 Adeia 在创新方面处于领先地位。</p>
<h2>认可与奖项</h2>
<p>Adeia 连续两年被《美国新闻与世界报道》评选为最佳工作场所。此外，公司在未来记忆与存储会议上获得了最具创新技术的最佳展览奖，彰显了其对卓越和创新的承诺。</p>
<h2>针对 AMD 的诉讼</h2>
<p>Adeia 对 AMD 提起了多项专利侵权诉讼，表明在达成许可协议的商业解决方案方面面临挑战。这场持续的诉讼可能会对公司 2025 年的收入指引产生影响，构成重大障碍。</p>
<h2>调整收入指引</h2>
<p>公司将 2025 年的收入指引范围下调至 3.6 亿至 3.8 亿美元，主要是由于与 AMD 的许可协议不太可能达成。这一调整反映了在确保预期收入来源方面所面临的挑战。</p>
<h2>增加的诉讼费用</h2>
<p>诉讼费用报告为 520 万美元，较上季度有所减少，但由于针对迪士尼和 AMD 的持续案件，仍然相当可观。这些法律挑战继续对公司构成财务负担。</p>
<h2>前瞻性指引</h2>
<p>在财报电话会议上，Adeia 提供了更新的财务指引，报告第三季度收入为 8730 万美元，非付费电视经常性收入同比增长 31%。由于与 AMD 的诉讼，公司将 2025 年的全年收入指引下调至 3.6 亿至 3.8 亿美元。尽管面临这些挑战，Adeia 的项目管道依然强劲，预计在媒体和半导体领域将有多个机会推动 2026 年的收入增长。公司强调其强大的现金状况，在第三季度的运营中产生了 1780 万美元的现金。</p>
<p>总之，Adeia Inc.的第三季度财报电话会议突显了成就与挑战。尽管公司在非付费电视收入方面表现出强劲增长并获得了新的许可协议，但持续的诉讼和调整后的收入指引仍然构成障碍。Adeia 在减少债务和扩展专利组合方面的战略重点使其在未来增长中处于良好位置，但法律挑战仍然是一个关注点。投资者将密切关注这些因素在未来几个季度的表现。</p>

ADEA

<p>Adeia Inc. 在其第三季度财报电话会议中报告了混合的业绩，显示出非付费电视经常性收入同比增长 31% 以及成功的许可协议。然而，针对 AMD 的持续诉讼导致 2025 年的收入指引下调，目前预计在 3.6 亿到 3.8 亿美元之间。公司在减少债务和扩展专利组合方面取得了显著进展，但法律挑战对其财务前景构成风险。尽管面临这些困难，Adeia 对媒体和半导体行业未来的增长机会仍持乐观态度</p>

<p>Adeia Inc. recently held its third-quarter earnings call, revealing a mixed sentiment among investors and analysts. The company reported robust growth in non-Pay TV revenue and secured new license agreements, which were positive highlights. However, the impact of ongoing litigation against AMD and the subsequent adjustment in revenue guidance tempered the overall positive performance. Despite these challenges, Adeia’s strategic initiatives in expanding its patent portfolio and reducing debt were commendable, although legal issues present potential risks.</p>
<div class="lb-trans"><p>Adeia Inc. 最近召开了第三季度财报电话会议，揭示了投资者和分析师之间的复杂情绪。公司报告了非付费电视收入的强劲增长，并获得了新的许可协议，这些都是积极的亮点。然而，针对 AMD 的持续诉讼影响以及随之而来的收入指引调整，抑制了整体的积极表现。尽管面临这些挑战，Adeia 在扩展其专利组合和减少债务方面的战略举措值得称赞，尽管法律问题带来了潜在风险。</p>
</div><h2>Non-Pay TV Recurring Revenue Growth</h2>
<div class="lb-trans"><h2>非付费电视经常性收入增长</h2>
</div><p>Adeia’s non-Pay TV recurring revenue saw a significant increase of 31% year-over-year for the third quarter, marking an impressive 81% growth since the company’s separation. This growth is attributed to the company’s expansion into new verticals such as semiconductors, OTT, and e-commerce, showcasing its successful diversification strategy.</p>
<div class="lb-trans"><p>Adeia 的非付费电视经常性收入在第三季度同比增长了 31%，自公司分拆以来增长了 81%。这一增长归因于公司在半导体、OTT 和电子商务等新领域的扩展，展示了其成功的多元化战略。</p>
</div><h2>Successful License Agreements</h2>
<div class="lb-trans"><h2>成功的许可协议</h2>
</div><p>The company successfully closed two long-term license agreements, including a renewal with Altice, a major broadband and video service provider, and a new agreement with an e-commerce customer. This brings the total to four e-commerce customers since Adeia entered this market last year, highlighting its growing influence and success in securing strategic partnerships.</p>
<div class="lb-trans"><p>公司成功签署了两项长期许可协议，包括与主要宽带和视频服务提供商 Altice 的续约，以及与一位电子商务客户的新协议。这使得自去年 Adeia 进入该市场以来，电子商务客户总数达到了四个，突显了其日益增长的影响力和在战略合作伙伴关系方面的成功。</p>
</div><h2>Debt Reduction</h2>
<div class="lb-trans"><h2>减少债务</h2>
</div><p>Adeia continued its commitment to reducing debt, making payments of $11.1 million during the quarter. Since its separation, the company has reduced its total debt by $312 million, demonstrating a strong focus on financial health and stability.</p>
<div class="lb-trans"><p>Adeia 继续致力于减少债务，在本季度支付了 1110 万美元。自分拆以来，公司已将总债务减少了 3.12 亿美元，显示出对财务健康和稳定的强烈关注。</p>
</div><h2>Patent Portfolio Expansion</h2>
<div class="lb-trans"><h2>专利组合扩展</h2>
</div><p>The company expanded its patent portfolio from approximately 9,500 assets at separation to over 13,000, reflecting a growth of over 35%. This expansion is primarily driven by internal R&amp;D efforts in areas such as OTT, AI, and hybrid bonding, positioning Adeia as a leader in innovation.</p>
<div class="lb-trans"><p>公司将其专利组合从分拆时的约 9500 项资产扩展到超过 13000 项，增长超过 35%。这一扩展主要得益于在 OTT、人工智能和混合键合等领域的内部研发努力，使 Adeia 在创新方面处于领先地位。</p>
</div><h2>Recognition and Awards</h2>
<div class="lb-trans"><h2>认可与奖项</h2>
</div><p>Adeia was recognized as one of the Best Places to Work by U.S. News &amp; World Report for two consecutive years. Additionally, the company received the Best of Show Award for Most Innovative Technology at the Future of Memory and Storage Conference, underscoring its commitment to excellence and innovation.</p>
<div class="lb-trans"><p>Adeia 连续两年被《美国新闻与世界报道》评选为最佳工作场所。此外，公司在未来记忆与存储会议上获得了最具创新技术的最佳展览奖，彰显了其对卓越和创新的承诺。</p>
</div><h2>Litigation Against AMD</h2>
<div class="lb-trans"><h2>针对 AMD 的诉讼</h2>
</div><p>Adeia filed multiple patent infringement lawsuits against AMD, indicating challenges in reaching a business resolution for licensing agreements. This ongoing litigation could potentially impact the company’s revenue guidance for 2025, presenting a significant hurdle.</p>
<div class="lb-trans"><p>Adeia 对 AMD 提起了多项专利侵权诉讼，表明在达成许可协议的商业解决方案方面面临挑战。这场持续的诉讼可能会对公司 2025 年的收入指引产生影响，构成重大障碍。</p>
</div><h2>Adjusting Revenue Guidance</h2>
<div class="lb-trans"><h2>调整收入指引</h2>
</div><p>The company lowered its 2025 revenue guidance range to $360 million to $380 million, primarily due to the unlikely closure of a license agreement with AMD. This adjustment reflects the challenges faced in securing anticipated revenue streams.</p>
<div class="lb-trans"><p>公司将 2025 年的收入指引范围下调至 3.6 亿至 3.8 亿美元，主要是由于与 AMD 的许可协议不太可能达成。这一调整反映了在确保预期收入来源方面所面临的挑战。</p>
</div><h2>Increased Litigation Expenses</h2>
<div class="lb-trans"><h2>增加的诉讼费用</h2>
</div><p>Litigation expenses were reported at $5.2 million, a decrease from the prior quarter, yet they remain significant due to ongoing cases against Disney and AMD. These legal challenges continue to be a financial burden for the company.</p>
<div class="lb-trans"><p>诉讼费用报告为 520 万美元，较上季度有所减少，但由于针对迪士尼和 AMD 的持续案件，仍然相当可观。这些法律挑战继续对公司构成财务负担。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指引</h2>
</div><p>During the earnings call, Adeia provided updated financial guidance, reporting third-quarter revenue at $87.3 million, with non-Pay TV recurring revenue up 31% year-over-year. The company lowered its full-year 2025 revenue guidance to a range of $360 million to $380 million due to litigation with AMD. Despite these challenges, Adeia’s pipeline remains robust, with multiple opportunities in the media and semiconductor sectors expected to drive revenue growth in 2026. The company emphasized its strong cash position, generating $17.8 million in cash from operations during the third quarter.</p>
<div class="lb-trans"><p>在财报电话会议上，Adeia 提供了更新的财务指引，报告第三季度收入为 8730 万美元，非付费电视经常性收入同比增长 31%。由于与 AMD 的诉讼，公司将 2025 年的全年收入指引下调至 3.6 亿至 3.8 亿美元。尽管面临这些挑战，Adeia 的项目管道依然强劲，预计在媒体和半导体领域将有多个机会推动 2026 年的收入增长。公司强调其强大的现金状况，在第三季度的运营中产生了 1780 万美元的现金。</p>
</div><p>In summary, Adeia Inc.’s third-quarter earnings call highlighted both achievements and challenges. While the company demonstrated strong growth in non-Pay TV revenue and secured new license agreements, ongoing litigation and adjusted revenue guidance present hurdles. Adeia’s strategic focus on debt reduction and patent portfolio expansion positions it well for future growth, but legal challenges remain a concern. Investors will be keenly watching how these factors play out in the coming quarters.</p>
<div class="lb-trans"><p>总之，Adeia Inc.的第三季度财报电话会议突显了成就与挑战。尽管公司在非付费电视收入方面表现出强劲增长并获得了新的许可协议，但持续的诉讼和调整后的收入指引仍然构成障碍。Adeia 在减少债务和扩展专利组合方面的战略重点使其在未来增长中处于良好位置，但法律挑战仍然是一个关注点。投资者将密切关注这些因素在未来几个季度的表现。</p>
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Adeia 公司在法律挑战中寻求增长