Adeia Announces Third Quarter 2024 Financial Results
Adeia Inc. (ADEA)
Company Research
Source: GlobeNewswire
Signed 7 deals across multiple verticals in the third quarterBoard increased share repurchase authorization up to $200 millionFiled patent infringement litigation against DisneySigned a new multi-year e-commerce license agreement with a leading luxury retailer SAN JOSE, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the third quarter ended September 30, 2024. “In the third quarter, we signed 7 deals in multiple verticals including consumer electronics, Pay-TV, OTT and semiconductor. Our financial results remain solid as we delivered $86.1 million in revenue and an EBITDA margin of approximately 60%. We continue to execute on our long-term strategy and we are making significant progress in expanding our pipeline of opportunities in OTT, semiconductor and adjacent media markets. We remain confident in our ability to achieve our long-term revenue growth target. We also continued to make accelerated
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ADEA
News
- Adeia Inc. (NASDAQ: ADEA) had its "buy" rating re-affirmed by analysts at BWS Financial. They now have a $16.00 price target on the stock.MarketBeat
- Adeia Inc. (NASDAQ: ADEA) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $15.00 price target on the stock.MarketBeat
- Adeia Initiates Patent Infringement Litigation Against DisneyGlobeNewswire
- Hammond Power Solutions Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now [Yahoo! Finance]Yahoo! Finance
- Adeia Inc. (NASDAQ: ADEA) had its "buy" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $15.00 price target on the stock.MarketBeat
ADEA
Earnings
- 11/7/24 - Miss
ADEA
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 11/7/24 - Form 8-K
- ADEA's page on the SEC website