Adeia raises 2025 revenue guidance driven by Disney deal execution

Adeia Inc. (NASDAQ: ADEA) announced updated financial guidance for 2025, raising revenue expectations to $425.0-435.0 million from the previous range of $360.0-380.0 million. The intellectual property licensing company attributed the increase primarily to execution of an agreement with Disney.

The company also raised its non-GAAP net income guidance to $169.8-175.9 million, up from $127.4-139.8 million previously. Adjusted EBITDA guidance increased to $257.1-265.1 million from the prior range of $202.3-218.3 million.

Operating expenses are projected to rise to $270.0-274.0 million on a GAAP basis, compared to previous guidance of $260.0-266.0 million. The company said higher operating expenses reflect increased variable compensation due to expected overachievement of performance targets.

"The significant increase in our revenue guidance is being driven by strong deal execution," said Keith A. Jones, chief financial officer. The company expects diluted shares outstanding of 112.0-113.0 million for the year.

Adeia focuses on research and development and intellectual property licensing in the media and semiconductor industries. The company separated from Xperi Inc. in October 2022.

The updated guidance maintains the same interest expense range of $40.0-41.0 million and other income of $5.5-6.5 million. The GAAP tax rate remains at 10.0%-20.0%, while the non-GAAP tax rate stays at 23.0%.

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