InterDigital (IDCC) Announces Annual Recurring Revenue Target Of $1 Billion By 2030
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InterDigital Announces Annual Recurring Revenue Target Of $1 Billion By 2030
September 16, 2024 8:00 AM EDTWILMINGTON, Del., Sept. 16, 2024 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, has announced targets of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030.
In the past four years, we have almost doubled our revenue, improved our execution across the business, and taken multiple steps to enhance shareholder value, noted Liren Chen, President and CEO, InterDigital. Based on our world-class innovation in wireless, video and AI, accelerating momentum across the business, the large addressable markets available to us, and new greenfield... More
