May 1, 2025
©2025 InterDigital, Inc. All Rights Reserved. 1
Agenda
Q1'25 Highlights
Q2'25 and Annual Guidance Background on InterDigital Appendix
©2025 InterDigital, Inc. All Rights Reserved. 3
Q1'25 Highlights©2025 InterDigital, Inc. All Rights Reserved. 4
Financial Highlights
Revenue, Adj. EBITDAa and Diluted EPS all above the top end of the increased outlook*
Annualized Recurring Revenueb (ARR) up 30% YoY to all-time record of $503 million
Smartphone ARRb up 40% YoY to $416 million
Adj. EBITDAa up 22% to $159 million
Adj. EBITDA margina of 76%, up 27 ppt YoY
Cash balance of $883 million
a Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations
b Please see appendix for a description of this metric and how it is calculated
Business Highlights
Signed new license agreement with vivo Mobile, a major Chinese smartphone vendor
Recognized by LexisNexis as one of the world's 100 most innovative companies fourth year in a row
Honored Martino Freda and Philippe Bordes as 2025 Inventors of the Year
Showcased groundbreaking AI, 6G and immersive video innovations at MWC
Subsequent Events:
In Q2, signed new license agreement with HP
In Q2, demonstrated "HDR Without Limits" alongside partners at NAB 2025
License Agreement With vivo
vivo is one of the largest smartphone manufacturers based in China
License covers >100 million mobile devices shipped annually
Agreement reached through bilateral negotiation
Further validates importance of our foundational innovation and strength of our IP portfolio to drive future growth
Seven of ten largest smartphone vendors and almost 80% of the global smartphone market now under license
Financial Results vs. Outlook
Q1'25 RESULTS | Q1'25 OUTLOOK ( I n c r e a s e d M a r c h 6 , 2 0 2 5 ) | |
Revenue | $210.5M | $202M - $206M |
Adjusted EBITDAa | $159.1M | $143M - $150M |
Diluted EPS | $3.45 | $2.78 - $2.99 |
Non-GAAP EPSa | $4.21 | $3.66 - $3.90 |
aNon-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations.
ARRa
+30% YoY
$503M
Q1'25 ResultsRevenue
<20%> YoY*
$388M
Q1 '24
Q1 '24 Q1 '25
$264M
$211M
Adjusted EBITDAb
+22% YoY
7
6
5
4
3
2
1
0
$4.21
$3.58
Non-GAAP EPSb
+18% YoY
Q1 '24
Q1 '25
76%
49%
$130M
$159M
Q1 '24 Q1 '25
- Adj EBITDA Marginb
9
a Please see appendix for a description of this metric and how it is calculated
Q2'25 and Annual Guidance©2025 InterDigital, Inc. All Rights Reserved. 10
Q2 License Agreement With HP
Multi-year agreement licenses HP personal computers to our WiFi and video decoding technologies
HP is one of the world's largest PC manufacturers
Agreement reached through bilateral negotiation
Further validates importance of our foundational innovation and growth potential beyond our Smartphone program
More than 50% of the PC market now under license
Company Reaffirms FY 2025 Guidance
(as of May 1, 2025)
Q2'25 OUTLOOK | FY25 OUTLOOK | |
Revenue | $165M - $170M | $660M - $760M |
Adjusted EBITDAa | $107M - $114M | $400M - $495M |
Diluted EPS | $1.90 - $2.11 | $6.79 - $9.67 |
Non-GAAP EPSa | $2.67 - $2.90 | $9.69 - $12.92 |
The table above presents guidance of the Company's current outlook for Q2 and full year 2025. The outlook for Q2 covers existing licenses and does not include any new agreements or arbitration results we may sign or receive over the balance of the second quarter. The outlook for FY25 includes both existing licenses and the expected contributions from both new agreements and arbitration results over the balance of the year.
a Non-GAAP Measure / Please see appendix for GAAP to Non-GAAP reconciliations.
Upcoming Investor EventsJune 3
William Blair Growth Stock Conference
Chicago, IL
June 11
Annual Meeting of Shareholders
Virtual
June 4
BofA Tech Conference
San Francisco, CA
June 25
Roth 1x1 Conference
London
June 4
Baird Consumer, Tech & Services Conference
New York, NY
Background on InterDigitalAs of May 1, 2025
©2025 InterDigital, Inc. All Rights Reserved. 14
01
Company
Introduction
Long-term Growth Strategy
Accelerating Business Momentum
05 InterDigital 02
Innovating Today, Empowering Tomorrow
04 03
Premier Team
Essential Technology
Development
©2025 InterDigital, Inc. All Rights Reserved. 15
InterDigital Pioneering Wireless, Video and AI ResearchH I GH L I GH T S
World-class team Led by seasoned industry veterans
Driving foundational research in wireless, video & AI since 1972
Industry-leading patents Evergreen patent portfolio of
*TCV = total contract value
a Non-GAAP financial measure. Refer to non-GAAP reconciliation in appendix
2024
Financial Results
$869M
Revenue
$14.97
Non-GAAP EPSa
58% YoY
62% YoY
63%
Adj. EBITDA
Margina
~$1B
Cash
TOP CUSTOMERS:
~34,000 assets
Long-term customers
Subscription-like revenue,
$3.6B+ in TCV* added since the start of 2021
Enabling ecosystem Over two billion devices and $5.7T economic value annually
World-Class Leadership TeamDecades of industry experience. Strong track record. Drive deep collaboration and superb execution
Liren Chen
CEO
Rajesh Pankaj
CTO
Julia Mattis Chief Licensing Officer (Interim)
Rich Brezski
CFO
Michael Cortino Chief Information Officer
Ken Kaskoun
Chief Growth Officer
Skip Maloney
Chief People Officer
Joshua Schmidt
Chief Legal Officer
Robert S. Stien Chief Communications & Public Policy Officer
IP as a Service Business Model: A Virtuous Cycle of Innovation
We are a foundational R&D company. We share our innovation through the standards process and monetize our technology through IP licensing.
PATENT
PORTFOLIO
LICENSING
RESEARCH & INNOVATION
$
STANDARD
DEVELOPMENT
TECHNOLOGY SHARING
PRODUCT
IMPLEMENTERS
We Focus on Foundational Technologies
We solve the most complex problems in the system.
The technology we created is broadly applicable to many industries
W I REL ESS
Cellular wireless - 4G/5G/6G
WiFi and wireless local area networks
VI DE O
Video compression, transport and enhancement
Immersive media compression, transport and enhancement
A I
Using AI for wireless and video Video coding for use by AI
Our research and patents in these areas underpin our business
InterDigital Tech Underpins Surging Mobile Traffic
Video Drives Surge in Mobile Data Traffic
Estimated global media traffic by application category (in exabytes per month)*
10.8 EB
90.4 EB
282.8
2017
2022
2027 EB
0 50 100 150 200 250 300
* One exabyte equals one million terabytes. Source: Ericsson Mobility Report Video Other
Our Innovations Help Drive Video Codec Evolution
4K Movie
130-Minute Run Time
Uncompressed: 11,600GB Compressed
(1) https://http://www.iam-media.com/litigation/what-will-tv-cost-you-putting-price-hevc-licences
(2) Approximated based on the result from 3GPP document https://www.3gpp.org/ftp/Specs/archive/26_series/26.955/26955-h00.zip Source: Counterpoint, WINXDVD
The Power of the Global Standards SystemC O N SUM ERS
A global system of standards helps ensure interoperability
I M P L EM EN T ERS
Standards like 5G lower barriers to entry for new entrants into a market like smartphones and benefit from economies of scale
O P ERA T O RS A N D SERVI C E
P RO VI DERS
Standards increase system capacity and lower the total cost of ownership
InterDigital Drives Standard Development
U N IT IN G P R IN C IP L E S
Strong belief in global standards
Focus on technology merits and neutral on product implementation decisions
ST RO N G L EA D ERS H I P
Participate in 100+ standard development organizations (SDO)
Hold more than 100 leadership positions in these SDOs
B R OA D COL L A B OR A T I ON S
Collaborate with many industry partners and leading universities
Our technologies benefit the whole eco-system: billions of devices and many cloud-based services each year
We Have Many Standard Development Leadership Positions
Cellular & WiFi Standards
RAN2 | SA6 | ETSI Board Member | RIS ISG | PDL | SAI | Steering Group Co-Chair | SA Board of Governors | AIML Standing | Internet WG |
Chair | Chair | ISAC ISG Chair | Chair | Vice Chair | Vice Chair | 6G Roadmap Vice-Chair | Policy & Procedures | Committee | Vice Chair |
C/SAB Chair | Chair |
Video Standards
NNVC | Beyond VVC | Beyond VVC | AI AHG | Haptic AHG | Steering Board | TSAG |
Co-Chair & SW Chair | Co-Chair of | Co-Chair of | Co-Chair | Chair | Member | Vice Chair |
Two AHG | Two AHG | AI-PCC Chair |
Sphere of Influence Growing: More than 100 Leadership Positions in Wireless & Video Standards
Radio Access Network (RAN)
Services & System Aspects (SA)
WG6
Smart Card Application Aspects
WG4
Core Network Protocols
WG3
Interworking With External Networks
WG1
User Equipment To Core Network Protocols
WG6
Mission-critical Apps
WG5
Telecom Management
WG4
Codec
WG3
Security
WG2
System Architecture
WG1
Services
Core Network & Terminals (CT)
One Of Only Three Companies with Multiple 3GPP Chair Positions
WG1 Radio Layer1 | ||
WG2 Radio Layer 2/3 | ||
WG3 Architecture & Related Network Interfaces | ||
WG4 Radio Performance & Protocol Aspects | ||
WG5 Mobile Terminal Conformance Test | ||
For the fourth year in a row, LexisNexis recognized InterDigital amongst the
World's 100 Most Innovative Business.
Innovation Momentum 2025: The Global Top 100, "represents the world's leading patent owners with the highest innovation momentum."
2022: 2023: 2024: 2025:
Innovation Engine Fuels Evergreen IP Portfolio
Our patent portfolio grew > 70% between 2017 & 2025 with the addition of video & DTV related technologies and continuing growth of wireless assets
2017: 2025:
Portfolio is evergreen, growing by
~6 new patents each day
~19,000 Assets ~34,000 Assets
InterDigital Ranks Among the Highest in Patent Quality for 5G, Video Codec, and WiFi Patents
5G Patent Holders
0 5 10 15
Average Competitive Impact
Video Codec Patent Holders
0 2 4 6 8
WiFi Patent Holders
0 2 4 6 8
InterDigital Company # 2
Company # 3
Company # 4
Company # 5
Company # 6
Company # 7
Company # 8
Company # 9
Company # 10
Company # 1
Company # 2
Company # 3
Company # 4 InterDigital Company # 6
Company # 7
Company # 8
Company # 9
Company # 10
InterDigital Company # 2
Company # 3
Company # 4
Company # 5
Company # 6
Company # 7
Company # 8
Company # 9
Company # 10
Source: LexisNexis PatentSight Jan 2025, top 10 Patent Asset Index owners
5G = 5G 3GPP ETSI declared, Video Codec = HEVC, VVC, AVC LexisNexis classification, WiFi = WiFi 4, WiFi 5, WiFi 6 LexisNexis classification
Accelerating Business Momentum©2025 InterDigital, Inc. All Rights Reserved. 29
Licensing Success Drives ARRa Growth
More than 40 licenses with TCV > $3.6B closed since the start of 2021
$550M
$500M
$450M
$400M
$350M
$300M
2020 | 2021 | 2022 | 2023 * | 2024 | Q1'25 |
$250M
Apple & Samsung Renewals Fortify Base
*Currently in binding arbitration to set royalty a Please see appendix for a description of this metric and how it is calculated
©2025 InterDigital, Inc. All Rights Reserved. 30
| Attention: This is an excerpt of the original content. To continue reading it, access the original document here. |
Attachments
- Original document
- Permalink
Disclaimer
InterDigital Inc. published this content on May 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2025 at 12:42 UTC.
