Xperi : Q1 2024 Earnings Conference Call Presentation

Q1 2024 Earnings

May 8, 2024

Safe Harbor

This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation

Reform Act of 1995. All statements contained in this presentation that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding: expectations regarding our future results of operations and financial position, margin expansion and overall growth, including, without limitation, anticipated revenue growth and Adjusted EBITDA margin growth, the deployment by third parties of their products that use our technology, objectives for future operations, and ongoing strategies and operating

initiatives, including, without limitation, expansion expectations, reduction of expenses and our pursuit of strategic

alternatives for Perceive. These forward-looking statements are based on information available to the Company as of the date hereof, as well as the Company's current expectations, assumptions, estimates and projections that involve risks and uncertainties. In some cases, you can identify forward-looking statements by the words "expect," "anticipate," "intend," "plan," "believe," "could," "seek," "see," "will," "may," "would," "might," "potentially," "estimate," "continue," "expect," "target," and similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. These statements involve risks,

uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be

materially different from the information expressed or implied by these forward-looking statements. These risks, uncertainties and other factors are described under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the Securities and Exchange Commission (the "SEC") and our other filings with the SEC from time to time. Any forward-looking statements speak only as of the date of this presentation and are based on

information available to the Company as of the date of this presentation, and the Company does not assume any

obligation to, and does not intend to, publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

2	© 2024 Xperi Inc. All rights reserved.

MISSION	VISION	MARKETS	SOLUTIONS
	WHAT		WHY		WHERE		WHO
Xperi invents,	Smarter technology =	Media Platform		TiVo®
develops, and delivers	Extraordinary experiences	Connected Car		DTS®
technologies that enable					Pay TV	HD Radio
extraordinary experiences				Consumer Electronics	IMAX® Enhanced1

1 IMAX® Enhanced is a certification and licensing program operated by IMAX Corporation and DTS, Inc.

3	© 2024 Xperi Inc. All rights reserved.

Q1 Financial Highlights

• Q1 revenue of $119M, down 6% year over year (Q1 2023 revenue was $127M, including $4.5M from AutoSense and related imaging solutions)
• Total GAAP operating expenses, including cost of revenue, decreased 6% year over year primarily due to the AutoSense and related imaging divestiture
• Non-GAAPadjusted operating expenses* decreased 8%
• GAAP net loss of ($13.4M) and non-GAAP adj EBITDA* of $5.4M (5% of revenue)
• GAAP loss per share of ($0.29) and non-GAAP loss per share* of ($0.05)
• • For further information on supplemental Non-GAAP metrics, refer to the "Non-GAAP Financial Measures" and GAAP to Non-GAAP Reconciliation tables below

4	© 2024 Xperi Inc. All rights reserved.

Growth Solutions

Core Solutions

Media Platform

Markets and

Connected Car

Pay TV

Consumer

Electronics

TiVo OS (Connected TV Advertising)

DTS AutoStage (in-cabin entertainment)

Video-Over-Broadband (IPTV streaming)

HD Radio

Music Metadata

Search & Discovery

Classic Guides

Consumer Hardware & Subs

DTS:X

IMAX® Enhanced1

Audio

1 IMAX® Enhanced is a certification and licensing program operated by IMAX Corporation and DTS, Inc.

5	© 2024 Xperi Inc. All rights reserved.

Monetizable Footprint = ~10M Devices/Households + ~10M Cars Exiting '25

Combining Home + Car illustrates the breadth of our expected monetization reach

		HOME			CAR
	Connected TV /	Video-over-	DTS AutoStage
	Media Platform	Broadband (IPTV)
	FY23	2 Yrs	FY23	2 Yrs	FY23	2 Yrs
Active Footprint	<1M	>7M	1.9M	>2.8M	~5M	>10M
Streaming Hours	140M	>5B	3.0B	~5.4B	-	-
ARPU	<$10	$20-$30	$32	~$40	~$1	>$2
Revenue	$49M1	$190M+	$60M	$100M+	~$5M	$20M+

1 Media Platform revenue is the combination of TiVo OS, TV viewership data, IPG/CTV advertising, and TVOS middleware licensing

6	© 2024 Xperi Inc. All rights reserved.

Media Platform

Additional Japanese global

brand expected to launch smart TVs "Powered by TiVo" across

Europe & U.K. prior to UEFA Euro 2024

Argos, a major U.K. retailer, is selling TVs "Powered by TiVo"

online and in stores now, under

their "Bush" house brand

Vestel is now shipping TVs

"Powered by TiVo" into most

major European countries,

under more than a dozen

brands

7

produced for

Connected Car

HD Radio adoption has steadily expanded to 58% of all cars

North America

Hyundai and Genesis have made HD Radio standard across North American models

DTS AutoStage now deployed in more than six million vehicles worldwide

AutoStage Video Service, Powered by TiVo, now deployed in hundreds of thousands of cars across seven countries

© 2024 Xperi Inc. All rights reserved.

Pay TV

Ended Q1 2024 with over 2M

Video-over-Broadband

(IPTV) subscriber households, continuing the trend of consecutive quarters of

double-digit subscriber growth

Expanded TiVo Broadband

with the signing of three new operators in the quarter -

Midco, Bluepeak, and Buckeye Broadband

9

Consumer Electronics

Disney+ announced "Queen Rock Montreal" and 18 fan-favorite Marvel films will be available for streaming in

the IMAX® Enhanced1 format with DTS:X immersive sound

Completed several DTS:X license renewals with major U.S. consumer electronics manufacturers, including

TCL, Hisense, and Xiaomi

Signed new DTS:X license agreements with major global PC manufacturers, ASUS and MSI, to integrate our decoder onto their motherboards

	1 IMAX® Enhanced is a certification and licensing
	program operated by IMAX Corporation and DTS, Inc.
10	© 2024 Xperi Inc. All rights reserved.