Xperi Focuses on Media IP Amid Pay-TV Slide

August 5, 2021 by Rebecca Day|Intellectual Property

CEO Jon Kirchner highlighted Xperi's media IP business on a Q2 call. (See Q2 materials here.) He called it a top strategic growth area as its pay-TV business declines along with industry trends. Revenue in that segment fell 9% year on year to $54 million, Kirchner said Tuesday. IP licensing revenue was $101.8 million, media IP revenue up 40% as Comcast, Fox, Google and others renewed and/or expanded licenses. Total Xperi sales fell 4.7% to $222.3 million.