Connected Car
Recently, we saw that Xperi had signed an agreement with Sharp to sell Tivo OS TVs, which was the second named OEM after Vestel, which will release its products by the end of this year in Europe. Source: XperiAs for its financials, Xperi reported Q2’23 revenues of $126.9 million, a slight uptick from the $126.2 million reported during the same period last year. The company claims a third smart TV OEM has integrated the TiVo OS into their 2024 TV lineup but no indication of who that OEM could be. Additionally, Xperi launched HD Radio in over ten additional models in North America, further expanding its presence in the new car market. Xperi reasserted its fiscal 2023 outlook, expecting revenues in the range of $510 million to $540 million for both GAAP and non-GAAP measures.