Adeia Achieves Record Q4 $182.6M Revenue, Signs Major Disney and Microsoft Licenses
Adeia delivered record Q4 revenue of $182.6 million, achieving quarterly highs in operating income and adjusted EBITDA at $133.9 million, with GAAP EPS of $0.65 and net income of $73.7 million. Full-year 2025 revenue rose to $443.4 million, driven by 26 new licensing agreements with key partners including Disney and Microsoft, while reducing debt by $60 million and repurchasing $20 million of stock.
1. Record Fourth Quarter Results
Adeia closed the fourth quarter with revenue of $182.6 million and GAAP net income of $73.7 million, marking quarterly records in operating income and adjusted EBITDA of $133.9 million. The company generated $60.0 million in operating cash flow, paid down $21.1 million on its term loan and repurchased $10.0 million of common stock.
2. Full Year 2025 Performance
For full-year 2025, Adeia reported revenue of $443.4 million, up from $376.0 million in 2024, with GAAP net income of $111.1 million and adjusted EBITDA of $277.6 million. Cash flow from operations reached $158.1 million, debt repayments totaled $60.4 million and stock repurchases amounted to $20.0 million, while non-Pay-TV recurring revenue grew 22%.
3. Key License Agreements and Partnerships
During Q4, Adeia signed nine deals, including a long-term license agreement with Disney that resolved outstanding litigation, plus new agreements with two other OTT providers and a Japanese consumer electronics customer. In January 2026 the company also secured a multi-year license agreement with Microsoft, underscoring expansion across OTT, Pay-TV, consumer electronics and semiconductor sectors.
4. 2026 Financial Outlook
Adeia’s guidance for full-year 2026 targets revenue of $395.0–435.0 million with non-GAAP adjusted EBITDA of $213.4–245.4 million. The outlook assumes operating expenses of $184.0–192.0 million on a non-GAAP basis, interest expense of $34.0–36.0 million and a tax rate near 21%, positioning the company for continued profitable growth.