{"id":809896,"date":"2025-02-06T08:40:00","date_gmt":"2025-02-06T13:40:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/"},"modified":"2025-02-06T08:40:00","modified_gmt":"2025-02-06T13:40:00","slug":"interdigital-reports-fourth-quarter-and-full-year-2024-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/","title":{"rendered":"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results"},"content":{"rendered":"

\nStrong business performance drove record revenue and EPS in 2024. Increased quarterly dividend by 33%
\n<\/h2>\n
\n

WILMINGTON, Del., Feb. 06, 2025 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December\u00a031, 2024.<\/p>\n

“Our business momentum accelerated through the fourth quarter with revenue up 140% year-over-year to $253 million. 2024 was another outstanding year for the company with record revenue of $869 million, a 58% year-over-year increase, thanks to increased momentum across all of our licensing programs and new agreements with some of the world\u2019s largest device makers,” commented InterDigital CEO and President Liren Chen. “It is clear that our innovation plays a central role in enabling a growing range of devices and services. Earlier this week we filed enforcement actions against The Walt Disney Company, including Disney+, Hulu and ESPN+, over their ongoing and unlicensed use of our innovation. We believe that our technology is crucial to the viability and continued growth of the Disney services, and that we should be fairly compensated for the value of our foundational research over the past several decades, which allows us to continue to invest in the next generation of technology.”<\/p>\n

\n Fourth Quarter and Full Year <\/strong>
\n 2024<\/strong>
\n Results<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Twelve Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
($ in millions, except per share data)<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Change<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Change<\/strong>\n <\/td>\n<\/tr>\n
\n GAAP Results:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenues (a)<\/sup><\/td>\n$252.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$105.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n140%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$868.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$549.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating Expenses<\/td>\n$90.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$80.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$429.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$328.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income 1<\/sup><\/td>\n$133.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$39.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n241%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$358.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$214.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n68%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income 1<\/sup> margin<\/td>\n53%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16 ppt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n39%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2 ppt<\/td>\n<\/tr>\n
Diluted EPS 1<\/sup><\/td>\n$4.09<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n190%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$12.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$7.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP Results:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA 2<\/sup><\/td>\n$198.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$53.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n272%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$551.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$345.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n60%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA margin 2<\/sup><\/td>\n78%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27 ppt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP Net income 3<\/sup><\/td>\n$150.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$37.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n302%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$408.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$254.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n61%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-GAAP EPS 3<\/sup><\/td>\n$5.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n265%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$14.97<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$9.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62%<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Additional Information:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Revenue by program:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Smartphone<\/td>\n$230.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$88.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n162%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$597.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$467.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28%<\/td>\n\u00a0<\/td>\n<\/tr>\n
CE, IoT\/Auto<\/td>\n$21.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$17.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$268.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$80.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n232%<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n$0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$2.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$1.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

(a) Increase is primarily due to catch-up revenues from new agreements signed in 2024, including the Samsung TV and OPPO agreements, as well as revenue recognized on the Lenovo cellular license resulting from the UK proceedings and arbitration agreement.<\/p>\n

\n Return of Capital to Shareholders <\/strong>\n <\/p>\n\n\n\n\n\n\n
(in millions, except per share data)<\/p>\n<\/td>\n\n Share Repurchases<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Dividends Declared<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Total Return
of Capital<\/strong><\/strong>\n <\/td>\n<\/tr>\n
\n Shares<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Value<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Per Share<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Value<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fourth quarter 2024<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n$\u2014<\/td>\n\u00a0<\/td>\n$0.45<\/td>\n\u00a0<\/td>\n$11.6<\/td>\n\u00a0<\/td>\n$11.6<\/td>\n<\/tr>\n
Fiscal year 2024<\/td>\n0.6<\/td>\n\u00a0<\/td>\n$66.7<\/td>\n\u00a0<\/td>\n$1.70<\/td>\n\u00a0<\/td>\n$43.1<\/td>\n\u00a0<\/td>\n$109.8<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The company announced that its Board of Directors has approved an increase in the company\u2019s quarterly cash dividend from $0.45 to $0.60 per share. The increase in the regular quarterly dividend will take effect beginning with the dividend paid in second quarter 2025.<\/p>\n

\n Convertibility of 2027 Notes<\/strong>\n <\/p>\n

Pursuant to the terms of the Indenture governing InterDigital\u2019s 3.50% Senior Convertible Notes due 2027 (the \u201cNotes\u201d), the Notes are convertible during its calendar quarter ending March 31, 2025. The current conversion rate of the Notes is 12.9041 shares of InterDigital\u2019s Common Stock per $1,000 principal amount of the Notes.<\/p>\n

Upon the conversion of any Notes, InterDigital will pay cash up to the aggregate principal amount of the Notes to be converted, and will pay cash, shares of its Common Stock or a combination of cash and shares of its Common Stock for any conversion obligation in excess of the aggregate principal amount being converted, if any, at InterDigital\u2019s election, as set forth in the Indenture governing the Notes.<\/p>\n

At the time InterDigital issued the Notes, InterDigital entered into call spread transactions that together were designed to have the economic effect of reducing the net number of shares that will be issued in the event of conversion of the Notes by, in effect, increasing the conversion price of the Notes from InterDigital\u2019s economic standpoint from $77.49 to $106.22. Refer to Footnote 10 of the Financial Statements from InterDigital\u2019s Form 10-K for the year ended December 31, 2024 for more information.<\/p>\n

\n Near-Term Outlook<\/strong>\n <\/p>\n

The table below presents guidance of the company’s current outlook for first quarter and full year 2025. The outlook for first quarter 2025 covers existing licenses and does not include any new agreements or arbitration results we may sign or receive over the balance of the first quarter.\u00a0\u00a0 The outlook for full year 2025 includes both existing licenses and the expected contributions from both new agreements and arbitration results over the balance of the year.<\/p>\n\n\n\n\n\n\n\n
(in millions, except per share data)<\/td>\n\n Q1 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Full Year 2025<\/strong>\n <\/td>\n<\/tr>\n
Revenue<\/td>\n$112 – $116<\/td>\n\u00a0<\/td>\n$660 – $760<\/td>\n<\/tr>\n
Adjusted EBITDA 2<\/sup><\/td>\n$53 – $60<\/td>\n\u00a0<\/td>\n$400 – $495<\/td>\n<\/tr>\n
Diluted EPS 1<\/sup><\/td>\n$0.58 – $0.79<\/td>\n\u00a0<\/td>\n$6.79 – $9.67<\/td>\n<\/tr>\n
Non-GAAP EPS 3<\/sup><\/td>\n$1.19 – $1.42<\/td>\n\u00a0<\/td>\n$9.69 – $12.92<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Conference Call Information<\/strong>\n <\/p>\n

InterDigital will host a conference call on Thursday, February\u00a06, 2025 at 10:00 a.m. ET to discuss its fourth quarter and full year 2024 financial performance and other company matters.<\/p>\n

For a live webcast of the conference call, visit www.interdigital.com and click on the \u201cWebcast\u201d link on the Investors page. The company encourages participants to take advantage of the webcast option.<\/p>\n

For telephone access to the conference call, visit www.interdigital.com and click on the \u201cDial In Registration\u201d link on the Investors page. Registration is necessary to obtain a dial in phone number and PIN to join.<\/p>\n

A replay of the conference call will be available on InterDigital\u2019s website under Events in the Investors section. The replay will be available for one year.<\/p>\n

\n About InterDigital<\/strong>
\n
\n \u00ae<\/strong>
\n <\/sup>\n <\/p>\n

InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (\u201cAI\u201d), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today\u2019s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding\/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.<\/p>\n

InterDigital is a registered trademark of InterDigital, Inc.<\/p>\n

For more information, visit the InterDigital website: www.interdigital.com.<\/p>\n

For additional financial measures, refer to our Annual Report on Form 10-K for the year ended December 31, 2024 and the financial metrics tracker, which are available on the Investor Relations section of our website.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding our current beliefs, plans and expectations. Words such as \u201cbelieve,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cforecast,\u201d \u201cgoal,\u201d \u201ccould,\u201d “would,” “should,” “if,” “may,” “might,” “future,” “target,” “trend,” “seek to,” “will continue,” “predict,” “likely,” “in the event,” and variations of any such words or similar expressions are intended to identify such forward-looking statements.<\/p>\n

Forward-looking statements are made on the basis of management\u2019s current views and assumptions and are not guarantees of future performance. Forward-looking statements are inherently subject to risks and uncertainties that could cause actual results, and actual events that occur, to differ materially from results contemplated by the forward-looking statements. These risks and uncertainties include, but are not limited to: (i) unanticipated delays, difficulties or accelerations in the execution of patent license agreements on acceptable terms or at all; (ii) our ability to expand our revenue opportunities by entering into licensing arrangements with video streaming and other cloud-based service providers; (iii) the resolution of current legal proceedings, including any awards or judgments relating to such proceedings, and changes in the schedules or costs associated therewith; (iv) our ability to identify and acquire technology and patent portfolios that align with our roadmap; (v) our ability to commercialize our technologies; (vi) the failure of the markets for our current or new technologies to materialize to the extent or at the rate that we expect; (vii) our continued ability to develop new technologies and secure new patents, including the risk of unexpected delays or difficulties related to the development of our technologies; (viii) our continued leadership within standards and industry groups and our ability to ensure our inventions become standardized; (ix) risks associated with our capital allocation strategies, including risks associated with our planned dividend payments and share repurchases; (x) changes in our interpretations of, and assumptions and calculations with respect to the impact on us of, the 2017 Tax Cuts and Jobs Act and other U.S. and non-U.S. tax laws; (xi) the timing and impact of potential regulatory, administrative and legislative matters; (xii) U.S.\/China trade and\/or national security tensions; (xiii) changes or inaccuracies in market projections; (xiv) our ability to retain and hire key personnel; (xv) our ability to enter into sales and\/or licensing partnering arrangements for certain of our patent assets; (xvi) the potential effects that macroeconomic uncertainty could have on our financial position, results of operations and cash flows; (xvii) operational risks, including cybersecurity events, external hazards, human failures or other difficulties with our information technology systems that could disrupt our business or result in the loss of critical and confidential information and\/or increased costs; (xviii) impacts from acts of terrorism, war or political or civil unrest, or any responses thereto, in the United States or elsewhere; (xix) changes in our business strategy; and (xx) risks related to any new accounting standards or our assumptions and application of relevant accounting standards, including with respect to revenue recognition. We undertake no duty to revise or update publicly any forward-looking statement for any reason, except as otherwise required by law.<\/p>\n

\n Footnotes<\/strong>\n <\/p>\n

1 Throughout this press release, net income and diluted earnings per share (\u201cEPS\u201d) are attributable to InterDigital, Inc. (e.g., after adjustments for non-controlling interests), unless otherwise stated. Net income margin is net income attributable to InterDigital, Inc. over total revenues.<\/p>\n

2 Adjusted EBITDA and Adjusted EBITDA margin are supplemental non-GAAP financial measures that InterDigital believes provide investors with important insight into the company’s ongoing business performance. InterDigital defines Adjusted EBITDA as net income attributable to InterDigital Inc. plus net loss attributable to non-controlling interest, income tax (provision) benefit, other income (expense) & interest expense, depreciation and amortization, share-based compensation, and other items. Other items include restructuring costs, impairment charges and other non-recurring items. Adjusted EBITDA margin is Adjusted EBITDA over total revenues. These non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of Adjusted EBITDA to the most directly comparable GAAP financial measure is provided below.<\/p>\n

3 Non-GAAP net income, Non-GAAP EPS, and Non-GAAP weighted-average diluted shares are supplemental non-GAAP financial measures that InterDigital believes provides investors with important insight into the company’s ongoing business performance. InterDigital defines Non-GAAP net income as net income attributable to InterDigital, Inc. plus share-based compensation, acquisition related amortization, depreciation and amortization, restructuring costs, impairment charges and one-time adjustments, losses on extinguishments of long-term debt, the related income tax effect of the preceding items, and adjustments to income taxes. Non-GAAP EPS is defined as Non-GAAP net income divided by Non-GAAP weighted average diluted shares, which adjusts the weighted average number of common shares outstanding for the dilutive effect of the company’s convertible notes, offset by our hedging arrangements. InterDigital\u2019s computation of these non-GAAP financial measures might not be comparable to similarly named measures reported by other companies. The presentation of these financial measures, which are not prepared under any comprehensive set of accounting rules or principles, is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. A reconciliation of each of these metrics to its most directly comparable GAAP financial measure is provided below.<\/p>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n CONSOLIDATED STATEMENTS OF INCOME<\/u>
\n
\n <\/strong>(in thousands except per share data)
(unaudited)
<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Three Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Twelve Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n<\/tr>\n
Revenues<\/td>\n$<\/td>\n252,802<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n105,518<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n868,516<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n549,588<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Research and portfolio development<\/td>\n\u00a0<\/td>\n49,052<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,725<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n196,903<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195,285<\/td>\n\u00a0<\/td>\n<\/tr>\n
Licensing<\/td>\n\u00a0<\/td>\n20,027<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,863<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n169,239<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n79,397<\/td>\n\u00a0<\/td>\n<\/tr>\n
General and administrative<\/td>\n\u00a0<\/td>\n21,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,605<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62,862<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53,291<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total operating expenses<\/td>\n\u00a0<\/td>\n90,276<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n80,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n429,004<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n327,973<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income from operations<\/td>\n\u00a0<\/td>\n162,526<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n439,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n221,615<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense<\/td>\n\u00a0<\/td>\n(11,335<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,906<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(45,421<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(44,817<\/td>\n)<\/td>\n<\/tr>\n
Other income, net<\/td>\n\u00a0<\/td>\n1,842<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,812<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before income taxes<\/td>\n\u00a0<\/td>\n153,033<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,928<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n429,416<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n234,610<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax (provision) benefit<\/td>\n\u00a0<\/td>\n(19,925<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,158<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(70,802<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23,557<\/td>\n)<\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n133,108<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n358,614<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n211,053<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss attributable to noncontrolling interest<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,016<\/td>\n)<\/td>\n<\/tr>\n
Net income attributable to InterDigital, Inc.<\/td>\n$<\/td>\n133,108<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n358,614<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n214,069<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income per common share \u2014 Basic<\/td>\n$<\/td>\n5.23<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14.16<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.97<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2014 Basic<\/td>\n\u00a0<\/td>\n25,438<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,676<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,860<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income per common share \u2014 Diluted<\/td>\n$<\/td>\n4.09<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted average number of common shares outstanding \u2014 Diluted<\/td>\n\u00a0<\/td>\n32,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,640<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,711<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,102<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash dividends declared per common share<\/td>\n$<\/td>\n0.45<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.50<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n SUMMARY CONSOLIDATED CASH FLOWS<\/u>
\n
\n <\/strong>(in thousands)
(unaudited)
<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Twelve Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n<\/tr>\n
\n Cash flows from operating activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n$<\/td>\n133,108<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n358,614<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n211,053<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-cash adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,150<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(63,835<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,876<\/td>\n\u00a0<\/td>\n<\/tr>\n
Working capital changes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,076<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,164<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(169,369<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,196<\/td>\n)<\/td>\n<\/tr>\n
Net cash provided by (used in) operating activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n192,034<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(23,585<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n271,528<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n213,733<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash flows from investing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net (purchases) sales of short-term investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,548<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,039<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n156,660<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(38,667<\/td>\n)<\/td>\n<\/tr>\n
Capitalized patent costs and purchases of patents and property and equipment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(27,553<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13,467<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(62,987<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(44,626<\/td>\n)<\/td>\n<\/tr>\n
Long-term investments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,202<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,444<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,778<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,877<\/td>\n)<\/td>\n<\/tr>\n
Net cash (used in) provided by investing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29,899<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,872<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(85,170<\/td>\n)<\/td>\n<\/tr>\n
\n Cash flows from financing activities:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payments on long-term debt and warrants<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,391<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(141,460<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(100<\/td>\n)<\/td>\n<\/tr>\n
Repurchase of common stock<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(36,976<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(66,726<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(339,704<\/td>\n)<\/td>\n<\/tr>\n
Dividends paid<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,374<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,348<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(41,799<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(39,454<\/td>\n)<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,603<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(970<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,408<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,505<\/td>\n)<\/td>\n<\/tr>\n
Net cash used in financing activities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(21,368<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(48,294<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(272,393<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(388,763<\/td>\n)<\/td>\n<\/tr>\n
Net increase (decrease) in cash, cash equivalents and restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n140,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(82,751<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n108,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(260,200<\/td>\n)<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash, beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n410,780<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n525,712<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n442,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n703,161<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash, end of period<\/td>\n\u00a0<\/td>\n$<\/td>\n551,547<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n442,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n551,547<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n442,961<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n <\/strong>
\n
\n SUMMARY CONSOLIDATED BALANCE SHEETS<\/u>
\n
(in thousands)
(unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31,
2024<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n December 31,
2023<\/strong>\n <\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents and short-term investments<\/td>\n$<\/td>\n958,208<\/td>\n\u00a0<\/td>\n$<\/td>\n1,006,356<\/td>\n<\/tr>\n
Accounts receivable<\/td>\n\u00a0<\/td>\n188,302<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n117,292<\/td>\n<\/tr>\n
Prepaid and other current assets<\/td>\n\u00a0<\/td>\n84,312<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,976<\/td>\n<\/tr>\n
Property & equipment and patents, net<\/td>\n\u00a0<\/td>\n327,174<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n324,567<\/td>\n<\/tr>\n
Other long-term assets, net<\/td>\n\u00a0<\/td>\n277,533<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n278,623<\/td>\n<\/tr>\n
Total assets<\/td>\n$<\/td>\n1,835,529<\/td>\n\u00a0<\/td>\n$<\/td>\n1,770,814<\/td>\n<\/tr>\n
\n Liabilities and Shareholders’ equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current portion of long-term debt<\/td>\n$<\/td>\n456,329<\/td>\n\u00a0<\/td>\n$<\/td>\n578,752<\/td>\n<\/tr>\n
Current deferred revenue<\/td>\n\u00a0<\/td>\n178,009<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n153,597<\/td>\n<\/tr>\n
Other current liabilities<\/td>\n\u00a0<\/td>\n91,472<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n148,779<\/td>\n<\/tr>\n
Long-term deferred revenue<\/td>\n\u00a0<\/td>\n182,119<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n223,866<\/td>\n<\/tr>\n
Long-term debt & other long-term liabilities<\/td>\n\u00a0<\/td>\n70,385<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84,271<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n978,314<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,189,265<\/td>\n<\/tr>\n
Total shareholders’ equity<\/td>\n\u00a0<\/td>\n857,215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n581,549<\/td>\n<\/tr>\n
Total liabilities and shareholders’ equity<\/td>\n$<\/td>\n1,835,529<\/td>\n\u00a0<\/td>\n$<\/td>\n1,770,814<\/td>\n<\/tr>\n<\/table>\n

\n RECONCILIATION OF NON-GAAP MEASURES<\/strong>\n <\/p>\n

The following tables present InterDigital’s GAAP financial measures reconciled to the non-GAAP financial measures included in this release for the fourth quarter and full year periods ended December\u00a031, 2024 and 2023:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Twelve Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (in thousands)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (in thousands)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n<\/tr>\n
\n Net income attributable to InterDigital, Inc.<\/strong>\n <\/td>\n$<\/td>\n133,108<\/td>\n\u00a0<\/td>\n$<\/td>\n39,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n358,614<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n214,069<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss attributable to non-controlling interest<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,016<\/td>\n)<\/td>\n<\/tr>\n
Income tax provision<\/td>\n\u00a0<\/td>\n19,925<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,158<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,802<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,557<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income, net & interest expense<\/td>\n\u00a0<\/td>\n9,493<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,603<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,096<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,995<\/td>\n)<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n17,748<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,094<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n69,913<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,792<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation<\/td>\n\u00a0<\/td>\n17,844<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,876<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,966<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,741<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other items(a)<\/sup><\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,361<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,037<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA <\/strong>
\n
\n 2<\/strong>
\n <\/sup>\n <\/td>\n		$<\/td>\n198,118<\/td>\n\u00a0<\/td>\n$<\/td>\n53,295<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n551,030<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n345,185<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n Twelve Months Ended <\/strong>
\n
\n December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (in thousands, except for per share data)<\/strong>\n <\/td>\n\u00a0<\/td>\n\n (in thousands, except for per share data)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n<\/tr>\n
\n Net income attributable to InterDigital, Inc.<\/strong>\n <\/td>\n$<\/td>\n133,108<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n39,086<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n358,614<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n214,069<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation<\/td>\n\u00a0<\/td>\n17,844<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,876<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,966<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35,741<\/td>\n\u00a0<\/td>\n<\/tr>\n
Acquisition related amortization<\/td>\n\u00a0<\/td>\n8,345<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,145<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,372<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,937<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other operating items (a) <\/sup><\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,361<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,037<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-operating items (b)<\/sup><\/td>\n\u00a0<\/td>\n(201<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,745<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,989<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14,115<\/td>\n)<\/td>\n<\/tr>\n
Related income tax and noncontrolling interest effect of above items<\/td>\n\u00a0<\/td>\n(5,457<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,998<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,327<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,496<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to income taxes<\/td>\n\u00a0<\/td>\n(3,067<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(12,892<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(7,337<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,776<\/td>\n)<\/td>\n<\/tr>\n
\n Non-GAAP net income <\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		$<\/td>\n150,572<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n37,472<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n408,938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n254,397<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average dilutive shares – GAAP<\/strong>\n <\/td>\n\u00a0<\/td>\n32,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,640<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,711<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,102<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Dilutive impact of the Convertible Notes<\/td>\n\u00a0<\/td>\n3,321<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,154<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,393<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n538<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average dilutive shares – Non-GAAP <\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n29,240<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,486<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,564<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Diluted EPS <\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		$<\/td>\n4.09<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12.07<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP EPS <\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		$<\/td>\n5.15<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14.97<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9.23<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

(a) Other items in the above tables include one-time contra-expenses of $4.4 million related to litigation fee reimbursements during the twelve months ended December 31, 2024. The twelve months ended December 31, 2023 includes $7.5\u00a0million of one-time charges for net litigation fee reimbursements and a $2.5\u00a0million one-time impairment on our patents held for sale.<\/p>\n

(b) Other non-operating items includes net (gains) or losses from observable price changes of our long-term strategic investments. Other non-operating items for the three and twelve months ended December 31, 2023 also includes a $4.0 million gain related to a revaluation of our long-term debt recognized in conjunction with our acquisition of the patent licensing business of Technicolor SA and a $0.3 million loss on the deconsolidation of Convida.<\/p>\n

The following tables present a reconciliation between GAAP and non-GAAP versions of the estimated financial measures for the first quarter of fiscal 2025 and full year fiscal 2025 included in this release:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Outlook<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (in millions)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Q1 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Full Year 2025<\/strong>\n <\/td>\n<\/tr>\n
\n Net income attributable to InterDigital, Inc.<\/strong>\n <\/td>\n$19 – $26<\/td>\n\u00a0<\/td>\n$224 – $319<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax provision<\/td>\n5<\/td>\n\u00a0<\/td>\n56<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income, net & interest expense<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n(2<\/td>\n)<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n18<\/td>\n\u00a0<\/td>\n78<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation<\/td>\n11<\/td>\n\u00a0<\/td>\n44<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other items<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA <\/strong>
\n
\n 2<\/strong>
\n <\/sup>\n <\/td>\n		$53 – $60<\/td>\n\u00a0<\/td>\n$400 – $495<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Outlook<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n (in millions, except for per share data)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Q1 2025<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Full Year 2025<\/strong>\n <\/td>\n<\/tr>\n
\n Net income attributable to InterDigital, Inc.<\/strong>\n <\/td>\n$19 – $26<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$224 – $319<\/td>\n\u00a0<\/td>\n<\/tr>\n
Share-based compensation<\/td>\n11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44<\/td>\n\u00a0<\/td>\n<\/tr>\n
Acquisition related amortization<\/td>\n9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n35<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other operating items<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-operating items<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Related income tax effect of above items<\/td>\n(4<\/td>\n)<\/td>\n\u00a0<\/td>\n(17<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to income taxes<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP net income <\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		$35 – $42<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$286 – $381<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average dilutive shares – GAAP<\/strong>\n <\/td>\n33.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Dilutive impact of the Convertible Notes<\/td>\n3.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average dilutive shares – Non-GAAP <\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		29.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Diluted EPS <\/strong>
\n
\n 1<\/strong>
\n <\/sup>\n <\/td>\n		$0.58 – $0.79<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$6.79 – $9.67<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Non-GAAP EPS <\/strong>
\n
\n 3<\/strong>
\n <\/sup>\n <\/td>\n		$1.19 – $1.42<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$9.69 – $12.92<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n
CONTACT:<\/td>\nInterDigital, Inc.<\/td>\n<\/tr>\n
\u00a0<\/td>\ninvestor.relations@interdigital.com<\/td>\n<\/tr>\n
\u00a0<\/td>\n+1 (302) 300-1857<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Strong business performance drove record revenue and EPS in 2024. Increased quarterly dividend by 33% WILMINGTON, Del., Feb. 06, 2025 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December\u00a031, 2024. “Our business momentum accelerated through the fourth quarter with revenue up 140% year-over-year to $253 million. 2024 was another outstanding year for the company with record revenue of $869 million, a 58% year-over-year increase, thanks to increased momentum across all of our licensing programs and new agreements with some of the world\u2019s largest device makers,” commented InterDigital CEO and President Liren Chen. “It is clear that our innovation plays a … <\/p>\n

Continue reading “InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-809896","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nInterDigital Reports Fourth Quarter and Full Year 2024 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Strong business performance drove record revenue and EPS in 2024. Increased quarterly dividend by 33% WILMINGTON, Del., Feb. 06, 2025 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December\u00a031, 2024. “Our business momentum accelerated through the fourth quarter with revenue up 140% year-over-year to $253 million. 2024 was another outstanding year for the company with record revenue of $869 million, a 58% year-over-year increase, thanks to increased momentum across all of our licensing programs and new agreements with some of the world\u2019s largest device makers,” commented InterDigital CEO and President Liren Chen. “It is clear that our innovation plays a … Continue reading "InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T13:40:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1Mzk2OCM2NzM4MTQxIzIwMDQyMzA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results\",\"datePublished\":\"2025-02-06T13:40:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\\\/\"},\"wordCount\":2636,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTM1Mzk2OCM2NzM4MTQxIzIwMDQyMzA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\\\/\",\"name\":\"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results - 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Increased quarterly dividend by 33% WILMINGTON, Del., Feb. 06, 2025 (GLOBE NEWSWIRE) — InterDigital, Inc. (Nasdaq: IDCC), a mobile, video, and AI technology research and development company, today announced results for the fourth quarter and full year ended December\u00a031, 2024. “Our business momentum accelerated through the fourth quarter with revenue up 140% year-over-year to $253 million. 2024 was another outstanding year for the company with record revenue of $869 million, a 58% year-over-year increase, thanks to increased momentum across all of our licensing programs and new agreements with some of the world\u2019s largest device makers,” commented InterDigital CEO and President Liren Chen. “It is clear that our innovation plays a … Continue reading \"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/","og_site_name":"Market Newsdesk","article_published_time":"2025-02-06T13:40:00+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1Mzk2OCM2NzM4MTQxIzIwMDQyMzA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"13 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results","datePublished":"2025-02-06T13:40:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/"},"wordCount":2636,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTM1Mzk2OCM2NzM4MTQxIzIwMDQyMzA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/interdigital-reports-fourth-quarter-and-full-year-2024-financial-results\/","name":"InterDigital Reports Fourth Quarter and Full Year 2024 Financial Results - 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