The following is a summary of the InterDigital, Inc. (IDCC) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 2024 revenue reached approximately $129 million, exceeding guidance,

• Raised 2024 annual revenue guidance by $145 million to $860 million,

• Catch-up revenue contributed $30 million in Q3 while recurring revenue amounted to $99 million,

• Adjusted EBITDA in Q3 was $65 million, significantly surpassing the range of $36 million to $39 million,

• Non-GAAP EPS for Q3 reported at $1.63 per share, well above the anticipated $0.70 to $0.80,

• Cash from operations stood at $78 million with $65 million in free cash flow.

Business Progress:

• Signed a new licensing agreement with Oppo Group covering worldwide sales of Oppo, realme, and OnePlus branded mobile devices,

• Newly formed licensing agreements in Q3 including a deal with TPV, a top ten TV vendor, which also includes licensing for Sony and InterDigital's HEVC video assets,

• Expanded licensing deals with Panasonic covering 4G, 5G, WiFi, and HEVC patents,

• Q4 began with the signing of a binding global arbitration agreement with Lenovo,

• Listed as top patent owners in 5G, WiFi and advanced video compression according to LexisNexis.

Opportunities:

• Growth bolstered by recently initiated and pending licensing agreements leveraged towards significant annual recurring revenue targets,

• Focusing on increasing licensing in smartphone, consumer electronics, IoT, and exploring new opportunities in video streaming services.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.