By Jonathan Easton
TiVo parent company Xperi has said that it is on course to launch the first TiVo Stream OS-powered TVs in late 2023 or early 2024.
Stream OS is TiVo’s play to create an aggregation and discovery-oriented rival to the likes of Android TV and Apple TV. It is integrated into its TiVo Stream 4K devices at present, with plans to partner with smart TV OEMs to integrated it directly within the TV operating system.
Speaking during Xperi’s Q1 2022 results earnings call, CEO Jon Kirchner said: “[Media platform] is our fastest-growing category, and we expect double-digit growth in this category in 2022, mostly driven by expansion in our advertising-based monetisation revenue. At the same time, we’re focused on partnerships with TV OEMs, chipset partners and content providers to bring the first TVs powered by TiVo Stream OS in late 2023 or early 2024.
“During the quarter, we announced the integration of YouTube TV into TiVo Stream 4K and TiVo Stream OS, strengthening the premium live TV viewing experience. Additionally, we launched TiVo Xtend, an end-to-end advertising solution that enables incremental reach and frequency opportunities for Connected TV advertisers. We also advanced the TiVo Stream ecosystem development across content partners, OEMs and chipset providers.”
During the quarter, Xperi recorded revenues of US$257.4 million, up 16 per cent year-over-year. The IP licencing business had revenue of US$138.5 million, with the Product business at US$118.9 million, with the latter driven by strong IPTV solution growth.
Kirchener said: “We are off to a good start for the year, delivering revenue growth of 16% in the first quarter, primarily due to the previously announced Micron agreement. The top line strength, combined with our progress on key strategic initiatives, positions us well to deliver on our full year 2022 outlook, which we are reaffirming today. We are also excited about the long-term value creation potential of our soon-to-be completed business separation, which remains on track for this fall.”
