Xperi targets 25-30% EBITDA margin for product biz; Adeia mid-60%; separation on Oct 1

Adeia Inc.

Anticipated separation of product and IP licensing (Adeia) businesses into stand-alone entities on October 1, 2022.
Product business targets 25-30% EBITDA margin and 'hundreds of millions' in revenue growth over 3+ years.
Adeia IP licensing business targets mid-60% EBITDA margins with growth from patent portfolios and strategic acquisitions.
Virtual investor day webcast held on September 20, 2022, with replay available on Xperi website.

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