InterDigital reported impressive financial results for the fourth quarter and full year 2024, with a significant surge in revenue and earnings per share (EPS). In Q4, revenue increased by 140% year-over-year, reaching $253 million. For the full year, the company achieved record revenue of $869 million, a 58% year-over-year increase. This growth was driven by strong momentum across all of its licensing programs and new agreements with major device manufacturers.
CEO and President Liren Chen highlighted the company's innovation as a key driver of growth, enabling a wide range of devices and services. InterDigital also took legal action against The Walt Disney Company, including Disney+, Hulu, and ESPN+, for their unlicensed use of its technology. The company believes its foundational research is essential to the continued growth of Disney's services and seeks fair compensation for its contributions.
In addition to its financial success, InterDigital announced a 33% increase in its quarterly dividend, further reflecting the company's strong business performance.
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