InterDigital Inc 2024年度报告

2024 ANNUAL REPORT A message toour Shareholders In 2024, we drove top-line revenue to an all-time high, increased our profitability on thebottom line, maintained our strong balancesheet to support growth, and delivered morecapital to shareholders. Throughout InterDigital’s history, we havebeen powered by a mission to change the waythat people connect. From the earliest daysof digital telephony, through every generationof cellular communication, and to a future ofmore immersive experiences, driven by wireless,video and AI in combination, we power the waythat people connect with colleagues, speakwith loved ones, and laugh and cry at theirfavorite movies and shows. In our consumer electronics and IoT/Autoprogram, we reported revenues of $269 million,another all-time high and up more than 230%year-over-year. With almost $1 billion in cash, we havemaintained our ability to invest and protectour innovation, while building on ourformidable track record of returning capitalto shareholders. In 2024, we increased ourdividend from 40 cents to 45 cents per shareand then increased it again in the first quarterof 2025 to 60 cents per share. In total, over thelast four years, we have returned almost $680million through buybacks and dividends. It is clear that the more the world becomesinterconnected, the more the world comes todepend on our engineering leadership and,ultimately, our innovation. It is this that drives ourengineers every day, and it is this that leads us todeliver ever more value to our shareholders. In 2024, revenue reached an all-time high of$869 million, an increase of 58% year-over-year.Our adjusted EBITDA was $551 million, up 60%year-over-year, and our non-GAAP earnings pershare was $14.97, up 62% year-over-year. At our 2024 investor day, we announced anew annual recurring revenue target of $1billion-plus and $600 million-plus of adjustedEBITDA by 2030. Through increased execution across thebusiness, through even greater collaborationamong our teams, and through an unrelentingcommitment to excellence in innovation, webelieve that we have put InterDigital in asstrong a position as it has ever been. As we explained at our investor day, wesee significant opportunities to grow in ourcore smartphone program, in our consumerelectronics and IoT/Auto program, and in ourgreenfield opportunity in video services. 2 0 2 4S N A P S H O T $269MRevenueConsumerelectronics & IoT/Auto – an all-timerecord $869MRevenueAll-time record highfor the company 50%IncreaseDividend raised by50% to 60 centsper share Top100Named top 100innovator in theworld In consumer electronics and IoT/Auto, ourperformance in 2024 was a clear demonstrationof our success in diversifying our key revenuedrivers. This included both our agreement withSamsung, the world’s largest manufacturerof smart TVs, and our agreement with TPV, aChinese manufacturer which is rapidly takingmarket share and which sells TVs under a rangeof brands including Envision and Philips. To achieve these goals, we will continue tomarry the power of our research and ourleadership in standards development, with thequality of our patent portfolio and the strengthof our execution across our licensing programs. Our momentum in licensing has acceleratedacross all of our programs. In 2024 we signed14 new license agreements, including a newlicense with OPPO, the world’s fourth largestsmartphone vendor, a new agreement withGoogle, covering a range of devices includingPixel smartphones and wearables, and weagreed to enter into a new license agreementwith Lenovo with the final terms to be decidedin arbitration. These steps ended all litigationbetween us and Lenovo and OPPO. Since 2021, we have now signed more than40 new agreements worth more than $3.6billion in total contract value. At the heart of our video innovation story isboth smarter compression and new capabilitiesfor consumers which improve picture qualityand enhance the user experience. Ourinnovation underpins the viability of theentire streaming industry which is forecast togenerate more than $400 billion in revenuein 2025 across subscription and advertisingsupported platforms, and on social media. Then, in the first quarter of 2025, we closedanother license with a major Chinese handsetmanufacturer, meaning that we now haveseven of the top ten smartphone vendorsunder license. 40+ NewAgreementsSince 2021 Total ContractValue more than$3.6 Billion Early in 2025, we also took a significantstep in our new video services program bystarting enforcement proceedings in multiplejurisdictions against The Walt Disney Companyincluding Disney+, Hulu and ESPN+ . Through the excellence ofour engineers and througheven greater collaborationacross our teams, we mademore than 5,000 new patentfilings in 2024, and our portfolionow stands at almost 34,000assets worldwide. As we have said many times, we alwaysprefer to sign new licenses through amicablenegotiation and most of our agreements aresigned without any litigation. H