WILMINGTON, DE — InterDigital, Inc. (Nasdaq: IDCC), a leader in wireless and video technology innovation, delivered record-breaking financial results for the fourth quarter and full year 2024. The company reported a 140% year-over-year increase in Q4 revenue, reaching $253 million, and total annual revenue of $869 million, marking a 58% rise compared to 2023. The growth was driven by successful licensing agreements with some of the largest global device manufacturers.
“Our business momentum accelerated through the fourth quarter,” said Liren Chen, CEO and President of InterDigital. “Our innovation plays a central role in enabling a growing range of devices and services.” Chen also spotlighted ongoing enforcement actions filed against The Walt Disney Company for alleged unlicensed use of InterDigital’s patented technology across Disney+, Hulu, and ESPN+.
Dividend Increase and Shareholder Returns
InterDigital’s Board of Directors approved a significant increase in its quarterly cash dividend from $0.45 to $0.60 per share. This change will take effect with the dividend payable on April 23, 2025, to shareholders of record as of April 9. This decision reflects confidence in the company’s sustained growth and strong financial position.
Convertible Notes Update
InterDigital also announced that its 3.50% Senior Convertible Notes due 2027 are convertible during Q1 2025. Based on current conversion rates, the company will issue cash and potentially shares in line with terms designed to limit dilution through pre-existing call spread arrangements.
Near-Term Outlook
For Q1 and full-year 2025, the company projects robust revenue growth driven by existing licenses and anticipated new agreements. InterDigital expects continued momentum as it builds on its licensing success and strengthens its position in the tech industry.
Looking ahead, the company aims to expand its influence in emerging technologies while driving innovation that supports the next generation of devices and services. InterDigital’s financial achievements and strategic initiatives demonstrate its commitment to delivering value for shareholders and advancing its role as a key enabler of technology advancements.
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