Adeia shares surged as much as 32% premarket as the entertainment licensing company boosted its revenue guidance for the full year after it said it has entered into a long-term media IP license pact with Disney.
YEAR FORECAST
- Sees revenue $425.0 million to $435.0 million, saw $360 million to $380 million, estimate $365.8 million (
Bloomberg Consensus )
COMMENTARY AND CONTEXT
- Adeia & Disney
Enter Into Long-Term Media IP License Pact - “As we previously mentioned, we have been pursuing multiple opportunities that if achieved, could result in 2025 revenue being greater than our prior guidance.”
- “Driven primarily by the execution ...