Adeia signs long-term IP license agreement with Altice USA

SAN JOSE, Calif. - Adeia Inc. (NASDAQ:ADEA), a technology company currently trading near its 52-week high with a robust 42.5% return over the past year, announced Tuesday it has entered into a long-term intellectual property license agreement with Altice USA, which offers services nationwide as Optimum. The agreement covers Optimum’s internet, cable television and over-the-top streaming platforms.

The deal resolves all outstanding litigation between the companies, according to the press release statement.

Under the agreement, Optimum will utilize Adeia’s portfolio of patented innovations in content discovery, search and personalization technologies. These technologies enable features such as advanced content recommendations and voice search capabilities for Optimum’s customer base.

"This agreement highlights the ongoing value of our IP portfolio in enabling personalized and seamless media experiences for consumers across the country," said Dr. Mark Kokes, Adeia’s chief licensing officer for media, in the announcement.

Adeia describes itself as a research and development and intellectual property licensing company focused on technology solutions for media and semiconductor industries. The company’s innovations support various digital entertainment and electronics applications. According to InvestingPro analysis, Adeia maintains excellent financial health with a 100% gross profit margin and strong liquidity, with current assets more than triple its short-term obligations.

Optimum, a brand of Altice USA (NYSE:ATUS), serves approximately 4.5 million residential and business customers across 21 states, providing broadband, video, mobile, and advertising services.

Financial terms of the licensing agreement were not disclosed in the press release. InvestingPro analysis indicates the company is currently trading below its Fair Value, with 8 additional ProTips available to subscribers, including insights about shareholder yields and dividend consistency over the past 14 years. Discover comprehensive analysis and more detailed metrics in the Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Adeia Inc announced its second-quarter earnings for 2025, which did not meet market expectations. The company reported earnings per share (EPS) of $0.25, slightly below the forecasted $0.26. Additionally, Adeia generated $85.7 million in revenue, missing the anticipated $90.23 million. Despite these shortfalls in earnings and revenue, Adeia’s stock showed stability in aftermarket trading. The company’s stock experienced a minor increase, closing at $12.49. These developments highlight the company’s performance amidst market forecasts and investor expectations.

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