Xperi is a media and entertainment technology company that develops software platforms and audio solutions for pay-TV operators, consumer electronics manufacturers, and automotive suppliers worldwide. The company's core offerings include user experience and content discovery solutions for television and video platforms; DTS audio codec and immersive audio technologies deployed across TVs, smartphones, gaming devices, and automobiles; HD Radio for digital terrestrial broadcast; and TiVo OS, a Linux-based operating system that powers Smart TVs and connected vehicles with personalized content recommendations and voice control capabilities. Xperi generates recurring revenue through licensing fees for its technologies and platforms, subscription services, revenue sharing on content and advertising, viewership data licensing, and direct advertising sales, monetizing customer device lifecycles rather than relying solely on one-time transactions.