Adeia set for best day in 3 years after Disney deal, FY forecast raise

Adeia

22/12/2025 15:04

** Intellectual property licensing firm Adeia's shares ADEA.O rise 25.2% to $16.04, on track for best day since October 2022

** Co signs long-term agreement with Disney DIS.N for access to its media IP portfolio

** Deal resolves all outstanding litigation between the companies

** ADEA also raises 2025 financial outlook, "driven primarily by the execution of the Disney agreement," says ADEA CEO Paul E. Davis

** It expects FY revenue of $425-435 mln vs prior forecast of $360-380 mln; net income of $96.4-113.9 mln vs prior $52.4-71.6 mln

** Including session's moves, stock up about 15% YTD compared with about 20% increase in the Nasdaq composite index .IXIC

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))