InterDigital Announces Annual Recurring Revenue Target Of $1B And $600M In Adjusted EBITDA By 2030
Portfolio Pulse from Benzinga Newsdesk
InterDigital, Inc. (NASDAQ:IDCC) has set ambitious financial targets for 2030, aiming for $1 billion in annual recurring revenue and $600 million in adjusted EBITDA. This reflects the company's growth strategy in mobile, video, and AI technology R&D.
September 16, 2024 | 12:07 pm
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InterDigital has announced a target of $1 billion in annual recurring revenue and $600 million in adjusted EBITDA by 2030, indicating a strong growth strategy in its core technology sectors.
The announcement of significant financial targets suggests a positive outlook for InterDigital's growth and profitability. Achieving these targets would likely enhance investor confidence and potentially drive the stock price up in the short term.
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