Since completing its $1.2 billion merger with TiVo back in 2021, Xperi has struggled to keep hold of its financial reins, marked by its decision to split the product side from the Adeia licensing business in 2022 and drop $109 million on cloud rendering specialist Vewd Software the following year. This prompted investor mutiny from Rubric Capital in 2024, and while Xperi’s CEO Jon Kirchner ultimately won that battle, the company’s long-term finances never buoyed back from the freak Q3 2024 revenue spike, triggering 250 job cuts at the end of 2025 in a bid to keep profits flowing. But instead of setting its sights on steady revenue growth amid this chaos, Xperi promised its shareholders that its Media Platform…