InterDigital, Inc. revised unaudited preliminary earnings guidance for the fourth quarter ended December 31, 2022. For the quarter, the company expects total revenue to be approximately $114 million, including recurring revenue of $101 million. The update from the company's prior expectation of $98 million to $102 million is driven primarily by new agreements signed in the second half of the quarter.

Net income is expected to be approximately $28 million, or $0.93 per diluted share.