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

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