Exhibit 99.1 FOR IMMEDIATE RELEASE ADEIA ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Paid down $40 million of debt in the first quarter and nearly$200 million since separation Generated over $67 million in cash from operations in the first quarter SAN JOSE, Calif. – May 6, 2024 – Adeia Inc. (Nasdaq: ADEA) (the “Company” or “Adeia”) today announced financial results for the first quarter ended March 31, 2024. “The results of our first quarter demonstrate the strength of our business model and continued e ...