Harmonic Inc. provided unaudited supplemental historical financial information for 2025 reflecting reclassification of its Video business as discontinued operations following the December 8, 2025 Put Option Agreement with LeoneMedia Inc. (d/b/a MediaKind), with the disposition expected to close in the first half of 2026. Continuing operations now consist solely of the Broadband segment.
Key takeaways
Entered Put Option Agreement on December 8, 2025 to sell Video business to LeoneMedia Inc. (d/b/a MediaKind)
Video business disposition expected to close first half of 2026 subject to customary conditions including French works council consultation
Video business classified as discontinued operations in FY 2025 10-K; Q4 GAAP loss from discontinued operations $(55,034) thousand due to goodwill impairment
Exhibit 99.1 provides quarterly 2025 financials for continuing Broadband operations only