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TiVo losses less than expected

TiVoRemember TiVo?

That is a bit harsh. A lot of people still use the service, its just that it seems a little antique these days.

But perception is not always reality, as TiVo knows today. In fact, the service has improved its revenue nearly 15 million dollars in the last quarter versus what it did a year ago.

Revenue rose from $67.8 million to $82.6 million for the fiscal third quarter. This was better than was expected, as analysts thought that TiVo would lose more money. 

With partnerships with worldwide affiliates across multisystem operators, TiVo added 277,000 new subscribers. That is the biggest addition for TiVo in seven years.

"We are continuing to see impressive subscription growth," said TiVo CEO Tom Rogers. "Our MSO subscription additions underscore that the TiVo offering is helping operators acquire customers, reduce churn and improve revenue per subscriber."

TiVo did lose 22,000 of what it calls "TiVo-owned" subscribers. It now sits at just over 1 million of them. This is a small percentage of its client-base, as it has 3.4 million MSO subscriptions. That number is nearly a milion more than it had a year ago.

Shares of the company rose 1 percent after this was announced, closing at $12.66 today.

My father-in-law is still one of its TiVo-owned subscribers and will be until the day he dies, I imagine. Any other ones out there? Does DVR still hold a purpose with streaming so readily available these days? I watch most programs on Hulu (or Netflix for older series) these days...


Details
Network:
- COOLTV
- Netflix

Written by: Hamatosan
May 20th, 2013, 11:09 am

Images courtesy of Hulu, iTunes

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