TiVo grows subscriber base to 7 millionWednesday, April 20th, 2016
Milestone Represents 27% Growth Since January 2015
SAN JOSE, CA — TiVo Inc. (NASDAQ: TIVO), a leader in next-generation technology connecting consumers to their content, today announced that it has reached 7 million subscriptions for TiVo-enabled platforms deployed by operators in both North America and Europe, including Virgin Media, Vodafone Spain, RCN, Cogeco and Suddenlink. The Company’s total cumulative subscriptions have grown by approximately 1.5 million, or 27%, since January 31, 2015.
Naveen Chopra, TiVo’s Interim CEO, commented, “Our subscription growth tells a clear story: customers and consumers want a simple way to deal with an increasingly fragmented viewing experience — and TiVo continues to be one of the most elegant solutions available. Bottom line, in a world where more content is being delivered from the cloud, our technology is more valuable than ever when it comes to letting people access the content they want, on the device they want, in the way they want.”
Chopra added, “The changes we’re making to our business and the sharper focus on execution will continue to fuel innovation, subscription growth, and enhanced profitability. We are very proud of this milestone, and more importantly, we have an incredible amount of opportunity in front of us and a plan for capturing it.”