TiVo Reports Record Profitability for the Third Quarter Ended October 31, 2008
Tuesday, November 25th, 2008- TiVo received compensation in the amount of approximately $105 million in initial litigation damages from EchoStar
- Net Income for the third quarter was $100.6 million compared to a loss of ($8.3) million in the year-ago quarter. Excluding the EchoStar damages award net loss would have been ($0.9) million
- Adjusted EBITDA for the third quarter was $95.3 million, compared to $0.2 million in the year-ago quarter. Excluding the EchoStar damages award Adjusted EBITDA would have been $7.5 million
- TiVo partners with Netflix to stream its library of over 12,000 videos directly to the TV
- Comcast announces roll out of TiVo service to additional markets
- TiVo extends distribution agreement with DIRECTV; TiVo is now partnered with three of the top five television distributors in the U.S.
- Partnership with Nero brings TiVo to the PC viewing experience
ALVISO, Calif. — TiVo Inc. (Nasdaq: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), today reported financial results for the third quarter ended October 31, 2008.
TiVo-Owned subscription gross additions for the third quarter were approximately 44,000, compared to 69,000 gross additions for the year-ago period. The TiVo-Owned monthly churn rate was 1.4 %, as compared to 1.5% in the prior quarter and compared to 1.3% in the in the year-ago quarter. Overall, TiVo-Owned subscriptions ended the quarter at approximately 1.7 million. As expected, TiVo reported a net decline in MSOs/Broadcaster subscriptions as many of our mass distribution deals are still in early phases of deployment and/or development. Cumulative total subscriptions as of October 31, 2008 were 3.5 million.
Subscriptions:
Three Months Ended October 31, (Subscriptions in thousands) 2008 2007 ------ ------ TiVo-Owned Subscription Gross Additions 44 69 Subscription Net Additions/(Losses): TiVo-Owned (28) 4 MSOs/Broadcasters (135) (134) Total Subscription Net Additions/(Losses) (163) (130) Cumulative Subscriptions: TiVo-Owned 1,658 1,712 MSOs/Broadcasters 1,802 2,355 Total Cumulative Subscriptions 3,460 4,067 % of TiVo-Owned Cumulative Subscriptions paying recurring fees 60% 60%
More: Earnings Release
Latest News
- Movistar Plus+ to create real-time short-form sports video with WSC Sports
- SeaChange to instead be acquired by Enghouse
- Rogers to bring Comcast and Xfinity products to Canada
- OTTera partners with ThinkAnalytics on enhanced personalization
- Televisa selects Synamedia edge gateway and distribution platform
- X Corp confirms intention to launch app for Smart TVs