TiVo Reports First Full Year of Profitability for Fiscal Year Ended January 31, 2009
Monday, March 2nd, 2009
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 fourth quarter and fiscal year ended January 31, 2009.
TiVo-Owned subscription gross additions for the fourth quarter were approximately 59,000, compared to 109,000 gross additions for the year-ago period. The TiVo-Owned monthly churn rate was 1.3%, down from both the third quarter and the year-ago quarter. Overall, TiVo-Owned subscriptions ended the quarter at approximately 1.6 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 January 31, 2009 were 3.3 million.
Subscriptions:
Three Months Twelve Months
Ended Ended
January 31, January 31,
------------ ------------
(Subscriptions in thousands) 2009 2008 2009 2008
---------------------------- ---- ---- ---- ----
TiVo-Owned Subscription Gross Additions 59 109 187 276
Subscription Net Additions/(Losses):
TiVo-Owned (4) 33 (91) 19
MSOs/Broadcasters (121) (155) (520) (518)
---- ---- ---- ----
Total Subscription Net Additions/
(Losses) (125) (122) (611) (499)
Cumulative Subscriptions:
TiVo-Owned 1,654 1,745 1,654 1,745
MSOs/Broadcasters 1,681 2,201 1,681 2,201
----- ----- ----- -----
Total Cumulative Subscriptions 3,335 3,946 3,335 3,946
% of TiVo-Owned Cumulative Subscriptions
paying recurring fees 59% 61% 59% 61%
More: Earnings Release
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