TiVo Reports First Full Year of Profitability for Fiscal Year Ended January 31, 2009
Monday, March 2nd, 2009ALVISO, 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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