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Earnings: TiVo Q1 Revs Flat; Net Income Up On Lower Subscription Acquisition Costs

This story was written by Joseph Weisenthal.
After announcing some fresh content deals this morning, DVR maker TiVo (NSDQ: TIVO) has announced Q1 revenue of $60.8 million, up slightly from $60.4 million in the year-ago quarter. The company dramatically scaled back their customer acquisition costs compared to loss quarter, bringing net income to $3.6 million ($.04 per share) from $835,000 ($.01 per share) in the year-ago quarter. While most of the company's expenses were up during the quarter, sales and marketing costs were dialed back to $1.5 million from $5.8 million, and that was the key difference between the two quarters.

Service revenue fell in the quarter to $48.1 million from $54.1, though gains in service and technology revenue made up for this drip. TiVo-owned ARPU fell in the quarter to $8.20 from $9.06.

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