Earnings: TiVo Q4 Revs Fall 3.5 Percent; Net Loss Narrows; Sees Slimmer Loss In '09
This story was written by Joseph Weisenthal.
DVR-maker TiVo (NSDQ: TIVO) has announced Q4 revenue of $74.1 million, down 3.5 percent from $76.8 million in the year-ago period. The company's net loss slimmed to $6.4 million from $19.5 million. The company says its revenue was deflated by $2.5 million due to a change in the revenue recognition period of product lifetimes from 48 months to 54 monthsreducing the amount it takes each month. Without that, revenue would have been practically flat. The company says its strategy remains geared towards selling its boxes via MSOs, though it added 109,000 gross TiVo-owned subscribers in the quarter, compared to 163,000 in the year-ago period. Overall, the number of TiVo-owned subscribers is around 1.75 million.
-- Advertising: The company isn't offering any new hard data on its ad efforts, as the release mainly reiterates predictions that DVRs will play a key role in the ad industry.
-- Outlook: For the coming year, the company is anticipating an unspecified improvement in net loss.
Release | Webcast (5:00 PM ET)
By Joseph Weisenthal