TiVo trims net losses

Company's third quarter down from last year

TiVo posted improved results in the third quarter, with net losses narrowing to $8.2 million from $11.1 million in the year-earlier period.

Revenue gained 14% to $75.5 million.

Execs touted some positive developments, including deals with NBC to use TiVo data to track viewer habits and with the software maker Nero to extend TiVo’s reach to computers. Some 50 million PC tuners are forecast to be in use by 2011.

A lawsuit charging EchoStar with patent infringement on its DVR offering is also nearing resolution, the company said.

On a day of a broad market rally, struggling TiVo shares tacked on a little more than 1% to close at $5.98.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Biz News from Variety