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TiVo beats analysts' predictions

6 March 2008 18:29 by James "Dela" Delahunty | 4 comments

TiVo Inc. has defied the predictions of analysts by making a quarterly loss of $6.4 million. Improved sales of older DVR hardware and reduced expenses influenced the loss, which is about 6 cents per share, much lower than the 20 cents per share (about $19.5 million) loss made in the fourth quarter of the previous year. TiVo has never held a profitable quarter but Chief Executive Tom Rogers thinks its day is coming soon.

Analysts had previously forecast on average a loss of 11 cents per share for the fourth quarter. However, with the better results, Rogers assured investors in a phone conference on Wednesday that the company was narrowing the gap towards profitability as it keeps adding cable and satellite providers to its list of partners.

Cox Communications announced on Wednesday that it will be running a trial in New England markets with a set-top-box that uses TiVo technology, the same technology rolled out in the fourth quarter by Comcast. Rogers also said that sales for stand-alone DVRs would rise responding to demand for content downloaded from the Internet.

He also predicted increased revenues from the company's StopWatch service, which allows advertisers to pick what commercials viewers see. "It will be critical for advertisers to become experts in consumption patterns in DVR homes, and we are the only player out there providing them with both new forms of inventory as well as measurement and accountability tools that enable them to better assess how to reach the television audience increasingly looking to avoid commercials," Rogers said.

For the year, TiVo lost $31.4 million, or 32 cents per share, which is 34% less than in fiscal 2007. "This is TiVo's best annual performance in its history," Rogers told investors.

Permalink to this article | Topics: HDTV Home Theater

Now playing on TiVo: ads from Amazon.com (23 July 2008)

Tivo to offer new service using TV critic's recommendations (29 May 2008)

Comcast wants a P2P "Bill of Rights" (16 April 2008)

Rogers to compress HD quality, like Comcast (6 April 2008)

TiVo 9.3 update to speed up interface (3 April 2008)

DirecTV begins beta testing video on demand (13 March 2008)

ABC and Comcast remove Fast Forward from VOD offering (25 February 2008)

US DTV vouchers to be mailed next week (15 February 2008)

TiVo gets a victory in Dish Network appeal (2 February 2008)

Comcast TiVo interface officially introduced in Boston (23 January 2008)

TiVo makes deal to bring indie movies to its set top box (18 January 2008)

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Discuss this article!
sssharp (Junior Member) 6 March 2008 19:34
If they lose money yearly, what is keeping this company alive? [ + quote]
ripxrush (Junior Member) 7 March 2008 0:51
Investors mostly! Stock market shares, [ + quote]
esrever (Member) 7 March 2008 6:59
I have a grim feeling the days of TiVo are about to be numbered. Many cable companys/satellite networks now offer their own DVR service, often included in a package deal. Edit: Typos [ + quote] This message has been edited since posting. Last time this message was edited on 7 March 2008 7:01
bmw100 (Newbie) 6 April 2008 5:56
And I just discovered this neat little toy which ought to put another nail in their coffin : http://ati.amd.com/products/tvwonder650/usb/index.html I have been looking for something like this for a very long time. [ + quote]