Tivo posts net profit, record subscribers in Q1

Friday 23 May 2014 | 08:47 CET | News
Television entertainment company Tivo reported first-quarter Service & Technology revenues up 39 percent year-over-year to USD 86.0 million. Adjusted EBITDA exceeded its guidance to reach USD 26.9 million, versus USD 801,000 a year ago. Net income was also better than expected, at USD 8.1 million profit, after a net loss of USD 10.3 million the prior year. Total Tivo subscriptions surpassed 4.5 million, reaching the highest level in company history. Record cable subscription additions contributed to the net 341,000 MSO customers added in the quarter. For the second quarter, TiVo anticipates

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Categories: Broadcast & Satellite
Companies: TiVo
Countries: United States
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