Tivo quarterly results top guidance, starts share buyback

Wednesday 27 August 2014 | 09:54 CET | News
Tivo reported service and technology revenues of USD 86.6 million for its fiscal second quarter to July, up 13 percent year-on-year and in line with its outlook. Adjusted EBITDA totaled USD 29.9 million, compared to the company's guidance of USD 27-30 million. The figure was down from USD 115.4 million a year earlier when the company booked a one-time legal settlement; excluding this, EBITDA rose 73 percent year-on-year. Net profit reached USD 9.3 million, better than the USD 6-9 million forecast. Tivo finished July with a total 4.8 million subscribers, an increase of 33

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Categories: Broadcast & Satellite
Companies: TiVo
Countries: World
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