TiVo Adds Record 209,000 subscriptions in Q3

TiVo added a record 209,000 subscriptions in Q3, pushing its total subscription base to over one million. The company cited strong consumer demand, driven by retail support, broad availability, a $50 rebate, and increased awareness of its service. TiVo added approximately 150,000 net new subscriptions through DIRECTV in the quarter, which is growth of nearly 100% over Q2, and nearly 10 times the number of new DIRECTV subscriptions added in Q3 of last year. DIRECTV has increased its focus in driving demand for DIRECTV with TiVo, including increased marketing directed at existing DIRECTV customers.


Net revenues for Q3 were $43.3 million, a 73% increase over Q3 of last year, and included $22.7 million in service and technology revenues and $24.5 million in hardware revenue. Gross profit for the quarter was $9.0 million, more than double the gross profit from Q3 of last year. Net loss for the quarter was $7.4 million, or $(0.11) per sharehttp://www.tivo.com