TiVo quarterly loss narrows

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) November 29, 2006 -- For the current fiscal fourth quarter, TiVo said it expects service and technology revenues of $54 million to $55 million and a net loss of $33 million to $38 million. Analysts currently expect revenues of $58.7 million, according to Reuters Estimates.

TiVo said the net loss for its fiscal third quarter to October 31 was $11.1 million, or 12 cents a share, compared with a year-ago net loss of $14.2 million, or 17 cents per share. Analysts had expected a loss of 15 cents a share, according to Reuters Estimates.

Service and technology revenue rose 22 percent to $52.6 million from $43.2 million. Total revenues, which include hardware revenue and exclude rebates, revenue sharing and other payments, were $65.7 million.

TiVo also said that, as expected, it had a net decline in the number of DirecTV TiVo subscriptions during the quarter as DirecTV deployed fewer TiVo boxes.

Cumulative total subscriptions as of October 31 were up slightly from last quarter to 4.4 million, and represented an 11 percent increase from year-ago subscription levels, TiVo said.

TiVo also said Cablevision, Mexico's largest cable operator, had agreed to distribute TiVo boxes and its subscription service to Mexico City customers, in what would be the first Spanish-language version of TiVo's user interface.

"People have been so focused on our U.S. cable deals and have not focused on the rest of the world," said TiVo Chief Executive Tom Rogers in a telephone interview, adding that he expected TiVo would see more such international agreements.

Cablevision is majority-owned by Mexico's Grupo Televisa. Shares of TiVo in extended trade slipped to $6.00 from a close of $6.29 on Nasdaq.

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