Tuesday, March 7, 2006

TiVo Reaches 4.4 million Users, Offers New Pricing

TiVo's total subscription base stands at approximately 4.4 million, which represents 45% growth over last year. TiVo-owned subscription gross additions were 221,000 for the quarter ended 31-January-2006 and net adds were 183,000. TiVo added 173,000 DIRECTV subscriptions in the quarter, compared to 379,000 in the third quarter of fiscal 2006.



Service and technology revenues for the year increased 48% to $170.9 million, compared to $115.5 million last year. Service and technology revenues for the quarter increased 37% to $47.0 million, compared to $34.2 million for the same period last year.



The company also announced new pricing -- an 80-hour Series2 box and TiVo service will cost $19.95 a month or $224 prepaid for a one-year commitment, $18.95 a month or $369 prepaid for a two-year commitment, and $16.95 a month or $469 prepaid for a three-year commitment.



Tom Rogers, CEO of TiVo, said, "This was a steady quarter for TiVo as our subscription base continued to grow, even in this more competitive environment. During the last six months, we have implemented a number of marketing programs designed to support our long-term goal of driving increased scale in our subscription base.

http://www.tivo.com

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