Wednesday, March 9, 2005

TiVo's Base Tops 3 Million

TiVo added approximately 698,000 net subscription additions in the fourth quarter, giving it over 3 million total subscribers -- more than double what it was a year ago. Service revenue for the quarter increased 73% to $33.0 million, compared with $19.1 million for the three months ended January 31, 2004.

TiVo's net loss in Q4 was ($33.7) million, or ($0.42) per share, compared to a net loss of ($12.4) million, or ($0.18) per share, for the three months ended January 31, 2004. The increase in net loss for the quarter reflects the impact of TiVo's increase in rebate expense during in the quarter.

TiVo said it is investing to further differentiate the TiVo service from generic cable and satellite DVRs, offering new entertainment and information applications to enrich its subscription offering and offer consumers greater choice and convenience in their home entertainment.

The newly released TiVoToGo service enhancement, which allows subscribers to transfer their shows to a PC, portable media player or DVD burner.

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