Tuesday, August 29, 2006

TiVo Reaches 4.4 Million Users

TiVo reported better than expected bottom line results with a net loss of ($6.4) million and net loss per share of ($0.07) for the quarter, compared to a net loss of $(0.9) million, or $(0.01) per share, for the second quarter last year. For the quarter, service and technology revenues increased 30% to $52.9 million, compared to $40.7 million for the same period last year.

TiVo-Owned subscription gross additions were 74,000 for the quarter, a 4% decrease compared to 77,000 in the second quarter of last year.

TiVo reported 30,000 new net TiVo-Owned subscriptions. This figure was impacted by a slightly improved year-over-year churn rate set against a higher average subscription base, resulting in an additional 7,000 churn compared to last year.

TiVo reported a net decline in the number of DIRECTV TiVo subscriptions during the period, against several thousand per month of new TiVo subscriptions that were still being added by DIRECTV during the quarter.

Total subscriptions as of July 31, 2006, were up slightly from last quarter to more than 4.4 million, and up 24% over the year-ago subscription totals.

TiVo-Owned ARPU per month was $8.88. DIRECTV ARPU per month was $0.96. http://www.tivo.com

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