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November 23, 2011 08:14 pm EDT
While many consumers are still waiting for something new from TiVo -- finally enabling the second processor core on Premieres this weekend is a nice step, but how about more HD menus? -- said company has found growth for the first time in four years by turning to a more traditional way to sell set-top boxes in the US. Yes, the growth is mostly thanks to six months of success with Virgin Media and other provider deals like the one with RCN. TiVo netted an additional 117,000 this quarter, bringing the total to just over 2 million and even more growth is expect in the coming months -- despite the continuous drop in retail subscribers -- thanks to the expected limited release of the DirecTiVo in December, with a more widespread release next year. This helped TiVo realize a 25 percent year-over-year growth in revenues, but still wasn't enough to hold off a net loss, which came in at a cool 24.5 million for the quarter. You have to stop going down before you can go up, but more TiVos in more homes is a good thing for just about everyone involved.
Original Link: http://www.engadget.com/2011/11/23/tivo-q4-results-bringi-first-sub-growth-in-years-directivo-is-i/
TiVo Q4 results bring first sub growth in years, DirecTiVo is imminent
While many consumers are still waiting for something new from TiVo -- finally enabling the second processor core on Premieres this weekend is a nice step, but how about more HD menus? -- said company has found growth for the first time in four years by turning to a more traditional way to sell set-top boxes in the US. Yes, the growth is mostly thanks to six months of success with Virgin Media and other provider deals like the one with RCN. TiVo netted an additional 117,000 this quarter, bringing the total to just over 2 million and even more growth is expect in the coming months -- despite the continuous drop in retail subscribers -- thanks to the expected limited release of the DirecTiVo in December, with a more widespread release next year. This helped TiVo realize a 25 percent year-over-year growth in revenues, but still wasn't enough to hold off a net loss, which came in at a cool 24.5 million for the quarter. You have to stop going down before you can go up, but more TiVos in more homes is a good thing for just about everyone involved.Continue reading TiVo Q4 results bring first sub growth in years, DirecTiVo is imminent
TiVo Q4 results bring first sub growth in years, DirecTiVo is imminent originally appeared on Engadget on Wed, 23 Nov 2011 15:14:00 EDT. Please see our terms for use of feeds.
Permalink | ||CommentsOriginal Link: http://www.engadget.com/2011/11/23/tivo-q4-results-bringi-first-sub-growth-in-years-directivo-is-i/
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