TiVo is continuing to benefit from its operator-led deals that have seen the advanced set-top technology provider grow MSO revenues by 36% over the last quarter.
Europe has proven particularly fruitful with Virgin Media reaching one million subscriptions in just over a year and Spain’s ONO doubling its TiVo subs over the last quarter.
TiVo president and CEO has similar hopes for the most recently announced deal with Com Hem in Sweden: “Beyond being a new geographical footprint for TiVo, this deal signifies that not only does the leading cable operator in one of the world’s leading broadband markets believe TiVo is the best advanced television option today, but that TiVo is the best option in the future when video will be delivered through an IP network from the cloud to any device,” said Rogers, hinting at a development in the company’s strategy. “As a result of this deal, we are confident other operators will turn to
TiVo to provide a solution that delivers their service to homes with or without a set-top box”.
However, while the 10% increase in service and technology revenues at $54.1 million (€43.09 million) were just above guidance, losses of $27.7 million, continued to weigh on the company.
TiVo recently announced a four tuner DVR that can record up to four channels simultaneously. The product has been produced at a lesser cost.
Ahead are intellectual property hearings with Verizon, Time Warner Cable, Motorola and Cisco.