Virgin Media continues to be a key client for TiVo as the advanced television services company reported major progress on its MSO deployments. ONO and Grande are now both live with Charter launching shortly. DirecTV intends to launch TiVo in selected markets in December while on Comcast TiVo is now in field trials.
Tom Rogers, president and CEO of TiVo, said, “Demand for Virgin Media’s TiVo offering is quickly growing throughout the UK. Just six months after launch, Virgin Media said that it had more than 220,000 TiVo subscribers live, up from the 50,000 just three months prior. Even more impressive is that 40% of these TiVo subscribers are new to Virgin Media”.
Third quarter revenues increased by 25% to $51.8 million (€38.3 million), ahead of guidance, while the net loss of $24.5 million was also ahead of expectations.
