TiVo gained nearly 1.3 million subscriptions in the fiscal year ended January 31, 2015.
The total as of January 31 stood at almost 5.5 million, or 30% more than a year earlier, including a 40% year-on-year increase in MSO subscriptions.
Just in the fourth quarter alone, the company posted MSO subscription net additions of 342,000 and positive TiVo-owned net additions of 16,000, which was its strongest performance in seven years.
TiVo’s net revenues in the fiscal year ended January 31 amounted to $451,479,000, compared to $406,253,000 in the previous year.
Net income amounted to $30,832,000, down from $271,816,000.
Providing a European perspective on the results, Tom Rogers, President and CEO of TiVo, said, “In terms of existing distribution relationships, we continue to drive increased penetration across our partners’ customer bases. Our European distribution partners now have well over 3 million TiVo subscriptions which we believe has created real value for these partners, highlighted by the fact that all our European MSO partners grew video customers in the fourth quarter.
“At the same time we continue to expand our product offerings to capture new opportunities. As an example, since acquiring ONO last year, Vodafone has engaged with TiVo to expand and improve its television offerings in Spain, including recently announced plans to integrate new TiVo cloud based services into the ONO television offering. This takes us above and beyond our existing relationship with ONO, which now reaches over 500,000 active users. We look forward to announcing further enhancements and products for Vodafone/ONO in Spain as the year progresses”.
