TiVo recently notched up four million international subscribers to its ‘traditional’ – its words – across 70 global operator partners.
The grand total of 5.5 million MSO subscriptions has swelled by net additions of 418,000, a year-on-year growth of 24%.
The UK’s Virgin Media will be contributing about half of those numbers.
“We reached over four million subscriptions, driven by strong results from Vodafone Spain and Virgin Media,” said outgoing CEO Tom Rogers We also reached a new deal with Millicom, a global provider of wireless and wireline communication services to over 50 million subscribers, including to 6 million wireline homes passed in Latin America, to provide our products in various countries across its Latin American footprint. In addition, we made strong progress with Cubiware, announcing new relationships with Supercanal, Argentina’s leading MSO and MultiMedia Polska, Poland’s leading cable operator.”
Acquisitions of Digitalsmiths and Cubiware are helping TiVo build its next generation system.
For the third quarter, service and software & technology revenues were $102.8 million, at the upper end of a narrow guidace range.
The company reported Adjusted EBITDA of $29.3 million compared to $27.7 million in the same quarter last year.