TiVo Announces Q4 and Fiscal Year Financials

Mar 6 2008, 5:00pm CST | by Shane McGlaun

TiVo announced its Q4 and fiscal year end financials today saying that it's adjusted EBITDA is closing in on breakeven. TiVo reported a net loss for Q4 2007 of $6.4 million compared to a loss of $19.5 million in the same quarter the previous year.

TiVo also announced today that it had a trial going with Cox in New England using TiVo technology and Comcast has fully launched in New England using TiVo technology. TiVo says its Q4 service and technology revenues were $58.1 million compared to $57 million the previous year.

TiVo blames a loss of $2.5 million in Q4 revenue on a change in TiVo lifetime service plans increasing from 48 months to 54 months. I guess TiVo really only expected its lifetime service plans to last four years.

Via TiVo

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Shane McGlaun
Leading our review center, Shane knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
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