TiVo Reports Record Profits for Q3

TiVo has reported record profits for Q3 2008. The net income for the quarter was $100.6 million compared to a loss of $8.3 million a year ago. Adjusted EBITDA for Q3 was $95.3 million compared to $0.2 million the same quarter last year.

Technology and service revenues for the quarter were $51.7 million compares to $58.3 million in Q3 2007. TiVo owned subscription gross for Q3 was 44,000 compared to 69,000 last year. Churn rate was 1.4% compared to 1.5% last year.

"This was another solid quarter for TiVo, our fifth straight of Adjusted EBITDA profitability and we are well on our way to delivering our first Adjusted EBITDA positive year," said Tom Rogers, President and CEO of TiVo. "Our strong balance sheet, consisting of over $200 million in cash and short term investments and no debt, along with our continued solid financial performance and the progress we have made on our strategic content and distribution relationships, positions us well for the future."

Via TiVo

What Others Say about This

Warming trend at Berlin

The frosty temperatures in Berlin haven't put a freeze on foreign buyers' appetites as strong markets in parts of Western Europe, notably Germany and Blighty, have helped keep business solid and steady. A raft of hot titles, many of which came together v ...
Full article at: Original Signal: Movies  More like this  59 minutes ago

Entropic Communications Recognized as the Market Share Leader in Wired Home Networking by IMS Research

GlobeNewswire 2012-02-13 SAN DIEGO, Feb. 13, 2012 (GLOBE NEWSWIRE) -- Entropic Communications, Inc. (Nasdaq:ENTR), a leading provider of silicon and software solutions to enable connected home entertainment, announced today it was ranked the 2011 market ...
Full article at: IT News Online  More like this  1 hour ago

PHOTO CALL: Broadway's Phantom Celebrated Its 10,000th Performance Feb. 11

Alumni of the 24-year Broadway run of The Phantom of the Opera were sprinkled among the audience of the history-making 10,000th Broadway performance of the Andrew Lloyd Webber musical on Feb. 11 at the Majestic Theatre. The matinee, including a special p ...
Full article at: Playbill  More like this  1 hour ago

Don't miss ...

• More Home Entertainment Stories
• I4U News Homepage