TiVo Announces Q4 and Fiscal Year Financials
Posted on Thu, 6 Mar 2008 17:00:00 CST | by Shane McGlaun
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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
Posted on Thu, 6 Mar 2008 17:00:00 CST | by Shane McGlaun
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