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Thursday, 30 August 2012 - Tivo revenue rises on higher Virgin Media subscriptions |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Breakingviews Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read New Orleans withstands Isaac's wrath, for now | 5:32pm EDT Navy SEAL's book gives different account of bin Laden death 2:46pm EDT U.S. cases of West Nile virus set record, deaths soar-CDC 12:47pm EDT Loss of radio contact prompts Amsterdam plane hijack scare | 12:11pm EDT Analysis: China's aircraft carrier: in name only | 28 Aug 2012 Discussed 138 Obama’s lead over Romney grows despite voters’ pessimism 122 Romney to announce vice presidential choice Saturday 94 Analysis: Are Israelis tough enough for a long war with Iran? Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  In the path of Isaac Hurricane Isaac drove water over the top of a levee on the outskirts of New Orleans.  Slideshow  Protesting the RNC Activists shout anti-Republican slogans outside of the Republican National Convention.  Slideshow  Tivo revenue rises on higher Virgin Media subscriptions Tweet Share this Email Print Related News Big Lots cuts forecast again as high-margin product push fails Thu, Aug 23 2012 Grocery products power Hormel's higher results Thu, Aug 23 2012 Intuit profit misses, expects weak first-quarter revenue Tue, Aug 21 2012 Applied Materials sees revenue drop, reviews businesses Wed, Aug 15 2012 Analysis & Opinion Social media and the new Cold War Related Topics Tech » Hot Stocks » Asian Markets » Media » A screen shows Internet services available through an broadband-connected TiVo digital video recorder at the Consumer Electronics Show in Las Vegas, Nevada January 5, 2006. Credit: Reuters/Steve Marcus Wed Aug 29, 2012 5:20pm EDT (Reuters) - Tivo Inc (TIVO.O) reported better-than-expected quarterly results on higher subscriptions of its trademark digital video recorders at Virgin Media Inc (VMED.O), sending Tivo's shares up as much as 5 percent in extended trading. While TiVo continues to sell its set-top boxes, it also licenses its digital video recording technology to cable operators such as Virgin, Charter, DirecTV (DTV.O), Ono, RCN and Suddenlink. "The number of Tivo subscriptions across the globe grew 41 percent year-over-year this quarter, highlighted by continued success at Virgin Media, which recently reached one million TiVo subscriptions," Chief Executive Tom Rogers said in a statement. Virgin Media reported Tivo subscriber additions of 261,700 for its June quarter. Rogers said Virgin Media contributes the highest number of subscribers to Tivo. Total subscriptions grew by 230,000 in the second quarter. Tivo expects a net loss in the range of $27 million to $29 million for the third quarter. Analysts were expecting a net loss of $20.7 million, according to Thomson Reuters I/B/E/S. Revenue in the second quarter at Tivo rose 7 percent to $65.3 million. Net loss widened to $27.7 million, or 23 cents per share, in the second quarter, from $19.6 million, or 17 cents per share, a year earlier. Analysts on average had expected a loss of 24 cents per share on revenue of $54.3 million. Shares of Tivo were up at $9.79 in extended trade. They closed at $9.36 on the Nasdaq on Wednesday. (Reporting by Chandni Doulatramani in Bangalore; Editing by Sriraj Kalluvila) Tech Hot Stocks Asian Markets Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. 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Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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