TiVo posted its second straight quarterly loss on Wednesday, but it was smaller than expected as the company reined in costs to offset sliding revenue and slowing user growth.
The company said it swung to a net loss of $4.1 million from a profit of $3.6 million a year earlier. Revenue in the period, which ended April 30, fell 9 percent, to $54.9 million. TiVo added 37,000 direct subscriptions in the quarter, down from 48,000 a year earlier.
Over all, direct subscriptions ended the quarter at 1.6 million, with total subscriptions of 3.2 million when those through other companies are included.