TiVo narrows loss
November 30, 2007
Digital video recorder maker TiVo has reported a narrower quarterly loss as its revenue and subscriptions increased, and it issued a forecast that was more optimistic than estimates. The net loss was $8.24 million, for its fiscal third quarter compared with a loss of $11.1 million, a year earlier. Revenue rose to $75.5 million from $66 million as service revenue from subscribers advanced to $52.94 million from $49 million. TiVo-owned subscriptions rose to 1.7 million from 1.6 million.