TiVo Revs Up 26%

TiVo posted a 26% revenue gain to $82 million in the third quarter (ended Oct. 31), with net income of $59 million versus a loss of $25 million last year.

The company’s performance was enhanced by a legal agreement under which Verizon agreed to pay TiVo $250 million to settle a patent infringement law suit.

For the first nine months, the company’s revenues totaled $215 million, up 26% with net profits of $10.5 million, down from $95 million for the first nine months of the company’s current fiscal year.

The Verizon settlement was the third major settlement achieved by TiVo in the last year or so, bringing total legal settlements to $1 billion according to the company.  Earlier the company settled with both AT&T and satellite operator EchoStar.  A patent law suit against Motorola is set to go to trial next May.

On a call with investors and analysts late Wednesday, company executives said that the Verizon settlement could increase depending on subscriber growth of Verizon’s Fios pay TV service.  A little under $80 million of that settlement was recognized in TiVo’s third quarter. The balance will be paid and attributed to future quarters.

Next year, the company said, it should be profitable (before interest, taxes, amortization and depreciation) for the full year including legal settlement fees. “We’re turning the corner," declared company CEO Tom Rodgers.

“We continue to see impressive subscription growth” to the company’s advanced TV offerings to cable and satellite customers worldwide, Rodgers said.  “Our product has become a key diffentiator” for those clients, he said.

China will supplant the U.S. as the country representing largest base of iOS and Android users worldwide by the first quarter of 2013, according to a new report by app advertising and analytics firm Flurry. As of October, the U.S. was home to 181 million iOS and Android devices, with China just behind at 167 million.

But that lead won’t last long. The 55 million active iOS and Android devices added in the U.S. in the last year pales in comparison to the 125 million added in China. The latter is in fact the fastest-growing iOS and Android market, up 293% from a year ago, based on Flurry’s tracking of more than 250,000 apps on 750 million devices globally.

Behind China are countries like Vietnam, Colombia, Chile and Ukraine. The U.S. isn’t even in the top 10 as a more mature, saturated market. No wonder, according a recent report, Apple wants to make inroads into huge emerging markets like China and India with a cheaper iPhone.

The growing adoption of iOS and Android devices outside the U.S. is also reflected in app usage. A year ago, the U.S. accounted for nearly half (48%) of all app sessions globally. That figure has contracted to 29% as of October, with sessions among the rest of the top 10 countries increasing from 27% to 39%, and the rest of the world, from 25% to 32%. In total, 71% of sessions now take place outside the U.S.,

Bob Evans Farms has named Engauge its digital agency of record.

Bob Evans has 565 restaurants and a food-products division that produces and nationally distributes fresh sausage, frozen foods and the #1-selling brand of refrigerated mashed potatoes, according to the announcement.

Engauge will handle the company's digital strategy, media planning/placement, creative. social marketing, Web site and email.

Engauge's other clients include HoneyBaked, Sonny’s Bar-B-Q, Outback Steakhouse, Donatos, South Beach Diet and Nestlé.

Bob Evans Farms has named Engauge its digital agency of record.

Bob Evans has 565 restaurants and a food-products division that produces and nationally distributes fresh sausage, frozen foods and the #1-selling brand of refrigerated mashed potatoes, according to the announcement.

Engauge will handle the company's digital strategy, media planning/placement, creative. social marketing, Web site and email.

Engauge's other clients include HoneyBaked, Sonny’s Bar-B-Q, Outback Steakhouse, Donatos, South Beach Diet and Nestlé.

Bob Evans Farms has named Engauge its digital agency of record.

Bob Evans has 565 restaurants and a food-products division that produces and nationally distributes fresh sausage, frozen foods and the #1-selling brand of refrigerated mashed potatoes, according to the announcement.

Engauge will handle the company's digital strategy, media planning/placement, creative. social marketing, Web site and email.

Engauge's other clients include HoneyBaked, Sonny’s Bar-B-Q, Outback Steakhouse, Donatos, South Beach Diet and Nestlé.