TiVo Reports 2Q Losses

  • September 1, 2006
Fresh off its high-profile plugs in the Emmy awards show, TiVo announced a net loss of $6.4 million for the second quarter on revenues of $52.9 million, up from $40.7 million for the same quarter last year. That loss was less than predicted, but up from the $900,000 loss in the first quarter. TiVo CEO Tom Rogers attributed the loss to the costs of patent fights in court--most notably with EchoStar--hardware costs from the change to zero upfront pricing and stock options. TiVo earlier scrapped its one-time upfront option in favor of a straight monthly service fee. The DVR company TiVo added 74,000 new subs, down from the 77,000 it added in the second quarter last year.

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