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TiVo's Q4 earnings

5990675_76fb6afec1_t.jpgTiVo had their fourth quarter earnings report and as you would have seen if you had clicked the link, they laid out the good stuff in an easy-to-digest bulleted list:

  • Total subscription base grows to over 3 million
  • Service revenues 73% higher than Q4 of last year
  • Operating cash flow increases by one-third to $17.8 million
  • Company plans enhanced service offerings during the year

What the big print giveth, the fine print taketh away. Their revenues and subscriptions are up, but so are their costs.

In the year ended Jan. 31, the company lost $80 million, or 99 cents a share, on revenue of $172 million. In the previous year, it lost $32 million, or 48 cents a share, on revenue of $141.1 million.

The reason that losses are up is because TiVo has been more aggressive about rebates (which we covered earlier) and acquiring new customers. (Photo from rgusick)

Update: Reactions from the blogosphere:
Ars Technica: TiVo bullish on the future, "PC experience"

What really piqued my interest were brief comments about a TiVo-branded service on the PC. The company didn't say anything beyond the fact that they are looking into this, but it would fit well with their broadband plans.
Thomas Hawk: TiVo Pauses Company Costs and Growth
Ramsay stressed profitability by year-end as the single most important element for the company in the upcoming year. Expect to see less advertising, marketing and rebates.
Om Malik: TiVo: battered, bruised and bewildered
What the company needs is: open sourcing its entire platform, so that it can attract more developers. If it doesn’t its adios TiVo.
MegaZone: Random notes from the con-call
They talked up the Tahiiti effort as bringing more value to the service this year, and highlighted three main thrusts:
- Support, through TiVoToGo, for multiple portable media devices.
- a TiVo branded experience on the PC (Ed.Note: *THIS* has me very curious, but no details were presented.)
- Broadband content delivery

by George Hotelling March 10, 2005 in TiVo

Comments

Nothing matters... TiVo is going to die... sorry, had to say it before anyone else did...

Posted by: KDock at Mar 10, 2005 6:14:22 PM

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Listed below are links to weblogs that reference TiVo's Q4 earnings:

» TiVo: battered, bruised and bewildered from Om Malik on Broadband
A few days ago in one momentary lapse of reason and unbridled optimism, I suggested same ways to save TiVo. Others jumped in with their ideas, some of them quite brilliant. (Salon has picked up on that theme.) What TiVo needs, says Josh Bernoff, an an... [Read More]

Tracked on Mar 10, 2005 10:22:26 PM

» Tivo Branded Experience on PC? from TVHarmony
The Tivo earnings conference call generated a lot of buzz around the web based on some statements CEO Mike Ramsey said during the call. Here are Thomas Hawk's notes on the subject: Deliver a TiVo branded experience on the PC.... [Read More]

Tracked on Mar 11, 2005 12:05:28 PM

 

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