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TiVo 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:
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