TiVo Reports Results for the First Quarter Fiscal Year 2009 Ended April 30, 2008
TiVo announced their F1Q09 results today and held their usual conference call and webcast. Honestly, from a geek standpoint, this was a snooze. Financially the company seems to be doing OK, once again beating estimates. But nothing new was said about any products - nothing on Unbox HD, YouTube, the ‘Series4′ tru2way box, etc. Normally there is at least one or two tidbits, especially during the Q&A, but if there were this time I missed them. Oh wait, one thing, Comcast will be rolling out the TiVo software to another New England state, other than MA and NH.
An overview:
- TiVo posts record quarter for Net Income and Adjusted EBITDA
- Adjusted EBITDA for the first quarter was $11.1 million, exceeding guidance and compared to $6.7 million in the year-ago quarter
- Net Income for the first quarter was $3.6 million compared to $835 thousand in the year-ago quarter and EPS for the first quarter was $0.04 compared to $0.01 in the year-ago quarter
- Favorable ruling in EchoStar patent infringement case upheld; EchoStar’s petition for rehearing en banc denied
- Disney directly signs with TiVo making all the major movie studios’ content available to TiVo users
- TiVo teams with Chicago Tribune to reinvent newspaper model on TV coverage
You can get the full press release here.
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May 28th, 2008 at 21:53
I’m not sure I knew Cox’s first market was also going to be New England. Otherwise, seems like they’re spending less on marketing and DirecTV customers continue to bleed off (which makes sense). Wonder if the Chicago Tribune thing is just another Guru Guide.
May 28th, 2008 at 22:00
I knew about Cox being New England. To me the Tribune deal does sound like a Guru Guide plus TiVoCast for her videos. The real important part is the co-marketing from the Tribune, I think.