TiVo Corp. announced its FY17 Q2 results with revenues of $208.6 million and net loss of $4.8 million. The net revenues were up by an impressive 67% on yearly basis while the net loss was lower by $4.6 million as compared to the net loss of $9.4 million a year ago.
The quarterly revenues were up due to the acquisition of TiVo Solutions Inc. in the third quarter of 2016, which contributed $94.9 million in revenues in the current quarter. Continuing the trend, the company signed deals and launched products in Pay TV, OTT and mobile during Fy17 Q2. This included product deals with Millicom, Cable Onda and Service Electric and IP licensing deals with Frontier, Foxtel, Funai and a large Canadian Pay-TV operator.
For fiscal year 2017, the company tightened its expected revenue range to $810-$830 million, which includes approximately $35 million of hardware revenues at the mid-point of expectations.
