Tivo Corporation announced its financial results for the first quarter ended March 31, 2018. Net revenues for Q1 2018 were $189.8 million, a decrease of 7.7%, compared to $205.7 million in Q1 2107. This result was mainly driven by decline in revenues of IP licences (62.8%) and in the hardware segment (75.8%) on a year over year basis. Net loss for Q1 2018 was $17.71 million, down 49%, compared to the net loss of $34.66 million in Q1 2017.
Tivo Corporation is reviewing its businesses, cost structure and strategic options to maximize shareholder value so it didn’t provide financial estimates for fiscal 2018 at this time.
