TiVo Corporation Sees Solid Progress

By Yvette Raikes
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TiVo Corporation reported Q3 net losses of $17.0 million, compared with profits in the same quarter last time of $49.9 million, on turnover which rose 29% to $197.9 million from $153.1 million. For the first three quarters there were losses of $56.4 million, contrasting with profits of $22.9 million a year ago, on revenue of $612.2 million, up from $396.8 million. The company said that the increased sales were due to the acquisition of TiVo Solutions and described the results as “solid” and said that 23 million subscriber households around the world use TiVo’s advanced television experiences.