TiVo (TIVO) Posts Wider-than-Expected Q1 Loss on Rising Acquisition Costs
Tweet Send to a Friend
Get Alerts TIVO Hot Sheet
Price: $12.92 --0%
Revenue Growth %: +19.2%
Financial Fact:
Diluted (in shares): 119.14M
Today's EPS Names:
DSX, REDF, REX, More
Revenue Growth %: +19.2%
Financial Fact:
Diluted (in shares): 119.14M
Today's EPS Names:
DSX, REDF, REX, More
Trade TIVO Now!
Stop, rewind, replay.
Oh, wait, that's only on TiVo's (Nasdaq: TIVO) set-top boxes, not its quarterly statements.
According to a release from TiVo just after the market closed Wednesday, total first-quarter 2013 revenue rose 48 percent from $45.73 million reported in the same period last year to $67.77 million. Service and Technology revs were $54.5 million, up from $38.8 million last year.
TiVo swung to a quarterly loss of about $20.8 million, or 17 cents per share.
The Street was looking for revenue of $54.89 million and a loss of 17 cents per share.
Net sub adds in the quarter were 206,000, compared to a loss of 88,000 in the fiscal first quarter of 2011. Total cumulative subs rose from 1.961 million to 2.485 million. Subscription acquisition costs rose 52 percent to $232.
Looking ahead, TiVo is expecting second-quarter 2013 Service and Tech revs of $53 million to $55 million, with a net loss somewhere in the range of $28 million to $30 million.
Shares are down about 3 percent in late trading.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Oh, wait, that's only on TiVo's (Nasdaq: TIVO) set-top boxes, not its quarterly statements.
According to a release from TiVo just after the market closed Wednesday, total first-quarter 2013 revenue rose 48 percent from $45.73 million reported in the same period last year to $67.77 million. Service and Technology revs were $54.5 million, up from $38.8 million last year.
TiVo swung to a quarterly loss of about $20.8 million, or 17 cents per share.
The Street was looking for revenue of $54.89 million and a loss of 17 cents per share.
Net sub adds in the quarter were 206,000, compared to a loss of 88,000 in the fiscal first quarter of 2011. Total cumulative subs rose from 1.961 million to 2.485 million. Subscription acquisition costs rose 52 percent to $232.
Looking ahead, TiVo is expecting second-quarter 2013 Service and Tech revs of $53 million to $55 million, with a net loss somewhere in the range of $28 million to $30 million.
Shares are down about 3 percent in late trading.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- NetApp (NTAP) Tops Q4 EPS by 1c; Boosts Buyback, Plans Job Cuts, Initiates Dividend
- Lowes Cos. (LOW) Misses Q1 EPS by 2c; Reaffirms FY13 Outlook
- American Eagle Outfitters, Inc. (AEO) Tops Q1 EPS by 1c; Issues Weak EPS Outlook
Create E-mail Alert Related Categories
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
