Tivo's (TIVO) 3 Sources of Surprise Profit Growth - Jeffries
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TiVo Reports Record Third Quarter Service and Software & Technology Revenue Up 17% Driven by 26% Growth in Total Subscriptions and 60% Increase in MSO Service Revenue
November 24, 2015 4:01 PM ESTSAN JOSE, CA -- (Marketwired) -- 11/24/15 -- TiVo Inc. (NASDAQ: TIVO)
Record Service and Software & Technology revenue of $102.8 million, an increase of 17% year-over-year; top-end of guidance range Highest quarterly net subscription additions in ten years MSO service revenue growth accelerated, up approximately 60% year-over-year; driven by highest ever third quarter MSO net subscription additions of 418,000 Adjusted EBITDA was $29.3 million GAAP Net Income was $5.3 million; Non-GAAP Net Income grew 39% year-over-year to $9.9 million Launched TiVo BOLT" to overwhelming accolades TiVo-Owned gross additions of 52,000 were up 44% year-over-year; ninth straight quarter of... More