MKM Partners Downgrades TiVo (TIVO) to Neutral
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TiVo Reports Financial Results for the First Quarter Ended April 30, 2016
May 31, 2016 4:01 PM EDTSAN JOSE, CA -- (Marketwired) -- 05/31/16 -- TiVo Inc. (NASDAQ: TIVO)
Q1 Highlights
Total TiVo subscriptions now over 7 million, up 24% versus last year; includes 312,000 MSO and 3,000 TiVo-Owned net additions in the first quarter First quarter Service and Software & Technology revenue of $99.7 million, an increase of 8% year-over-year Operator-related service and software revenue increased 44% year-over-year First quarter net income was $4.2 million; includes $5.2 million in Rovi transaction costs and $3.7 million in restructuring expenses partially offset by a $3.2 million tax benefit from those items First quarter... More