TiVo announced its third quarter earnings today exceeding expectations. The good news is that the bleeding of subscribers has stopped. TiVo beat their projected financial numbers and added 117,000 subcribers net this past quarter. Most of the additions were from cable systems rolling out TiVo to their subscribers including Virgin Media (UK), RCN, Suddenlink and ONO (Spain). TiVo has had the most success with Virgin Media adding a total of 220,000 subscribers. The gains from cable providers were offset from continued subscriber losses on the retail side.
- Execute on existing cable rollouts.
- Sign new cable deals (acknowledging some are in an advanced stage).
- Contain costs for R&D as well as litigation.
- Protect TiVo’s intellectual property: TiVo will continue to “battle-test” its patents through litgation against AT&T, Microsoft and Verizon.
- The new DirecTiVo will roll out in selected “major” markets starting this December. Nationwide rollout will start next year with DirecTV being responsible for doing “substantial” marketing.
- TiVo is working on creating one unified code base for both cable and retail platforms. This will help contain costs and better leverage resources. Personally, I hope this means the BBC iPlayer is coming to the US TiVo.
- Only a “brief” amount of time was spent on the retail side of the business. The one example cited here was the upcoming Comcast video-on-demand offering about to roll out in San Francisco. No mention was made of the Premiere Elite’s launch.
- When TiVo rolls out a whole-home solution, each TiVo box in the home will be counted as a subscriber in future counts (both Premieres and Preview boxes will be counted separately).
|TiVo has started to regain some momentum|