[opendtv] TiVo Second Quarter Subscription Growth Triples; New DVR and $99 Offer to Accelerate Growth in Second Half
- From: Monty Solomon <monty@xxxxxxxxxx>
- To: undisclosed-recipient: ;
- Date: Thu, 26 Aug 2004 17:38:43 -0400
TiVo Second Quarter Subscription Growth Triples; New DVR and $99
Offer to Accelerate Growth in Second Half
- Aug 26, 2004 04:00 PM (PR Newswire)
* TiVo subscription base grows to approximately 1.9 million as of
July 31, 2004;
* Service revenues increase nearly 80% compared to Q2 of last year;
* New products at $99 price point and expanded distribution expected to
drive 1 million new sub additions in the second half
SAN JOSE, Calif., Aug. 26 /PRNewswire-FirstCall/ -- TiVo (Nasdaq: TIVO),
the creator of and a leader in television services for digital video recorders
(DVRs), reported today that it added approximately 288,000 total subscriptions
in the second quarter, more than triple the number it added in Q2 of last
year. In the past twelve months, the Company's total installed base has more
than doubled to approximately 1.9 million.
Service revenues for the quarter increased 77% to $24.3 million, compared
with $13.8 million for the three months ended July 31, 2003. Net loss for the
quarter was ($10.8) million, or ($0.13) per share, compared to a net loss of
($4.4) million, or ($0.07) per share, for the three months ended July 31,
2003. The increase in net loss and net loss per share for the quarter reflects
the Company's previously announced investment in subscription acquisition
activities to accelerate sub growth during fiscal year 2005.
TiVo Subs Grow by More than 500,000 in the First Half; DIRECTV with TiVo
Subscriptions now Total More than One Million
In the first half of fiscal year 2005, the Company added approximately
552,000 total net subscriptions, a growth of approximately 3 times compared to
the six-month period ending July 31, 2003.
Of the 288,000 net new subscriptions added in Q2, approximately 225,000
are DIRECTV with TiVo subscriptions, or about four times the number of new
DIRECTV with TiVo subscriptions added in Q2 of last year. DIRECTV with TiVo
subscriptions now total more than one million.
New TiVo-Owned subscription additions in Q2 were approximately 63,000, an
85% increase compared to Q2 of last year. These subscription additions are
consistent with the pattern of seasonality the Company has experienced in
previous years. The total installed base of TiVo-Owned subscriptions at the
end of the quarter now numbers approximately 787,000, an increase of nearly
70% compared to Q2 of last year.
...
- http://finance.lycos.com/home/news/story.asp?story=43318577
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