[opendtv] TiVo Q1 Results
- From: Monty Solomon <monty@xxxxxxxxxx>
- To: opendtv@xxxxxxxxxxxxx
- Date: Wed, 26 May 2004 01:00:33 -0400
Strong Consumer Demand More than Triples Q1 Subscription Growth
for TiVo; Lower Prices and Broad Availability Drive Record Results
- May 25, 2004 04:00 PM (PR Newswire)
DIRECTV with TiVo subscription additions grew nearly 5x compared to Q1 of last
year; TiVo owned subscription additions nearly double in the same period
Service revenues grew 74% in the quarter, compared to Q1 of last year
Management reiterates plans to double subscription base in current year
SAN JOSE, Calif., May 25 /PRNewswire-FirstCall/ - TiVo (Nasdaq: TIVO), the
creator of and a leader in television services for digital video recorders
(DVRs), reported today that it added a record 264,000 subscriptions in the
first quarter, more than three times the number added in Q1 of last year.
Total cumulative subscriptions grew to nearly 1.6 million, more than double
the subscription base TiVo reported a year ago.
Net revenues for the quarter were $34.5 million. Of this amount, Service
revenues were $22.2 million, which represents growth of 74% compared to the
same quarter of last year. Net loss for the quarter was ($9.1) million, or
($0.11) per share, compared to a net loss of ($7.9) million, or ($0.12) per
share, for the three months ended April 30, 2003.
Of the 264,000 new subscriptions added in the quarter, approximately
196,000 resulted from TiVo's relationship with DIRECTV, nearly five times the
number of DIRECTV subscriptions added in Q1 of last year. New TiVo Service
subscriptions additions in the quarter were 68,000, an 84% increase compared
to Q1 of last year.
DIRECTV with TiVo and Series2 DVRs Momentum Drive Record Q1 Results
The explosive growth of DIRECTV with TiVo in Q1 demonstrates the growing
strength of what is one of the best experiences in television home
entertainment: the DIRECTV DVR with TiVo. The record number of DIRECTV
activations in the quarter was driven by increased product availability, the
$99 price point, and a variety of promotional programs directed at the DIRECTV
subscriber base.
...
- http://finance.lycos.com/home/news/story.asp?story=41637010
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