Alviso, Calif. – TiVo reported lower sales and a
loss for its fiscal second quarter, ended July 31.
At the same time, TiVo also filed complaints against AT&T and
Verizon for patent infringement.
On the financial front, TiVo’s service and technology revenues
were $48.8 million, compared with $53.5 million for the same period last year.
TiVo reported a net loss of $2.9 million, compared with a net income of $2.9
million in the second quarter of last year.
TiVo-owned subscription gross additions for the second quarter
were approximately 31,000, compared with 36,000 gross additions for the
The TiVo-owned monthly churn rate was 1.5 percent. Overall, TiVo-owned
subscriptions ended the quarter at 1.6 million. Cumulative total subscriptions
as of July 31 were approximately 3 million.
Concerning TiVo’s lawsuit, it filed complaints in the United
States District Court, Eastern District of Texas against AT&T and Verizon
Communications for infringement of three TiVo patents, including the Time Warp
patent, TiVo said.
The complaints seek damages for past infringement and a permanent
injunction, similar to the one issued by the United States District Court,
Eastern District of Texas against Dish/EchoStar, TiVo noted.
- DEG Honors Dolby, Sony And Warner At Annual CES Awards Event - January 11, 2019
- LG’s CES Keynote: AI Is ‘Opportunity Of Our Lifetime’ - January 9, 2019
- Memories Of Our Friend John - April 12, 2018