TiVo's Q3 Isn't a Pretty Picture

Analysts were expecting bad news out of TiVo’s third-quarter results today, and the company delivered. Citing higher operating expenses, the DVR pioneer posted a loss of of $20.6 million, or 18 cents a share (three times the loss of a year ago), on revenue of $41.3 million. Consensus estimates were looking for a loss of 17 cents a share on $41.4 million in revenue. CEO Tom Rogers said the company’s distribution deals will start paying off in subscriber growth eventually, but for now, the fourth-quarter forecast was for more of the same.