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TiVo's Q3 Isn't a Pretty Picture

November 23, 2010 at 2:20 pm PT

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.

Tagged with analysts, digital, distribution, DVR, earnings, expenses, forecast, fourth quarter, frontpage, loss, newsbyte, operating, results, revenue, Silicon Valley, subscriber, subscription, television, third quarter, TiVo, Tom Rogers, video

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