SOURCE: CNET NEWS.com
TiVo loss widens, subscribers grow
Published: August 26, 2004, 1:55 PM PDT
By Reuters
Digital video recorder maker TiVo on Thursday reported a wider quarterly net loss as it increased spending to accelerate subscriber growth.
TiVo, whose TV recording technology allows users to pause live television and personalize choices to suit their viewing habits, said it added 288,000 net new subscriptions in the period, bringing total subscribers to about 1.9 million, nearly double its level of one year ago.
San Jose, Calif.-based TiVo reported a net loss of $10.8 million, or 13 cents a share, attributable to common shareholders for the fiscal second quarter ended in July. A year earlier, it posted a loss $4.4 million, or 7 cents a share.
For more, click on the link provided...