Second-Quarter Profit for TiVo

ALVISO, August 28: TiVo’s
revenues in the second quarter gained 4 percent to $65.2 million, delivering a
net profit of $2.9 million, versus the $17.7 million loss record in the
year-ago period.

TiVo-owned subscription
gross additions for the second quarter were approximately 36,000, compared to
41,000 gross additions for the year-ago period. The monthly churn rate was 1.5
percent, up from 1.3 percent. Overall, TiVo-owned subscriptions ended the
quarter at approximately 1.7 million.

—By Mansha Daswani