TiVo Narrows Loss

ALVISO, March 6: TiVo cut
its fourth-quarter loss from $19.5 million to $6.3 million, while full-year
loss was down from $47.7 million to $31.4 million.

"This was a strong
quarter and year for TiVo as we significantly improved our financial profile
and made tremendous progress on the many elements driving our business
forward," said Tom Rogers, the president and CEO of TiVo. "Our
progress can be especially noted with our financial results for the full-year,
as we neared breakeven for the year on an Adjusted EBITDA basis, exceeding our
goals. These results really underscore the success of our strategy to
effectively manage our TiVo-Owned business in a way that does not cloud the
enthusiasm for the many long-term growth drivers we have in place."

He continued:
"Importantly, just a few weeks ago we had a very big day at TiVo when the
United States Court of Appeals for the Federal Circuit unanimously upheld the
District Court's ruling that EchoStar had infringed on our Multimedia Time Warp
patent. The Appeals Court decision was clear, unambiguous and unanimous that
EchoStar violated our patent. The Court upheld the full monetary award, as well
as the injunction issued by the trial court. We view EchoStar's latest attempt
to appeal this ruling as merely a delay tactic that is intended to postpone the
inevitable and we remain confident that the Federal Circuit will reject their
rehearing request. We are very excited about this victory as it more significantly
solidifies the strength of our intellectual property."

In the quarter, service
and technology revenues were $58.1 million, compared with $57 million for the
same period last year. For the full fiscal year, service and technology
revenues were $230.9 million, compared with $217.3 million for the same period
last year.

TiVo-owned subscription
gross additions for the fourth quarter were 109,000, compared to 163,000 gross
additions for the year-ago period. Overall, TiVo-owned subscriptions increased
slightly from the prior quarter to 1.75 million. There was a net decline in
MSO/broadcaster subscriptions during the period as DIRECTV is no longer
deploying new TiVo boxes. Cumulative total subscriptions as of January 31,
2008, were 3.95 million. Additionally, the monthly churn rate was 1.5 percent,
up from 1.2 percent in the year-ago period and 1.3 percent in the prior
quarter.

For the first quarter of
fiscal 2009, TiVo anticipates service and technology revenues in the range of
$53 million to $55 million, and a net loss in the range of $1 million to $3
million.

—By Mansha Daswani