Partially thanks to recent litigation settlements, TiVo posted a net income of $268.9mln in 2Q, compared to a net loss of $27.7mln in the same quarter last year. The quarter marked the highest revenue and highest profit ever, and was a departure from the losses primarily recorded over the past few years. The results came under 3 months after TiVo settled its ongoing litigation with Cisco and Motorola for $490mln, bringing the total from awards and settlements to around $1.6bln. Litigation settlements will produce “significant increased licensing revenue well into the future,” pres/CEO Tom Rogers said. Along with the expected continued growth of the MSO subscription base, TiVo has “reached a brand new chapter in its financial performance that puts the company on an entirely new trajectory,” Rogers said during a conference call after market closed Tues. TiVo stock prices were slightly up in after-hours trading. By the end of 2Q, total TiVo subscriptions were at 3.6mln, up 33% YOY. Meanwhile, as more MSOs put their content on gaming consoles, the goal is to “allow TiVo to be received wherever operators would like them to be received,” including gaming consoles, Rogers said. “Our platform has been driving toward finding cheaper ways for operators to have whole-home solutions,” he said. Meanwhile, the company is “in deep discussions” with a number of operators. Progress may be slower than expected due to a focus on cap ex issues related to hardware, Rogers noted. As execs repeatedly said, the company is focused on Tier 2 operators as some Tier 1 players have the internal engineering capability to drive a homegrown solution, according to Rogers. When it comes to potential acquisitions and mergers, TiVo has been “extremely conservative” and “hasn't seen anything that's considered transformative,” Rogers said. Going forward, TiVo anticipates net income in the range of $6mln to $8mln, and adjusted EBITDA of $20mln-$22mln. Driving the increase is a full quarter of Cisco/Motorola revenue recognition and continued growth in MSO revenue. The company, which recently launched Roamio device featuring streaming capability, expects the device to positively impact the trajectory of its retail business in the back half of the year. “We anticipate the Roamio models to deliver hardware margin improvements relative to the Premiere lineup,” Rogers said. TiVo added nearly 1mln new subs in the past year. Its recent MSO deals include Atlantic Broadband, Cable One, Com Hem, GCI, Midcontinent and Mediacom.