TiVo 2Q – Returns to Profit, Gaming Console Integration Possible
By
| August 28, 2013
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. Litigation settlements and increased growth in the MSO subscription base are behind the profits. Read on for more on TiVo’s financials and its strategy toward working with operators moving forward.
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