TiVo, which is now the leader in the market for cord-cutting DVRs, continues to play both sides of the disruptor fence, announcing the addition of 285,000 new subscribers in the first quarter of fiscal 2016, most of them coming from MSO relationships.
The additions bring TiVo's MSO footprint to 4.81 million cable customers, up from 3.58 million to close the first quarter of 2014. In that same span, the TiVo-owned subscriber base has decreased to 944,000 from 957,000.
However, TiVo did have its best quarterly growth for its retail sector in eight years, with sales of the cord-cutter targeted Roamio OTA spearheading net additions of 39,000 retail subs.
"While the role of the cable operator is still vitally important in all this, the consumer has more of a say than ever, with regard to cord-cutting, unbundling content, streaming services, and delivery from the cloud. TiVo is a player in all those arenas and we're driving innovation behind all of it to give the consumer what they want and how they want it," TiVo CEO Tom Rogers told investors Tuesday.
TiVo's revenue for the quarter totaled $114.7 million--nearly $3 million higher than analysts' predictions.
The company also announced it is buying Cubiware, a Polish maker of software that helps pay-TV operators create and manage the interactive menus. Terms of the acquisition weren't disclosed.
For more:
- read the TiVo earnings release
- see this AP story
Earnings summary: Sizing up pay-TV earnings for the first quarter of 2015
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