TiVo’s Q2 revenues spike 67% after merger; ‘making progress’ on Comcast litigation

TiVo narrowed its net losses to $4.8 million from $9.4 million in the second quarter of 2016.

TiVo Corp. reported a 67% revenue gain to $208.6 million, the spike a result of last year’s acquisition of TiVo Solutions by Rovi Corp. 

TiVo solutions contributed $94.9 million to the bottom line for the combined company, which now goes by the TiVo moniker. TiVo narrowed its net losses to $4.8 million from $9.4 million in the second quarter of 2016.

The tech company signed two notable deals to integrate its video operating system into the services of international pay-TV companies, inking agreements with Australia’s Foxtel, as well as “one of the leading Canadian pay-TV operators.”

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In the U.S, meanwhile, TiVo announced earlier this week that it is integrating its UX into the video service of Pennsylvania’s Service Electric. TiVo also announced this week that it had finished the integration portion of its metadata deal with Dish Network.

RELATED: Pennsylvania’s Service Electric becomes 18th tier 2 MSO to sign on to TiVo whole-home solution

TiVo President and CEO Tom Carson said that the company is also “making progress” on patent litigation with Comcast. In June, the International Trade Commission ruled in TiVo’s favor, ruling that set-tops manufactured by Arris and Technicolor for Comcast violated TiVo patents related to program guides and remote access. 

RELATED: Comcast loses ruling in patent dispute with TiVo

“We are also pleased that as part of the initial determination, none of the six asserted patents was found invalid,” Carson said. “We expect a final determination to be rendered in October.” (A transcript of TiVo’s Thursday earnings call was made available by Seeking Alpha.)

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