Tuesday, March 31, 2020

TIVO REWINDS INTO A BIG LOSS

March 2, 2011 by · Leave a Comment 

TiVo, the company whose name was once synonymous with digital video recorders, reported on Tuesday that it lost 223,000 subscribers in its last quarter, the second-worst quarter for subscriber losses that it has ever experienced. The company reported a loss of $34.4 million during the quarter versus a loss of $9.9 million for the comparable quarter a year ago. Revenue declined 18.7 percent. Shares in the company fell 4.5 percent on Tuesday and were down an additional 7.2 percent to $9.11 at mid-morning trading on the Nasdaq today (Wednesday) after TheStreet.com downgraded its rating to “Sell” from “Hold.”