TiVo subscriptions up 32%

The latest report results for TiVo reveal that subscriptions were up 32% to approximately 3.9 million for the period ending 31 October.

The Virgin-owned company reported service & technology revenues of almost $82 million for the third quarter, up 34% year on year.

Gross multiple-system operator (MSO) subscription additions came close to 300,000 – TiVo’s strongest quarter of cable sub additions to date, meaning that the company now covers almost half of the subscribers at Virgin Media and a third at ONO.

“[This is] the best quarter for TiVo subscription growth since TiVo began mass distribution of its technology and services in the cable DVR market,” said Tom Rogers, president and CEO of TiVo.

“This growth is in stark contrast to the loss of video subs throughout the cable industry. The combination of subscription adds, the overwhelming response to the innovation TiVo Roamio represents, and the important audience research embrace from a top brand, demonstrate the progress TiVo has made over the last quarter and last several quarters.”