Wednesday, March 04, 2015 2:39:45 AM
4:05 PM ET 3/3/15 | Briefing.com
Reports Q4 (Jan) earnings of $0.07 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.04; revenues rose 9.2% year/year to $91.7 mln vs the $89.06 mln consensus.
TiVo reported Adjusted EBITDA of $24.2 million, compared to Adjusted EBITDA guidance of $21 million to $24 million, and compared to Adjusted EBITDA of $19.6 million in the same quarter last year. Net income was $7.1 million, compared to guidance of $2 million to $5 million and a net income of $710,000 in the same quarter last year.Co issues in-line guidance for Q1, sees Q1 revs of $90-92 mln vs. $91.98 mln Capital IQ Consensus; adj. EBITDA $26-29 mln; net income $5-8 mln.
TiVo expects further acceleration from its MSO business, an improving retail business, increasing contribution from Digitalsmiths' products and services, and continued cost and capital structure improvements. We expect these trends to have a positive impact on TiVo's revenue and Adjusted EBITDA growth going forward. "We now stand at about 5.5 million total TiVo subscriptions, a 30% increase over last year and we expect significant growth going forward as existing early phase relationships scale, and as we form new distribution relationships. "
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