Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
DVR pioneer TiVo reported a $4.1 million net loss for the fiscal first quarter on a 10 percent revenue decline to $54.9 million. Net profits during the year-ago period were $3.6 million.
For the same period, which ended April 30, the company reported a 54 percent drop in adjusted earnings before interest, taxes, depreciation and amortization to $5.1 million.
TiVo previously indicated that its loss for the quarter could be $6 million, with adjusted EBITDA as low as break-even.
The company cited the economy, which it said has “hit the consumer-electronics industry particularly hard,” as a factor in its weaker results, as well as costs related to its copyright-infringement suit against EchoStar.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in