TiVo Posts 1Q Loss As Revenue Falls Nearly 10 Pct

TiVo Inc. on Wednesday reported a smaller-than-expected loss for the first quarter even as revenue fell by nearly 10 percent and higher operating costs cut into its bottom line.

The maker of digital video recorders that let viewers watch their favorite TV shows at their convenience posted a loss of $4.1 million, or 4 cents per share, in the quarter ended April 30. That's down from a profit of $3.6 million, or 4 cents per share, in the year-ago period.

Total revenue slipped to $54.9 million from $60.8 million, as service and technology revenue declined to $48.5 million from $54.9 million in the year-earlier period. ...