TiVo (TIVO) - Get Report reported smaller-than-expected losses in its latest quarter.

The digital video recorder company also reported subscriber growth figures ahead of expectations. But the number of subscribers TiVo signed up on its own -- as opposed to through partner

DirecTV

(DTV)

-- appeared to fall short of analysts' hopes.

Shares fell 12 cents Tuesday to close at $5.88, then rose 7 cents after hours once the quarterly numbers were released.

For the third quarter ended Oct. 31, TiVo reported a net loss of $26.4 million, or 33 cents per share, compared to a loss of $7.4 million, or 11 cents per share, in the corresponding quarter one year earlier.

Analysts surveyed by Thomson First Call had predicted a 44 cent loss per share.

Service revenues -- the figure that a number of Tivo analysts focus on -- amounted to $27.7 million, up 73% from the third quarter of the prior fiscal year. Net revenues including hardware sales amounted to $38.3 million, down from $43.3 million in the year-ago quarter.

The company added 419,000 net new subscribers in the quarter -- more than double the number from the year-ago quarter -- bringing the total subscriber count to 2.3 million. Of those, 316,000 came from TiVo's relationship with DirecTV, while 103,000 were classified as TiVo-owned.

Analysts from American Technology Research and Stanford Group had expected TiVo-owned new subscribers of at least 110,000, and they had expected DirecTV subscribers to be in the neighborhood of 275,000.

Investors are less enamored of the DirecTV subscriber adds than of TiVo's own gains because there is some suspicion that DirecTV -- a recently minted affiliate of Rupert Murdoch's

News Corp.

(NWS) - Get Report

-- will sooner or later adopt a rival digital video recorder technology and sever its ties with TiVo.

For the fourth quarter ending Jan. 31, TiVo management guided for a record 575,000 to 700,000 subscriber additions, comprising 200,000 to 275,000 net TiVo-owned additions and 375,000 to 425,000 DirecTV additions.