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TiVo Third-Quarter Loss Narrows

The company adds 46,000 subscribers on a net basis.


(TIVO) - Get TiVo Corp. Report

posted a narrower third-quarter loss Thursday and predicted it would reach cash-flow breakeven in the fourth period.

For the quarter ended Oct. 31, TiVo's loss narrowed to $11.5 million, or 23 cents a share, from the year-ago $34.5 million, or 81 cents a share. Revenue jumped to $12.7 million from $5.3 million a year ago. The company said it now has 510,000 subscribers.

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The maker of digital video recorders said it expected to post a fourth-quarter operating loss of around $16 million, giving it a breakeven quarter on an adjusted earnings before interest, taxes, depreciation and amortization basis. The company also expects its subscriber base to double by the end of next fiscal year.

Ahead of the postclose report, shares of TiVo rose a penny to close at $6.24.