Tivo’s Quarterly Revenue Rises on Higher Subscriptions

(Reuters) – Tivo Inc reported a higher quarterly revenue as subscriptions of its trademark digital video recorders rose 41 percent.

Revenue rose 7 percent to $65.3 million.

Net loss widened to $27.7 million, or 23 cents per share, in the second quarter, from $19.6 million or 17 cents per share, a year earlier.

(Reporting by Chandni Doulatramani in Bangalore; Editing by Sriraj Kalluvila)

Article source: http://www.nytimes.com/reuters/2012/08/29/technology/29reuters-tivo-results.html?partner=rss&emc=rss