TiVo’s Latest Annual Report ($16.2 million from Comcast)
Today, TiVo published their annual report which contains at least two pieces of information that I found interesting. According to the report, TiVo earned $16.2 million in revenue directly from the Comcast TiVo partnership. The report also states that the Comcast and Cox roll outs are expected to launch in FY08.
………. Development and deployment of the TiVo service software solution for Comcast and Cox are expected to launch in initial markets during fiscal year 2008. During fiscal year 2008, we expect to recognize technology revenue associated with the development work from our Comcast and Cox agreements.
Service and Technology Revenues. Our service and technology revenues, which include subscription fees received for the TiVo service, advertising fees, and engineering and licensing fees, increased $47.1 million or 28% during the fiscal year ended January 31, 2007 compared to the prior fiscal year. This increase was primarily due to an increase in our cumulative TiVo-Owned subscription installed base of approximately 235,000 net TiVo-Owned subscriptions during the fiscal year ended January 31, 2007, coupled with $16.2 million in technology revenues from licensing and engineering work recognized from our Comcast Agreement.
The report contains a lot of other useful information which I just don’t have time to go over right now. Feel free to read the report for yourself if you’re into that kind of thing. I may try and summarize the report a little more tomorrow but for now I just need to get to bed since I have to get up early….