TiVo Beats Analyst Expectations with Quarterly Earnings

Company will become supplier of DVR software to Virgin Media UK.

While reporting quarterly financial results that bested expectations, TiVo said Tuesday it will become a primary supplier of DVR software to Virgin Media UK, giving it access to about 4 million consumers.

TiVo CEO Tom Rogers also boasted that its longtime association with Comcast could be close to bearing some more-meaningful fruit now that technological hurdles have been met and the giant cabler is marketing TiVo again in certain parts of the country.

The company reported revenue that dipped 12% to $56.9 million and a net loss of $6.7 million, reversing a $100.7 million profit in the year-ago quarter that was boosted by money EchoStar was ordered to pay TiVo as a result of a victory in a patent lawsuit.

Read more at the Hollywood Reporter.