TiVo Beats Analyst Expectations with Quarterly Earnings

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

Last Updated: November 30, 2009 @ 5:41 AM

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.