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October 2, 2014

TiVo losses narrow

by Brad Linder, posted Mar 7th 2007 7:50PM
TiVoTiVo is on a roll. The company's partnership with Amazon went live today, and then the company goes on to its financial data -- showing narrower losses than analysts had expected.

TiVo reported $18.7 million in losses during the 4th quarter of 2006. During the same period last year TiVo lost $21.1 million.

TiVo also showed a small increase in its subscriber base, with a total of 4.4 million customers. With TiVo rolling out partnerships with Comcast and Earthlink later this year, it's likely that subscriber base could continue to rise, meaning that TiVo is off to the start of another year in which the company isn't made obsolete by generic cable company PVRs.

TiVo shares rose 20 cents to close at $6.14 today.

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