First quarter results are in for TiVo, and they’re not great: revenue is down 9% from the same quarter last year, forcing the company to report a hefty loss just a few months after recording their first year of profitability, ever.
https://gizmodo.com/tivo-gets-its-first-full-year-of-profitability-5163067
The loss isn’t actually as severe as they expected, and TiVo execs are playing it down. Thing is, the company isn’t suffering because of some obscure recession-related credit problem or internal restructuring—they’re actually seeing subscriptions decline. Not coincidentally, they expect next quarter to be worse. [CNET]
