TiVo Inc. added 434,000 net subs in Q3, extending its totals beyond the 4 million mark. However, its gross subscription additions were 92,000 for the period, down from 119,000 a year earlier.
Despite breaching the 4 million subscriber mark, TiVo continued to be plagued by the way it obtains most of its customers - from DirecTV. According to TiVo, 379,000 of the net subs added in Q3 (about 87 percent) were DirecTV customers.
On the financial end, TiVo's "service and technology" revenues rose 52 percent to $43.2 million, and its net loss narrowed to $14.2 million (17 cents per share) versus $26.4 million (33 cents per share) a year ago.
Looking ahead, TiVo expects revenues to be in the range of $43.5 million to $45.5 million, with a net loss of between $17 million to $22 million.
Separately, TiVo said it has partnered with Intel Corp. to develop an application that works with the chipmaker's "Viiv" portable media technology.
The partnership will extend the DVR pioneer's "TiVoToGo" by enabling TiVo subs to securely transfer recorded programs from the Series2 DVR to Viiv-powered PCs and other devices. The app is expected to be out by the first half of 2006.