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.
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]