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TiVo breaks even

Peter Rojas
08.24.05
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This wasn't expected to happen until sometime next year, but TiVo achieved something of a milestone today: the company reported that for the first time ever it managed to make more money than it lost, with revenues surging 46% over the same quarter last year. We're not quite ready to call off the Deathwatch just yet, though — TiVo only reported a meager $240,000 in profit and they're anticipating a pretty serious loss of $20 to $25 million for the current quarter. Still, it seems like things have been picking up for them lately — they scored that major deal with Comcast back in March and they're currently getting ready to rollout their new TiVo Download service — so we're cautiously optimistic that this won't be the last time they report a profitable quarter.

[Via PVRWire]

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