TiVo Sees Surge In Subscriptions Thanks To Cable Deals; Reports Service Revenues Of $61M, Net Income Of $59M In Q3

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http://techcrunch.com – TiVo announced reported solid third-quarter financials, thanks to subscription growth from pay TV partners and the first payments in litigation it settled with Verizon earlier this year. It reported service and technology revenues of $61 million, which was up 18 percent from a year ago. It also reported net income of $59 million, which was bolstered by $78.4 million from litigation proceeds due to the Verizon settlement. A few years ago, TiVo looked like it was on the brink of dying. As pay TV operators began offering their own leased DVRs, consumer interest in TiVo’s hardware waned. Wit (IT news)