TiVo revenue rises on higher subscriptions

Tue Feb 26, 2013 4:10pm EST

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(Reuters) - Digital video recorder pioneer TiVo Inc reported a higher quarterly revenue as its subscription base expanded.

Net loss was $15.8 million, or 13 cents per share, in the fourth quarter, compared with a profit of $7.2 million, or 6 cents per share, a year earlier.

Revenue rose 34 percent to $88.9 million.

Number of subscriptions rose 38 percent in the quarter.

(Reporting by Neha Alawadhi in Bangalore; Editing by Sreejiraj Eluvangal)

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