* Q3 loss 6 cts/share vs Street view loss 6 cts/share
* Q3 service & tech rev $47.1 mln vs Street view $49.7 mln
* Sees Q4 service & tech rev $43-$45 mln
* Shares dip 0.4 pct after hours
(Adds details on partnerships, CEO comment, bylines)
By Ian Sherr and Gabriel Madway
SAN FRANCISCO, Nov 24 Digital video recorder
maker TiVo Inc (TIVO.O) posted a loss that matched analysts
estimates on Tuesday, with revenue coming in slightly below
expectations, and shares dipped in after-hours trading.
The company also set a revenue forecast for the current
quarter below Wall Street's targets.
TiVo-owned subscription gross additions for the third
quarter totaled 34,000, compared with 44,000 a year ago.
Seeking new revenue streams, the company has licensed its
technology to cable operators and satellite companies such as
DirecTV DTV.O, and provided access to Internet content
through its DVR. The company is also selling its TV viewing
data and analytical services.
TiVo has been embroiled in a long-running patent dispute
with Dish Network Corp (DISH.O) and EchoStar Corp (SATS.O) that
is closely watched by analysts and investors.
In September, a U.S. district court awarded TiVo nearly
$200 million in damages in the case. Dish and EchoStar said
they planned to appeal the latest ruling.
TiVo said Tuesday it was confident about its latest patent
lawsuits against AT&T Inc (T.N) and Verizon Communications Inc
(VZ.N), which began court hearings just recently.
"We remain highly confident that the positions we took in
our brief will prevail," TiVo Chief Executive Tom Rogers said
on a conference call with analysts.
Separately Tuesday, TiVo announced deals with Google Inc
(GOOG.O) to license its TV data, and to create new set-top box
products for Virgin Media [VMEDL.UL].
"We're seeing substantially increased demand for what we do
-- creating products for advanced television services," TiVo's
Rogers told Reuters.
The company reported a net loss of $6.67 million, or 6
cents a share in its third quarter, down from earnings of
$100.63 million, or 98 cents a share, in the year-ago period.
That period included several items amounting to $87.8 million
related to its EchoStar litigation
The latest quarter's results were in line with the average
analyst estimate for a loss of 6 cents a share, according to
Thomson Reuters I/B/E/S.
Revenue fell 11.7 percent to $56.86 million, while service
and technology revenue came in at $47.1 million. Wall Street
was expecting revenue of $49.7 million.
For the fourth quarter, TiVo forecast service and
technology revenue of $43 million to $45 million, and a net
loss in the range of $15 million to $13 million.
Analysts were expecting revenue of $46.2 million for the
Shares of Alviso, California-based TiVo closed at $10.97 on
the Nasdaq and fell to $10.93 after hours.
(Additional reporting by Paul Thomasch; Editing Bernard Orr)
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