Expanded distribution agreements including the rollout on Vodafone Spain’s IPTV footprint pushed TiVo towards a 48% year-over-year growth in MSO service revenue.
The advanced TV platform also maintains its own direct to consumer platform, where it saw growth of 37% on the year.
Adjusted EBITDA of $32.4 million compared to Adjusted EBITDA of $29.9 million in the same quarter last year.
Tom Rogers, President and CEO of TiVo, said: “Our relationships with operator partners continue to strengthen and contribute to our strong financial results. We posted accelerating year-over-year MSO service revenue growth and MSO subscriptions now stand at more than five million, an increase of 32% over last year.”
Rogers said TiVo had benefited from Vodafone Spain’s efforts to significantly market its television offering including TiVo as a bundled package to mobile customers. A project to expand TiVo to Vodafone’s fibre-to-the-home customers as well as those on the Ono cable network. He also saw opportunities in Virgin Media’s network expansion under Project Lightning.
In service and software & technology revenues were $99.1 million, a little over the higher end of guidance levels. The acquisition of Cubiware, which provides interfaces to smaller and medium-sized operators, was helping develop international markets.