Entertainment technology and audience insights specialist TiVo has reported financial results for the first quarter ended March 31st 2017.
The Company reported first quarter revenue of $206 million (€187.7m), an increase of 74 per cent compared to $118 million in the first quarter of 2016. As expected, revenues were higher than in the comparable period of the prior year due to the acquisition of TiVo Solutions in the third quarter of 2016, which contributed $85 million in revenues in the current quarter. First quarter 2017 Net loss was $35 million, compared to a Net loss of $18 million for the first quarter of 2016.
Source: TiVo Q1 up 74% |