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TiVo is working with advertisers and agencies to develop PayPal-enabled commercials, allowing people to make instant purchases through interactive ads on their video recorders.
Senh: Now this is interesting: bringing interactive ads from the web to TV.
TiVo late Tuesday reported better-than-expected results for its fiscal first quarter ended April 30. For the quarter, the DVR seller posted revenue of $45.7 million and diluted EPS of $1.04 a share, with adjusted EBITDA of $149.4 million. The Street had been expecting revenue if $42 million and a loss of 31 cents a share. Adjusted EBITDA and net income reflect litigation proceeds of $175.7 million from the company’s recent patent infringement settlement with Dish Network.
TiVo posted a wider first-quarter loss on mounting research-and-development spending and patent-litigation costs related to its "time-warping" digital-video-recorder technology.
Senh: How is Tivo still around when pretty much every cable company has their own DVR's?