TiVo Sees Surge In Subscriptions Thanks To Cable Deals; Reports Service Revenues Of $61M, Net Income Of $59M In Q3

TiVo reported solid third-quarter financials thanks to subscription growth from MSOs and payments in litigation it settled with Verizon earlier this year. It reported service and technology revenues of $61 million, which was up 18 percent from a year ago. It also reported net income of $59 million, which was bolstered by $78.4 million from litigation proceeds due to the Verizon settlement.

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