Comments on TiVo Results Soon

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I know I haven’t made any comments lately here, though I have written some on TCF …

I’ll comment on the QTR results and other issues in the next couple of days.

 Thanks and appologies to the loyal readers who have clicked in vain.

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11 Responses to “Comments on TiVo Results Soon”

  1. HDTiVo Says:

    One significant near term comment was that Q4 marketing spend will be slightly lower than Q3. Maybe that means TiVo has put the breaks on the marketing lunacy they undertook this year, which would be a positive.

  2. HDTiVo Says:

    Sounds like TiVo will offer LT gift option to existing subs so they can gift a LT TiVo to someone else.

  3. HDTiVo Says:

    Comcast $2.95/mo; DTV ARPU a “decent guidepost” to TiVo’s take.

    Sounds like there are still no paying customers yet; infrastructure testing is going on. Marketing gets going “shortly.” Have to compare language to previous comments.

    DTV subs now mixed in with entire MSO category, probably incl. Mexico…

    Correction: there seem to be a few real subs at this point.

  4. HDTiVo Says:

    New sub ARPU well above ARPU, but not described at ~$13 level as before.

    Subs are switching to lower monthly cost contracts from higher ones. This is what I predicted and never expected the high ARPU to last over the life of a sub.

  5. HDTiVo Says:

    As I have said, Rogers admits that ad sales is dependant on sub base, and their low sub base is an inhibitor to the growth of that business.

    Rogers is sounding much more iffy on the potential rate of comcast rollout to various other systems because of infrastructure issues and also about the marketing finding the right formula.

  6. HDTiVo Says:

    TiVo is happy with current interim CFO/financial team.

    It doesn’t sound like they are particularly anxious to find someone permanent.

    TiVo is working with cable to ensure the installation process of cableCARD based TiVoes (incl. SDV dongle in future) goes much better. They are obviously having problems with dissatisfaction of consumers leading to costs, returns and depressed GAs.

    Pricing change of 1yr pre-pay to $129. Partly motivated by lower HW subsidy. Some positive effect toward 1yr from 3yr, but too early to tell whether overall the new pricing will benefit.

  7. HDTiVo Says:

    TiVo’s SAC costs are lower in Canada than US. Less HW subsidy and more expenses paid by distributors.

    Mexico pays SAC cost and provides recurring sub revenue – probably similar to Comcast & DTV levels.

    Lots of international emphasis regarding future opportunities. Somewhat ephemeral as usual, but might help draw in another round of financing this year.

    Mention of “drain” in relation to SA business, as in avoiding it being a “drain.” Good if that means they fix the problems, bad if that means they are giving up.

  8. HDTiVo Says:

    Rogers thinks broadband video will be consumed on demand ala carte. He’s putting his eggs in the wrong basket there. That may be OK near term, but long term subscription all you can eat both on demand via feed will dominate.

    Broadband users have lower churn – of course because they are getting more value – but also they skew newer and therefore aren’t as ready to churn as older ones.

    12M TiVoCast downloads is not particularly impressive.

    Rogers thinks customers perceive TiVo to cost much more than it actually does. Nonsense; they just won’t buy into the price and terms that TiVo has been offering.

  9. HDTiVo Says:

    HW loss: 4.1M rebates

    TiVo apparently spent less than “expected” on marketing. Perhaps more indication that they pulled back from the original plan.

    $700K of inventory reserve used; $10.5M remains; Q4 to use some reserve.

    Increase in gross adds to 69K included slightly better than expected SD activations. 🙂

    Churn increase in part due to amortized LT subs? I guess that is subs that hit 48 mo and haven’t connected in 6 mo.

    Churn also increased due to lack of satellite offering; so TiVo is getting hit by being cable only.

  10. HDTiVo Says:

    TiVo saw an uptick in the MSD sales indicating acceptance of THD in the existing user base. So I guess they just had to raise the price to $9.95 and risk that success. 😮

  11. Moron TiVo’s Q3 « HDTiVo Blog Says:

    […] Notes from call. […]

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