TiVo (TIVO) Q4 Revenues Beat

TiVo (NASDAQ: TIVO) reported Q4 EPS of ($1.75), versus $2.33 reported last year. Revenue for the quarter came in at $175.2 million versus the consensus estimate of $168.7 million.

“The Company continues to execute and reported strong solid financial results in the quarter, delivering revenue and Adjusted EBITDA above the top end of our expectations,\" said Dave Shull, President and Chief Executive Officer. “The Company continues to drive initiatives that will deliver long-term profitable growth. In our IP business, we added a multi-year patent license agreement with a significant social media customer. We unveiled TiVo Stream 4K, a unique product for the streaming wars, to a phenomenal set of press reviews at CES in January, receiving multiple \'best of show\' awards. In addition, we are making progress toward completing our combination with Xperi and are excited about the prospects for the combined company.”

GUIDANCE:

TiVo sees FY2020 revenue of $650-690 million, versus the consensus of $680.5 million.

For earnings history and earnings-related data on TiVo (TIVO) click here.

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