TiVo reports reduced losses

US-based DVR and interactive TV technology provider TiVo has reported reduced second-quarter losses on better-than-expected revenues.

Service and technology revenues were up 18% to US$49.6 million (€34.4 million), exceeding guidance. TiVo reported a net loss of US$19.6 million, compared with guidance that predicted a net loss of between US$25 million and US$27 million.

Virgin Media, TiVo’s UK customer, had 50,000 TiVo customers live at the end of July.

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