TiVo Corporation is engaged in offering media and entertainment products. The Company's solution provides an all-in-one approach for navigating the ‘content chaos’ by seamlessly combining live, recorded, on-demand, and over-the-top television into one intuitive user interface. The TiVo experience provides TV viewers with simple universal search, discovery, viewing and recording from an array of devices, creating the ultimate viewing experience. The Company's products and services are available at retail or through a growing number of pay-TV operators worldwide. TiVo’s  subsidiary companies provide the broader television industry and consumer electronics manufacturers with cloud-based video discovery and recommendation options, interactive advertising solutions, and audience research and measurement services.
Type
Subsidiary
Parent Company
Rovi
HQ
San Carlos, US
Founded
1997
TiVo was founded in 1997 and is headquartered in San Carlos, US

Key People at TiVo

Thomas Carson

Thomas Carson

President and CEO
Peter Halt

Peter Halt

Chief Financial Officer
Samir Armaly

Samir Armaly

Executive Vice President, Intellectual Property and Licensing
Sean Matthews

Sean Matthews

Executive Vice President, Strategy and Corporate Development
Pamela Sergeeff

Pamela Sergeeff

Executive Vice President, General Counsel and Chief Compliance Officer
Dustin Finer

Dustin Finer

Chief Administrative and Internal Operations Officer
Pete Thompson

Pete Thompson

Executive Vice President and Chief Operating Officer

TiVo Office Locations

TiVo has offices in San Carlos and New York
San Carlos, US (HQ)
2 Circle Star Way
New York, US
150 East 52nd Street 15th Floor

TiVo Data and Metrics

TiVo Summary

Founding Date

1997

Total Funding

$200 m

Investors

TiVo is a subsidiary of Rovi

TiVo Financial Metrics

TiVo's revenue was reported to be $107.7 m in Q2, 2016
USDFY, 2016

Revenue

489.6 m

Cost of goods sold

196.5 m

Gross profit

293.1 m

Gross profit Margin, %

60%

Sales and marketing expense

46.7 m

R&D expense

107.8 m

General and administrative expense

59.8 m

Operating expense total

214.3 m

EBIT

54.4 m

EBIT margin, %

11%

Interest income

4.2 m

Pre tax profit

38 m

Income tax expense

(16.3 m)

Net Income

21.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Revenue

117.3 m107.1 m111.9 m118.4 m114.7 m119.5 m132.3 m107.3 m107.7 m

Cost of goods sold

49.9 m38.2 m41.9 m49.7 m44.1 m44.1 m59 m34.1 m33.8 m

Gross profit

67.4 m68.9 m69.9 m68.7 m70.6 m75.4 m73.3 m73.2 m73.9 m

Gross profit Margin, %

57%64%63%58%62%63%55%68%69%

Sales and marketing expense

10.2 m10.3 m10.3 m10.5 m10.9 m11.9 m12.2 m10.5 m9.7 m

R&D expense

27.2 m26.3 m25.1 m25.5 m25 m26.3 m28 m28 m22 m

General and administrative expense

15.8 m15.4 m15.8 m14.3 m14.8 m15.9 m13.5 m20.6 m17.8 m

Operating expense total

53.3 m52 m51.1 m50.4 m50.8 m54.1 m53.7 m59 m49.5 m

EBIT

11.5 m15.4 m17.6 m15.6 m18.1 m20.2 m16 m9.3 m23.4 m

EBIT margin, %

10%14%16%13%16%17%12%9%22%

Interest income

1.1 m1.1 m964 k1.1 m885 k953 k1.1 m1.3 m1.2 m

Pre tax profit

10.5 m14.5 m16.6 m13.5 m14.2 m16.1 m11.1 m6.2 m21.3 m

Income tax expense

(6.4 m)(6.3 m)(7.7 m)(5.8 m)(2 m)(7.9 m)

Net Income

12.5 m8.1 m9.3 m6.3 m7.9 m8.3 m5.3 m4.2 m13.4 m
USDFY, 2014FY, 2015FY, 2016

Cash

253.7 m178.2 m159.4 m

Inventories

22.3 m20.3 m17.5 m

Current Assets

1.2 b878.2 m736.7 m

Goodwill

12.3 m99.4 m108.7 m

Total Assets

1.3 b1.2 b1.1 b

Accounts Payable

22.9 m29.4 m21.2 m

Current Liabilities

247.9 m259.3 m373.4 m

Non-Current Liabilities

504.8 m608.9 m375.5 m

Total Liabilities

752.7 m868.2 m749 m

Additional Paid-in Capital

1.1 b1.2 b1.3 b

Retained Earnings

(410.5 m)(379.7 m)(358 m)

Total Equity

344.9 m

Financial Leverage

3.2 x
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

196.3 m97.9 m113.6 m148.2 m145.9 m173 m140.9 m117.5 m444.6 m

Inventories

18.5 m22.9 m16.5 m16.9 m22.4 m17.4 m20.5 m17.6 m13.8 m

Current Assets

1.2 b938.7 m975 m1.1 b814.9 m837.3 m799.9 m584.4 m607.8 m

Goodwill

12.3 m99.2 m99.3 m99.4 m99.4 m109.6 m109.2 m109.2 m109.1 m

Total Assets

1.3 b1.2 b1.2 b1.3 b1.1 b1.2 b1.1 b933.9 m948.3 m

Accounts Payable

33.3 m21.6 m19.9 m27.8 m24 m23.3 m33.4 m22 m19.4 m

Current Liabilities

252.4 m234.3 m234.3 m248.6 m404.6 m412.5 m384.7 m227.8 m228 m

Non-Current Liabilities

530.8 m479.4 m485.5 m638.5 m410.2 m429.5 m405.5 m355.2 m347.6 m

Additional Paid-in Capital

1.1 b1.1 b1.1 b1.2 b1.2 b1.2 b1.2 b1.3 b1.3 b

Retained Earnings

(411.2 m)(402.4 m)(393.1 m)(386.7 m)(371.8 m)(363.5 m)(358.2 m)(353.8 m)(340.4 m)

Total Equity

320.2 m330.3 m350.9 m372.7 m

Financial Leverage

3.6 x3.4 x2.7 x2.5 x
USDFY, 2014FY, 2015FY, 2016

Net Income

271.8 m30.8 m21.7 m

Accounts Receivable

4.7 m(2.2 m)(13.9 m)

Inventories

(7.8 m)2 m2.8 m

Accounts Payable

(1.5 m)5.2 m(8.2 m)

Cash From Operating Activities

495 m22.9 m288 k

Purchases of PP&E

(6.3 m)(6.5 m)

Cash From Investing Activities

(296.6 m)37.1 m39.6 m

Cash From Financing Activities

(101.9 m)(135.5 m)(58.3 m)

Interest Paid

6.9 m6.9 m11.7 m

Income Taxes Paid

3.3 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Net Income

12.5 m8.1 m9.3 m6.3 m7.9 m8.3 m5.3 m4.2 m13.4 m

Inventories

18.5 m22.9 m16.5 m16.9 m22.4 m17.4 m20.5 m17.6 m13.8 m

Accounts Payable

33.3 m21.6 m19.9 m27.8 m24 m23.3 m33.4 m22 m19.4 m

TiVo Operating Metrics

FY, 2014FY, 2015FY, 2016

Total Acquisition Costs (TiVo)

$25.22 m$22.67 m$5.53 m$4.59 m$28.65 m$28.9 m$27.88 m$26.96 m

Subscription Acquisition Costs (TiVo)

$200$147$142$124$153$1.55 k$146$143

Average Revenue per User (TiVo)

$8.01$7.8$7.43$7.4$7.22$7.25$6.62$6.59

Churn Rate (TiVo)

($0.19)($0.19)($0.01)($0.01)($0.01)($0.17)($0.01)($0.01)

Patents Issued

388467533

Patents Pending

3583.33 k298

Cumulative Subscribers

4.21 k5.47 k5.76 k6.04 k6.47 k6.8 k7.12 k7.36 k

Net Subscriber Additions

1.06 k1.26 k2852814291.33 k315236

Average Subscriptions

3.64 k4.83 k5.61 k5.89 k6.24 k6.1 k6.96 k7.24 k

Households (MSO)

2.91 k3.89 k4.08 k4.29 k4.61 k4.84 k5.07 k5.21 k

Gross Subscriber Additions (TiVo)

1261543937521884235

Subscription Cancellations (TiVo)

(189)(176)(39)(40)(41)(161)(39)(38)

    TiVo Median Salaries

    Source: 86 public H-1B filings from TiVo

    Traffic Overview of TiVo

    TiVo Online and Social Media Presence

    TiVo Company Life and Culture

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