TiVo Loss Widens

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TiVo reported a second-quarter loss of $6.4 million (7 cents per subscriber), compared to a loss of 900,000 this time last year, with the digital video recorder blaming the steeper loss on increased litigation costs.

TiVo, which has waged patent lawsuits against EchoStar Communications and other rivals, said retail cost cuts for its DVRs also impacted its loss.

The company added 70,000 gross subscribers in the second quarter, a 4% decrease compared to the second quarter of 2005. TiVo picked up 30,000 new net subscribers during the quarter.

TiVo said it expects to post revenue in the range of $54 million to $56 million during the third quarter, and a net loss of $12 million to $17 million.

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