February 18, 2005 - ALVISO, Calif. - TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), announced that as of January 31, 2005, its subscription base exceeded 3 million. TiVo added approximately 698,000 total net subscriptions during its fourth quarter ended January 31, 2005, including approximately 251,000 TiVo-Owned subscriptions and 447,000 DIRECTV with TiVo subscriptions.
"Last year, we launched an aggressive growth plan that included increasing our subscription acquisition spending to grow our base, strengthen our market position, and fuel our recurring revenue model," said Mike Ramsay, TiVo's Chairman and CEO. "We accomplished our goal of doubling our sub base to over 3 million subscriptions."
About TiVo Inc.
Founded in 1997, TiVo Inc. (NASDAQ: TIVO), a pioneer in home entertainment, created a brand new category of products with the development of the first digital video recorder (DVR). Today, the Company continues to revolutionize the way consumers watch and access home entertainment by making TiVo the focal point of the digital living room, a center for sharing and experiencing television, music, photos and other content. TiVo connects consumers to the digital entertainment they want, where and when they want it. The Company is based in Alviso, Calif. Additional information can be found at www.tivo.com.
This release contains certain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements relate to,
among other things, TiVo's business, services, business development, strategy, customers
or other factors that may affect future earnings or financial results. Forward-looking
statements generally can be identified by the use of forward-looking terminology
such as, "believe," "expect," "may," "will," "intend," "estimate," "continue," or
similar expressions or the negative of those terms or expressions. Such statements
involve risks and uncertainties, which could cause actual results to vary materially
from those expressed in or indicated by the forward-looking statements. Factors
that may cause actual results to differ materially include delays in development,
competitive service offerings and lack of market acceptance, as well as the "Factors
That May Affect Future Operating Results." More information on potential factors
that could affect the Company’s financial results is included from time to time
in the Company’s public reports filed with the Securities and Exchange Commission,
including the Company’s Annual Report on Form 10-K for the fiscal year ended January
31, 2004, and the Quarterly Reports on Form 10Q for the period(s) ended April 30,
2004, July 31, 2004, October 31, 2004, filed with the Securities and Exchange Commission.
We caution you not to place undue reliance on forward-looking statements, which
reflect an analysis only and speak only as of the date hereof. TiVo disclaims any
obligation to update these forward-looking statements.
TiVo, Season Pass, WishList, TiVo Basic are registered trademarks of TiVo Inc. in the United States and other jurisdictions. All other company or product names mentioned may be trademarks or registered trademarks of the respective companies with which they are associated.