TIVO - TiVo Corporation

NasdaqGS - NasdaqGS Real-time price. Currency in USD
8.51
-0.01 (-0.06%)
At close: 4:00PM EST
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Previous close8.51
Open8.49
Bid8.48 x 3200
Ask8.55 x 4000
Day's range8.46 - 8.59
52-week range6.61 - 11.78
Volume899,111
Avg. volume1,155,941
Market cap1.077B
Beta (5Y monthly)0.17
PE ratio (TTM)N/A
EPS (TTM)-3.82
Earnings date23 Feb 2020 - 27 Feb 2020
Forward dividend & yield0.32 (3.83%)
Ex-dividend date02 Sep 2019
1y target est14.00
  • Hate TV Ads? Peacock May Change Your Mind
    Bloomberg

    Hate TV Ads? Peacock May Change Your Mind

    (Bloomberg Opinion) -- Comcast Corp.’s soon-to-launch Peacock service shows that advertising is the future of streaming TV. Consumers may be OK with that. On Thursday, the cable giant’s NBCUniversal entertainment division showcased Peacock to investors ahead of the app’s soft launch slated for April 15. Like Netflix, Disney+ and HBO Max (and to some extent, the content-lite Apple TV+), Peacock offers a library of movies; older and current network TV shows, such as “The Office” and “This Is Us”; and original programming made exclusively for its streaming audience. But it differs from the other services in one significant way: Peacock’s primary source of revenue will be ads, not subscriptions, allowing viewers the option of streaming for free. Let’s face it, paying for individual streaming-video apps at $7, $13 and $15 a pop isn’t all that cord-cutting was cracked up to be. The streaming-TV subscription model is brand new and broken. One app isn’t enough, yet having multiple subscriptions can get so expensive customers are left to wonder why they even got rid of cable. The streaming wars haven’t been a delight for the entertainment giants and their shareholders, either: These new apps are extremely costly to build and to stock with content, and they’ll cannibalize the larger revenue streams generated by traditional TV networks. Put it this way: TV just seems to work better for everyone when the consumer is the product, able to be sized up by advertisers desperate for a few moments of our time in hopes of activating a shopping reflex.Anecdotally, it’s said that viewers can’t stand ads. But in fact, research has shown that the No. 1 gripe for video subscribers is how much they’re paying. In a survey of about 6,000 North Americans conducted for TiVo Corp. toward the end of last year, about 70% said their reason for cutting the cord was that pay TV was too expensive. A separate survey by Ampere Analysis Ltd. similarly found price to be by far the biggest motivator for consumers switching to ad-supported apps, and 39% said they don't mind seeing ads while they watch. “We continue to believe consumers do not hate ads,” Rich Greenfield, an analyst for LightShed Partners, wrote in a report this week. “They hate heavy ad loads of un-targeted, repetitive ads in contrast to Instagram where the ads feel more like content.” Peacock is promising just five minutes of ads per hour.Media companies developing streaming services shouldn't underestimate the power of “free,” my colleague Sarah Halzack and I wrote last year in a column highlighting the appeal of ad-supported streaming offerings, such as Tubi, The Roku Channel and Pluto TV, which is now owned by ViacomCBS Inc. But compared to the quality of those apps, Peacock doesn’t feel free — it has plenty of premium content, carefully thought-out navigation and features, and with the option to watch some programming live and other stuff on-demand. A fuller content library can be accessed with Peacock Premium for $5 a month, although Comcast subscribers — even those who only have internet service — can get that version at no extra cost. For $10 a month, Peacock can be ad-free. But Comcast is probably hoping everyone will opt for the ads. About 70% of Hulu’s subscribers are on its ad-supported version, Peter Naylor, who heads up advertising sales for Hulu, said at a conference last year. And according to LightShed’s Greenfield, Hulu makes more money from its ad-supported version than from its ad-free subscriptions.For Comcast, it’s about “light advertising and bundling,” Jeff Shell, the newly installed CEO of the NBCUniversal unit, said during Thursday’s presentation. It’s one of the first signs of ”the great re-bundling” that I wrote about in November, as media giants realize they need to do something about the big consumer pain point of streaming: too many subscriptions.Comcast predicts Peacock will have at least 30 million active accounts and $2.5 billion of revenue by 2024, and that Ebitda will break even by then. Walt Disney Co. estimates Disney+ will turn profitable that same year, but it will take at least twice as many subscribers paying about $7 a month to do so. Similarly, AT&T Inc. is forecasting HBO Max won’t start making money until 2025, even though its fee is $15 a month. Meanwhile, Netflix has insisted it won’t adopt ads, despite the company’s $19 billion of content obligations as it burns through billions of dollars of cash each year.Of course, if ads are the name of the game, the industry has work to do to make them less annoying. Hulu, which is controlled by Disney, has been on the forefront of trying new advertising methods that are less interruptive than traditional commercials. It rolled out “pause ads” last year, which promote a brand’s product on screen while a video is paused.Comcast may be the only media giant to fully embrace ads so far for its streaming debut, but others will probably transition to a model more like Peacock’s over time. After all, birds of a feather flock together.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Streaming Competition Intensifies as TiVO Jumps on Bandwagon
    Zacks

    Streaming Competition Intensifies as TiVO Jumps on Bandwagon

    The new TiVo (TIVO) Stream 4K is an HDMI dongle designed to compete with streaming devices like Fire TV, Google Chromecast and Roku Streaming Stick.

  • Business Wire

    TiVo Adds New Content Partners to Expand Its Video Network TiVo+

    TiVo (NASDAQ: TIVO), the company that brings entertainment together, today announced a collection of new content partners for its video network, TiVo+™. An additional 23 new channels to join the current lineup of 26 free streaming channels currently available on TiVo+. Available exclusively to TiVo customers, TiVo+ delivers free live streaming channels and thousands of movies and TV shows to viewers in an app-free environment, making them easy to find, watch, and enjoy.

  • TiVo announces a $49.99 device that combines streaming and live TV
    TechCrunch

    TiVo announces a $49.99 device that combines streaming and live TV

    Shull said the device is a "tiny little HDMI puck" that's designed to reach a much broader group than the existing TiVo customer base, providing both streaming and live TV content to cord cutters and cord shavers. "We believe for users that see value in live TV, which is the majority of American households, they want something to unify and marry the worlds of live TV and streaming, instead of having separate set top boxes or separate apps," added VP of Product Chris Thun. In fact, TiVo is also announcing the addition of 23 new channels to TiVo+, bringing the total count to 49.

  • Business Wire

    TiVo Unveils TiVo Stream 4K

    CES 2020—TiVo (NASDAQ: TIVO), the company that brings entertainment together, today announced TiVo Stream 4K™, an easy-to-use streamer with live TV and Cloud DVR from the Sling TV app, plus leading content services. It gives consumers the power to create the bundle they want across multiple entertainment sources using a smart, intuitive interface making it simple to find, watch and enjoy.

  • Business Wire

    TiVo Corporation to Present at 22nd Annual Needham Growth Conference

    TiVo Corporation (NASDAQ: TIVO), the company that brings entertainment together, today announced that Dave Shull, President & CEO, will present at the 22nd Annual Needham Growth Conference in New York, NY on Tuesday, January 14, 2020 at 11:20 a.m. ET.

  • Moving Average Crossover Alert: TiVo
    Zacks

    Moving Average Crossover Alert: TiVo

    TiVo Corporation (TIVO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • Business Wire

    TIVO ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of TIVO and Encourages Investors to Contact the Firm

    Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of TiVo Corporation (NASDAQ: TIVO) breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed merger with Xperi Corporation.

  • TiVo Nears All-Stock Merger Agreement With Xperi
    Bloomberg

    TiVo Nears All-Stock Merger Agreement With Xperi

    (Bloomberg) -- TiVo Corp., the inventor of the digital video recorder, and technology licensor Xperi Corp. agreed to merge in an all-stock transaction that gives the combined company an equity value of $2.4 billion.The deal values TiVo at a 21% premium to Wednesday’s closing price. TiVo shareholders would own 54% of the combined company, which would be run by Xperi Chief Executive Officer Jon Kirchner, according to a statement on Thursday, confirming an earlier Bloomberg News report.Combining the companies could create at least $50 million in savings, according to the statement. The transaction also puts on hold TiVo’s announced plan to spin off its intellectual property unit.TiVo rose as much as 8.9% to $8.59 in New York trading Thursday, giving the company a market value of about $1.1 billion. Xperi fell as much as 12% to $18.45, giving the company a market value of about $913 million.San Carlos, California-based TiVo’s name became a verb in the 2000s, when it pioneered set-top hardware that let people record television shows and skip commercials. It lost ground in recent years to rivals including Roku Inc. and Apple Inc. that introduced set-top boxes that were cheaper and easier to use.The company, which merged with rival Rovi Corp. in 2016, retained a financial adviser last year to explore strategic alternatives.In May, it announced plans to split in two by spinning off its patent portfolio in the first half of 2020. That would have left TiVo with its product division, which offers streaming devices, digital video recording and software services.Xperi, based in San Jose, California, licenses software that is used for playing back high-definition sounds on consumer electronics and imaging software that enables mobile-phone cameras to recognize faces, according to its website.The company also licenses designs for the semiconductor industry.Xperi’s customers include include Samsung Electronics Co., which was responsible for about 38% of its revenue in 2018, according to its annual report.Centerview Partners and Skadden, Arps, Slate, Meagher & Flom advised Xperi, while LionTree Advisors and Cooley advised TiVo.(Updates with shares in fourth paragraph.)To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, John J. Edwards IIIFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TiVo merges with technology licensor Xperi in $3 billion deal
    TechCrunch

    TiVo merges with technology licensor Xperi in $3 billion deal

    Earlier this year, TiVo said it was preparing to split itself into two -- a product and IP business -- in order to make itself more attractive to buyers. Today, the company announced those plans have been put on hold as it has instead merged with technology licensor Xperi Corporation, in a $3 billion deal. This will allow the newly combined company to sell off one of those units to a strategic buyer at a later date.

  • Business Wire

    Xperi and TiVo to Combine, Creating a Leader in Consumer & Entertainment Technology and IP Licensing

    Xperi Corporation (Nasdaq: XPER) and TiVo Corporation (Nasdaq: TIVO) today announced they entered into a definitive agreement to combine in an all-stock transaction, representing approximately $3 billion of combined enterprise value. The transaction creates a leading consumer and entertainment technology business and one of the industry’s largest intellectual property (IP) licensing platforms with a diverse portfolio of entertainment and semiconductor intellectual property.

  • Business Wire

    VideoAmp Extends TV Viewership Panel to Fuel Its Smart TV & Set-Top Box Data Commingling Strategy via Partnership with TiVo

    VideoAmp Extends TV Viewership Panel to Fuel its Smart TV & Set-Top Box Data Commingling Strategy via Partnership with TiVo

  • Why Is TiVo (TIVO) Up 1.3% Since Last Earnings Report?
    Zacks

    Why Is TiVo (TIVO) Up 1.3% Since Last Earnings Report?

    TiVo (TIVO) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Business Wire

    TiVo Launches Prime Video App to Its Pay-TV Operator Customers Nationwide

    Millions of households can access Amazon Originals, hit TV shows and popular movies via the Prime Video App on the TiVo Platform

  • Business Wire

    TiVo Corporation to Present at Upcoming Investor Conferences

    TiVo Corporation , the company that brings entertainment together, today announced that Dave Shull, President & CEO, will present at two upcoming investor conferences.

  • Are Investors Undervaluing TiVo (TIVO) Right Now?
    Zacks

    Are Investors Undervaluing TiVo (TIVO) Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Business Wire

    TiVo Corporation Announces Completion of Refinancing

    TiVo Corporation (TIVO), TiVo Corporation (TIVO), the company that brings entertainment together, today announced that on November 22, 2019, the Company entered into a new $715.0 million five-year Term Loan Credit Agreement with HPS Investment Partners, LLC as administrative and collateral agent, plus a $60M Revolving Loan Credit Agreement with Morgan Stanley Senior Funding, Inc. and Wells Fargo Bank, National Association. TiVo used the proceeds of the new Term Loan Credit Agreement to repay loans under its existing term loan B facility and add cash to the balance sheet in anticipation of the spin-off of its Product business. TiVo Corporation intends to pay-off the remaining balance of its exiting 2020 Convertible Senior Notes when they mature with cash on hand, and the Revolving Loan Credit Agreement provides additional flexibility to facilitate the separation of the two businesses.

  • Is TiVo (TIVO) a Great Value Stock Right Now?
    Zacks

    Is TiVo (TIVO) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • TiVo (TIVO) Posts Wider Loss in Q3, Beats Revenue Estimates
    Zacks

    TiVo (TIVO) Posts Wider Loss in Q3, Beats Revenue Estimates

    TiVo's (TIVO) third-quarter 2019 results reflect solid growth in core IP Licensing revenues.

  • TiVo (TIVO) Reports Q3 Loss, Tops Revenue Estimates
    Zacks

    TiVo (TIVO) Reports Q3 Loss, Tops Revenue Estimates

    TiVo (TIVO) delivered earnings and revenue surprises of -126.67% and 5.91%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    TiVo Corporation Reports Third Quarter 2019 Financial Results

    Strong Third Quarter Including 8% Growth in our IP Licensing Business Continued to Streamline the Business Operations in Preparation for Spin Launched TiVo+

  • TiVo (TIVO) to Report Q3 Earnings: What's in the Cards?
    Zacks

    TiVo (TIVO) to Report Q3 Earnings: What's in the Cards?

    TiVo's (TIVO) third-quarter results are likely to reflect higher licensing agreement wins.

  • We Think TiVo (NASDAQ:TIVO) Can Stay On Top Of Its Debt
    Simply Wall St.

    We Think TiVo (NASDAQ:TIVO) Can Stay On Top Of Its Debt

    Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...

  • TiVo (TIVO) Gains As Market Dips: What You Should Know
    Zacks

    TiVo (TIVO) Gains As Market Dips: What You Should Know

    TiVo (TIVO) closed the most recent trading day at $8.23, moving +1.6% from the previous trading session.

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