Digital video recorder maker TiVo Inc. Friday said it added 698,000 subscribers in its fiscal fourth quarter, bringing its total to over 3 million.
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The Alviso, California-based company said it added 447,000 customers through satellite television provider DirecTV Group Inc., and 251,000 "TiVo-owned", or stand-alone, users in the period ended on Jan. 31.
The stand-alone users, who typically buy a TiVo DVR at a retail store and pay about $13 a month for the service, typically generate far more profits for the company than do the DirecTV users.
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TiVo, which has been criticized by analysts for not growing more quickly the "TiVo-owned" users, earlier this month stood by an estimate that it added 200,000 to 275,000 stand-alone subscribers in its fiscal fourth quarter. In November, TiVo had said it expected a total of 575,000 to 700,000 new subscribers in the quarter.
Shares of TiVo rose to $3.89 in premarket trade on the INET electronic brokerage, up from a close of $3.62 on Thursday on Nasdaq.














