TiVo’s stock rose 4.7 percent in after-market trading Tuesday after the TV services’ company beat first-quarter estimates on strong subscriber growth.
Earnings fell 2.5 percent in the period, to $7.9 million, or 8 cents per share, from $8.1 million, or 7 cents, last year. Per share profit rose on fewer shares outstanding.
Revenue gained 7.1 percent to $115 million.
Wall Street was expecting $111.8 million and 7 cents.
The report boosted TiVo stock to $10.85 per share after a 2.5 percent decline during the day’s regular session left it at $10.36.
CEO Tom Rogers called the quarter solid but appeared more excited about the acquisition of Warsaw, Poland-based Cubiware, a company that assists pay-TV operators in the same way TiVo does — but across 25 countries, including Argentina, Hungary and Mexico, where San Jose-based TiVo lacked major presence.
“This is a big step for us,” Rogers told The Post, adding that the international market is expected to add more than a billion subscribers by 2020.
TiVo has also reached out to Aereo’s former customers, Rogers said, offering them a version of the cost-effective alternative to pay TV that the Supreme Court outlawed last year. TiVo’s version combines a $49.99 over-the-air DVR with $14.99-a-month accessory box that allows streaming playback and downloads to other devices.
“We’ve gotten a decent uptick in interest,” Rogers said of what he called “a legal incarnation of Aereo.”


