1

Third Quarter Fiscal Year 2006 Earnings Conference Call

November 29, 2005

Third Quarter Fiscal Year 2006 Earnings Conference Call

November 29, 2005

Exhibit 99.2

2

This

presentation

contains

statements

that

constitute

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

development

strategies,

current

and

future

partnerships,

the

expected

future

deployment

and

availability

of

the

TiVo

service,

future

TiVo

service

features

and

advertising

technologies,

and

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

and

deployment

of

competitive

service

offerings

and

a

lack

of

market

acceptance

of

the

TiVo

service,

as

well

as

the

“Factors

That

May

Affect

Future

Operating

Results”

included

from

time

to

time

in

the

Company’s

public

reports

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.

This

presentation

contains

statements

that

constitute

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

development

strategies,

current

and

future

partnerships,

the

expected

future

deployment

and

availability

of

the

TiVo

service,

future

TiVo

service

features

and

advertising

technologies,

and

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

and

deployment

of

competitive

service

offerings

and

a

lack

of

market

acceptance

of

the

TiVo

service,

as

well

as

the

“Factors

That

May

Affect

Future

Operating

Results”

included

from

time

to

time

in

the

Company’s

public

reports

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.

Forward Looking Statements

3

Agenda

Agenda

Tom Rogers, President & CEO

-

Sales, Marketing & Distribution

-

Product Differentiation

-

Partnership Development

Dave Courtney, EVP & Chief Financial Officer

-

Operational Metrics

-

Financial Highlights

-

Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Dave Courtney, EVP & Chief Financial Officer

-

Stuart West, VP Finance

Tom Rogers, President & CEO

-

Sales, Marketing & Distribution

-

Product Differentiation

-

Partnership Development

Dave Courtney, EVP & Chief Financial Officer

-

Operational Metrics

-

Financial Highlights

-

Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Dave Courtney, EVP & Chief Financial Officer

-

Stuart West, VP Finance

4

Sales, Marketing and Distribution

Sales, Marketing and Distribution

4 million subscriptions, 74% growth over last year

New subscribers commit to at least one year of service,

lowering churn and increasing value per subscription

Lower marketing spend reduces losses

Refined market segmentation drives market testing

programs that yield valuable consumer preference

results

Comcast software development on track for late 2006

rollout

4 million subscriptions, 74% growth over last year

New subscribers commit to at least one year of service,

lowering churn and increasing value per subscription

Lower marketing spend reduces losses

Refined market segmentation drives market testing

programs that yield valuable consumer preference

results

Comcast software development on track for late 2006

rollout

5

Over-

the-Air

20%

Analog

Cable

33%

Digital

Satellite

23%

Digital

Cable

24%

Over-

the-Air

20%

Analog

Cable

33%

Digital

Satellite

23%

Digital

Cable

24%

•

Households: 22 million

•

Channel: Retailers

•

Competition: Extremely

Limited

•

Households: 26 million

•

Channels: DIRECTV,

Retailers

•

Competition: Yes

•

Households: 36 million

•

Channels: Retailers,

Cablevision, Cebridge,

NCTC, etc.

•

Competition: Extremely

Limited

•

Households: 26 million

•

Channels: Comcast,

Retailers

•

Competition: Yes

We Cover the Entire U.S. Market

We Cover the Entire U.S. Market

Source:  Natexis Bleichroeder Inc., July 2005

6

Product Differentiation

Product Differentiation

Unique advertising search capability on

TiVo DVRs expected to extend internet paid

search model into the living room

Mobility –

from TiVoToGo to Video iPod and

Sony PSP

Unique advertising search capability on

TiVo DVRs expected to extend internet paid

search model into the living room

Mobility –

from TiVoToGo to Video iPod and

Sony PSP

7

Partnership Development

Partnership Development

Yahoo!

Asian product launch through TGC, Inc.

Yahoo!

Asian product launch through TGC, Inc.

8

Agenda

Agenda

Tom Rogers, President & CEO

-

Sales, Marketing & Distribution

-

Product Differentiation

-

Partnership Development

Dave Courtney, EVP & Chief Financial Officer

-

Operational Metrics

-

Financial Highlights

-

Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Dave Courtney, EVP & Chief Financial Officer

-

Stuart West, VP Finance

Tom Rogers, President & CEO

-

Sales, Marketing & Distribution

-

Product Differentiation

-

Partnership Development

Dave Courtney, EVP & Chief Financial Officer

-

Operational Metrics

-

Financial Highlights

-

Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Dave Courtney, EVP & Chief Financial Officer

-

Stuart West, VP Finance

9

Operational Metrics

Operational Metrics

TiVo-Owned Monthly Churn

1

1.0%

Total Net Subscription Additions

434,000

Net TiVo-Owned Subscription Additions

55,000

Quarterly TiVo-Owned SAC

1

$308

Average 12-month SAC

1

$178

Churn –

%  of Subscriptions cancelled

SAC –

Subscription Acquisition Cost

1 

For definitions and reconciliations, please see TiVo’ s Third Quarter Earnings Press Release Dated November 29, 2005.

10

Subscription Acquisition Costs

Subscription Acquisition Costs

$106

$116

$139

$174

$182

$180

$178

$178

$0

$50

$100

$150

$200

$250

$300

Jan '04

Apr '04

Jul '04

Oct '04

Jan '05

Apr '05

Jul '05

Oct '05

SAC (current quarter)

SAC (trailing 12 months)

$106

$116

$139

$174

$182

$180

$178

$178

$0

$50

$100

$150

$200

$250

$300

Jan '04

Apr '04

Jul '04

Oct '04

Jan '05

Apr '05

Jul '05

Oct '05

SAC (current quarter)

SAC (trailing 12 months)

11

Financial Highlights

Financial Highlights

Inventory                                               $21mm   

(42)%

Service & Technology Revenues       $43mm             52%

Hardware Revenue                             $25mm           (12)%

Operating Expense                              $31mm           13%

Net Loss                                             $(14)mm    

46%

Cash and Investments                          $90mm            2%

Gross Margin

$16mm          775%

For definitions and reconciliations, please see TiVo’ s Third Quarter Earnings Press Release Dated November 29, 2005.

% Change vs

3Q Last Year

12

Guidance

Guidance

Q4 Service and Tech Revenues

$43.5 -

$45.5 mm

Q4 Net Loss

$(17) -

$(22) mm

13

Agenda

Agenda

Tom Rogers, President & CEO

-

Sales, Marketing & Distribution

-

Product Differentiation

-

Partnership Development

Dave Courtney, EVP & Chief Financial Officer

-

Operational Highlights

-

Financial Results

-

Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Dave Courtney, EVP & Chief Financial Officer

-

Stuart West, VP Finance

Tom Rogers, President & CEO

-

Sales, Marketing & Distribution

-

Product Differentiation

-

Partnership Development

Dave Courtney, EVP & Chief Financial Officer

-

Operational Highlights

-

Financial Results

-

Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Dave Courtney, EVP & Chief Financial Officer

-

Stuart West, VP Finance

14

TiVo

TiVo

DVRs are rapidly penetrating U.S.

market

Differentiated service will drive ongoing

leadership for TiVo

Refining subscription acquisition

strategy to improve business model

Strong IP position

Unique solutions for advertisers

Evolving cable industry understanding

of TiVo's competitive value and

advertising revenue potential

Weaving itself into the approaches of

other major media players

DVRs are rapidly penetrating U.S.

market

Differentiated service will drive ongoing

leadership for TiVo

Refining subscription acquisition

strategy to improve business model

Strong IP position

Unique solutions for advertisers

Evolving cable industry understanding

of TiVo's competitive value and

advertising revenue potential

Weaving itself into the approaches of

other major media players