First Quarter 2007

Earnings Conference Call

May 24, 2006

First Quarter 2007

Earnings Conference Call

May 24, 2006

Exhibit 99.2

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

2

Agenda

Agenda

Tom Rogers, President & Chief Executive Officer

-

Highlights

-

Sales & Marketing Efforts

-

Product Differentiation

-

Distribution Update and MSO Plans

-

Litigation

Stuart West, Acting Chief Financial Officer

-

Housekeeping Items

-

Financial and Operational Highlights

-

Financial Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Stuart West, Acting Chief Financial Officer

-

Matt Zinn, General Counsel

Tom Rogers, President & Chief Executive Officer

-

Highlights

-

Sales & Marketing Efforts

-

Product Differentiation

-

Distribution Update and MSO Plans

-

Litigation

Stuart West, Acting Chief Financial Officer

-

Housekeeping Items

-

Financial and Operational Highlights

-

Financial Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Stuart West, Acting Chief Financial Officer

-

Matt Zinn, General Counsel

3

Highlights

Highlights

38% Service & Technology Revenue Growth

Over 4.4 million subscriptions

-

TiVo.com on-line sales climb to 29% of total sales

-

New subs commit to minimum one-year of TiVo service;

lowers churn

Launched Series2 Dual Tuner DVR

Trial Victory in Echostar patent case

TiVo initiatives drive heightened level of momentum

38% Service & Technology Revenue Growth

Over 4.4 million subscriptions

-

TiVo.com on-line sales climb to 29% of total sales

-

New subs commit to minimum one-year of TiVo service;

lowers churn

Launched Series2 Dual Tuner DVR

Trial Victory in Echostar patent case

TiVo initiatives drive heightened level of momentum

4

Sales & Marketing

Sales & Marketing

Traffic to TiVo.com up 50%

On-line sales climb to 29% of total sales

Churn 0.9%

Traffic to TiVo.com up 50%

On-line sales climb to 29% of total sales

Churn 0.9%

5

Bundled Pricing

One year commitment:      $19.95

$224

Two year commitment:      $18.95         $369

Three year commitment:   $16.95

$469

Monthly Fee

Pre Pay

1

For definitions and reconciliations, please see TiVo’s First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual SEC Filings.

Differentiation

Differentiation

Dual Tuner

-

Solid product reviews

-

Promising early consumer response

-

Retail

Channel

Roll-out

–

May 2006

Parental Control

-

Provides parents with freedom and flexibility to choose quality programming

for

children

–

while

giving kids choice

Partners --

>4 million members

-

Common Sense Media

-

The Parents Television Council

-

Parents’

Choice Foundation

Dual Tuner

-

Solid product reviews

-

Promising early consumer response

-

Retail

Channel

Roll-out

–

May 2006

Parental Control

-

Provides parents with freedom and flexibility to choose quality programming

for

children

–

while

giving kids choice

Partners --

>4 million members

-

Common Sense Media

-

The Parents Television Council

-

Parents’

Choice Foundation

6

Differentiation

Differentiation

TiVo

®

Guru Guide™

-

Delivering programming recommended by editorial

experts at:

-

Sports Illustrated

-

Automobile

-

Star Magazine

-

Billboard

-

Entertainment Weekly

Brightcove

-

Bringing the “wild west”

of web video to TV

-

As easy to navigate and record as Prime Time content

TiVo

®

Guru Guide™

-

Delivering programming recommended by editorial

experts at:

-

Sports Illustrated

-

Automobile

-

Star Magazine

-

Billboard

-

Entertainment Weekly

Brightcove

-

Bringing the “wild west”

of web video to TV

-

As easy to navigate and record as Prime Time content

7

1

For definitions and reconciliations, please see TiVo’s

First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual SEC Filings.

Differentiation

Differentiation

New TiVo Mobile application will allow TiVo

subscribers to schedule recordings directly

from some Verizon Wireless mobile

handsets

New TiVo Mobile application will allow TiVo

subscribers to schedule recordings directly

from some Verizon Wireless mobile

handsets

8

Distribution

Distribution

Extended service relationship to approximately

3 mm existing DirecTV TiVo customers

to 2010

Comcast --

on track to begin rollout by end of

calendar year

Radio Shack --

rollout to 3,000 stores expected

by mid-summer

Extended service relationship to approximately

3 mm existing DirecTV TiVo customers

to 2010

Comcast --

on track to begin rollout by end of

calendar year

Radio Shack --

rollout to 3,000 stores expected

by mid-summer

9

Advertising

Advertising

Interpublic Media

-

Preferred pricing and increased access to for Interpublic clients

-

Development of interactive advertising products

TiVo Product Watch –

opt in

-

100 brands

-

75 advertisers

Search Tool & Content Manipulation

-

Lexus Car Configuration

Interpublic Media

-

Preferred pricing and increased access to for Interpublic clients

-

Development of interactive advertising products

TiVo Product Watch –

opt in

-

100 brands

-

75 advertisers

Search Tool & Content Manipulation

-

Lexus Car Configuration

10

Echostar Lawsuit Victory

Echostar Lawsuit Victory

Jury victory

-

Found willful infringement of patent

-

Awarded almost $74 million

Actively pursuing damages for willfulness and

injunction

TiVo IP is valuable

Jury victory

-

Found willful infringement of patent

-

Awarded almost $74 million

Actively pursuing damages for willfulness and

injunction

TiVo IP is valuable

11

Accounting Items

Accounting Items

FAS 123R –

stock option expensing

-

$3.1 million of total stock based compensation

Bundled pricing

-

Conservative approach to no upfront fee to consumer

-

expensing

H/W

cost

upfront;

recognize

revenue

over

the

course

of

the

consumer contract

-

FAS 154 –

“retrospective application”

for previous pricing bundles

-

Total of $2.6 million

-

Q2’06: $1.1mm        -

Q4’06: $1.5mm

Comcast technology revenue of $7.2 mm, offset by

$7.2 mm of Cost of technology revenue

-

Q1’07 quarterly rate --

$2.6 mm ($4.6 mm relates to prior quarterly

development work)

FAS 123R –

stock option expensing

-

$3.1 million of total stock based compensation

Bundled pricing

-

Conservative approach to no upfront fee to consumer

-

expensing

H/W

cost

upfront;

recognize

revenue

over

the

course

of

the

consumer contract

-

FAS 154 –

“retrospective application”

for previous pricing bundles

-

Total of $2.6 million

-

Q2’06: $1.1mm        -

Q4’06: $1.5mm

Comcast technology revenue of $7.2 mm, offset by

$7.2 mm of Cost of technology revenue

-

Q1’07 quarterly rate --

$2.6 mm ($4.6 mm relates to prior quarterly

development work)

12

1

For definitions and reconciliations, please see TiVo’s First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual SEC Filings.

Q1 Financial Metrics

Q1 Financial Metrics

13

1

For complete definitions and reconciliations, please see TiVo’s First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual

SEC Filings.

We define Total Acquisition Costs (TAC) as the sum of sales and

marketing expenses, rebates, revenue share, and other payments

to channel, minus hardware gross margin (defined as hardware revenues less cost of hardware revenues ).

($'s in MMs except per share data)

Q1 FY07 ending

April 30, 2006

Q1 FY06 ending

April 30, 2005

Service and technology revenues

$55

$40

Costs of service and tech revenues

($18)

($9)

Sub acquisition spending (TAC)

($21)

($16)

Research and development

($13)

($11)

General, administrative & legal

($15)

($6)

Interest & taxes

$1

$1

Net income/(loss)

($11)

($1)

EPS

($0.13)

($0.01)

Cash flow from operations

($14)

$0

Ending Cash

$92

$105

Ending Inventory

$13

$19

1

Operational Highlights

Operational Highlights

TiVo-Owned Monthly Churn

0.9%

Total Subscription Net Additions

53,000

TiVo-Owned Subscription Net Additions               51,000

Churn –

%  of Subscriptions cancelled

ARPU –

Average Revenue Per Subscription

1 

For definitions and reconciliations, please see TiVo’s First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual SEC Filings.

TiVo-Owned Subscription Gross Additions           91,000

14

ARPU

$8.54

Subscription Acquisition Costs

Subscription Acquisition Costs

$116

$139

$174

$182

$180

$180

$180

$196

$213

$0

$50

$100

$150

$200

$250

$300

Apr '04

Jul '04

Oct '04

Jan '05

Apr '05

Jul '05

Oct '05

Jan '06

Apr '06

SAC (current quarter)

SAC (trailing 12 months)

$116

$139

$174

$182

$180

$180

$180

$196

$213

$0

$50

$100

$150

$200

$250

$300

Apr '04

Jul '04

Oct '04

Jan '05

Apr '05

Jul '05

Oct '05

Jan '06

Apr '06

SAC (current quarter)

SAC (trailing 12 months)

15

1

For definitions and reconciliations, please see TiVo’s First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual SEC Filings.

$232

Guidance –

Q2’07

Guidance –

Q2’07

Q2 Service and Tech Revenues

$50 -

$53

Q2 Net Loss

$(12) -

$(15) mm

16

1

For definitions and reconciliations, please see TiVo’s First  Quarter 2007 Press Release Dated May 24, 2006 and quarterly and annual SEC Filings.

Agenda

Agenda

Tom Rogers, President & Chief Executive Officer

-

Highlights

-

Sales & Marketing Efforts

-

Product Differentiation

-

Distribution Update and MSO Plans

-

Litigation

Stuart West, Acting Chief Financial Officer

-

Housekeeping Items

-

Financial and Operational Highlights

-

Financial Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Stuart West, Acting Chief Financial Officer

-

Matt Zinn, General Counsel

Tom Rogers, President & Chief Executive Officer

-

Highlights

-

Sales & Marketing Efforts

-

Product Differentiation

-

Distribution Update and MSO Plans

-

Litigation

Stuart West, Acting Chief Financial Officer

-

Housekeeping Items

-

Financial and Operational Highlights

-

Financial Guidance

Q&A

-

Tom Rogers, President & Chief Executive Officer

-

Stuart West, Acting Chief Financial Officer

-

Matt Zinn, General Counsel

17