8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) November 28, 2007

TIVO INC.

(Exact name of registrant as specified in its charter)

Delaware	000-27141	77-0463167
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

2160 Gold Street, Alviso, California	95002
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (408)519-9100

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02.     RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On November 28, 2007, TiVo Inc. issued a press release announcing its financial results for the third quarter ended October 31, 2007, and released FY08 Q3 Key Financial Metric Trend Sheets for TiVo Inc.’s third quarter earnings conference call. A copy of the press release is furnished as Exhibit 99.1 to this Current Report and a copy of the FY08 Q3 Key Financial Metric Trend Sheets is furnished as Exhibit 99.2 to this Current Report.

This information and the information contained in the press release and FY08 Q3 Key Financial Metric Trend Sheets for TiVo Inc. (and attached reconciliations and related notes) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. The information in this Current Report is not incorporated by reference into any filings of the Company made under the Securities Act of 1933, as amended, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing unless specifically stated so therein.

ITEM 9.01.     FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit Number	Description
99.1	Press Release of TiVo Inc. dated November 28, 2007.
99.2	FY08 Q3 Key Financial Metric Trend Sheets and Reconciliations and Related Notes for TiVo Inc., dated October 31, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	TIVO INC.
Date: November 28, 2007	By:	/s/ Cal Hoagland
		Cal Hoagland
		Interim Chief Financial Officer
		(Principal Financial and Accounting Officer)

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release of TiVo Inc. dated November 28, 2007.
99.2	FY08 Q3 Key Financial Metric Trend Sheets and Reconciliations and Related Notes for TiVo Inc., dated October 31, 2007.

EX-99.1

Exhibit 99.1

Contacts:	Investor Relations	Media Relations
	Derrick Nueman	Whit Clay – Sloane & Company
	408-519-9677	212-446-1864
	ir@tivo.com	wclay@sloanepr.com

TIVO ANNOUNCES RESULTS FOR THIRD QUARTER ENDED OCTOBER 31, 2007

• Adjusted EBITDA was $0.3 million, considerably ahead of guidance

• Net loss was ($8.2) million

• Goal of getting closer to Adjusted EBITDA breakeven for the year on track

• Announced relationship with NCTA and cable industry to enable cable operator installation and other support for TiVo standalone boxes

• Entered into strategic partnership with NBC to provide their advertisers with a comprehensive set of interactive advertising and audience research solutions

• Deal with Nero to bring the TiVo experience to the PC user

• Bolsters international presence with launch of TiVo service at retail in Canada

ALVISO, Calif. – November 28, 2007 – TiVo Inc. (NASDAQ: TIVO), the creator of and a leader in television services for digital video recorders (DVRs), today reported financial results for the third quarter ended October 31, 2007.

“This was another solid quarter for TiVo as we continued to improve our financial profile by posting substantially better than guided Adjusted EBITDA of $0.3 million and net loss of ($8.2) million,” said Tom Rogers, CEO of TiVo. “In terms of the newer elements of our business driving long-term growth: in mass distribution, Comcast is now available in some non-employee subscriber homes in the greater Boston area with full marketing of TiVo service to begin shortly; we are moving forward on the international front with a launch of TiVo in Canada at retail; in our advertising business, we announced a multi-year partnership with NBC to provide their advertisers with both interactive advertising solutions and audience research and measurement tools; and we made progress on our litigation with EchoStar, which is moving closer to resolution.

“On the standalone side of the business, this quarter was about making clear that this part of the business can be developed without undermining the ability of the emerging businesses to grow. For example, the more popularly priced TiVo HD is now fully available to consumers and is offered at new retail outlets such as Costco and Sears. Additionally, we made substantial progress in solidifying our relationships with the cable industry, ensuring easier installation of

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our CableCARD products and underscoring the cable industry’s recognition of TiVo’s importance to their subscribers. Finally, we have added even more differentiated features that are all coming together to prove that TiVo is not only a Digital Video Recorder, but a Digital Video Receiver, highlighted by this quarter’s announcement with Rhapsody, which delivers over four million songs to the home.”

For the third quarter, service and technology revenues were $58.3 million, compared with $52.5 million for the same period last year. TiVo reported a net loss of ($8.2) million and a net loss per share of ($0.08), compared to a net loss of ($11.1) million, or ($0.12) per share, for the third quarter of last year. Adjusted EBITDA was $0.3 million, compared to a loss of ($6.0) million in the year-ago period and guidance for the third quarter of fiscal year 2008 of a ($5.0) million to ($8.0) million loss.

“In terms of our mass distribution strategy, our service on Comcast is now available in some non-employee subscriber homes and full marketing efforts will begin shortly in the greater Boston area. We are very excited by the emphasis that Comcast has placed on this product within its organization and their plans to aggressively market it at a $2.95 up-charge as well as through packaged bundles and win-back offers. Further, we are pleased with Comcast’s plans to promote and market the value of the TiVo experience, which will leverage many of their marketing assets including cross-channel TV.

“Also on the distribution front, we recently announced that we have joined forces with Windstream Communications, a telecommunications company that provides voice, broadband, and video services, to market the TiVo service bundled with its core wireline and other services to their over three million subscribers.”

Mr. Rogers continued, “On the international front, we took another significant step forward this quarter as TiVo will now be available in Canada beginning in early December at Best Buy and other major retailers. Given our relationship with Canadian retailers and our distributor, we will be operating on a more efficient marketing basis. We believe that international distribution of TiVo is an important component of our future business mix and see a tremendous amount of opportunity through partnerships, where upside is strong and financial risks are limited. In addition, this quarter the leading cable operator in Mexico City, Cablevision Mexico, began rolling-out the TiVo service.

“We also recently announced a deal with Nero, a leading provider of digital multimedia solutions, to develop a software solution that will bring the TiVo experience to users receiving their television signals through a computer. This deal provides us with another opportunity to deliver our unique user interface and differentiated feature set globally, as it addresses the estimated 50 million PC tuners expected to sell worldwide by 2011, most of which are expected to be purchased outside the U.S.

“This quarter we also saw progress in both our advertising sales and Audience Research and Measurement (ARM) businesses. First, we have entered a strategic relationship with NBC to provide their advertisers with access to certain TiVo interactive advertising solutions capabilities including Interactive Advertising Tags to target fast-forwarding viewers. NBC has also subscribed to our Stop||Watch™ Ratings Service, which provides second-by-second analytics on

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viewer behavior. This is the first time a network has entered into a subscription for this unique data, which provides insight into the viewership patterns of DVR homes. NBC’s subscription underscores the tremendous value that we are bringing to solve the significant strategic challenges television industry participants face in the age of the DVR.

“Additionally, we recently announced that Starcom is the first media agency to sign up for our Power||Watch™ Consumer Panel, a new research offering providing advertisers access to demographic data for 20,000 households who opt-in to our consumer panel. Finally, we announced a deal with Carat, one of the largest media buying shops and among the fastest growing marketing communications groups worldwide, to provide their clients with access to TiVo’s Stop||Watch and Power||Watch services. These deals significantly strengthen our research offering and bolster ARM’s long-term financial potential.

“In terms of litigation, our case against EchoStar is moving closer to resolution. We were pleased with our presentation of oral arguments before the Court of Appeals and believe that our arguments were well presented on appeal.”

TiVo-Owned subscription gross additions for the third quarter were 69,000, compared to 101,000 gross additions for the year-ago period. Overall, TiVo-Owned subscriptions increased slightly to 1.7 million from 1.6 million in the year ago-period. As expected, TiVo reported a net decline in DIRECTV TiVo subscriptions during the period as DIRECTV is no longer deploying new TiVo boxes. Cumulative total subscriptions as of October 31, 2007 were 4.1 million. Additionally, the monthly churn rate was 1.3% compared to 1.0% in the year-ago period and 1.2% in the second quarter.

Mr. Rogers continued, “In addition to the many new initiatives that will provide catalysts for growth over the long-term for TiVo, during the quarter we have also seen progress in the growth opportunities related to our standalone business.

“Through our recent announcement with the National Cable & Telecommunications Association (NCTA), we have significantly strengthened our relationship with the cable industry in two very meaningful ways. First, we have entered into an agreement with the cable industry that will ensure TiVo Series3 and TiVo HD standalone box users can access and enjoy the multitude of programming that will be delivered through switched digital video technology. Second, the cable industry has agreed, as part of the switched digital solution, to take additional steps to improve installation, including cable installers being part of the TiVo installation process, so that TiVo users have an easy and satisfying installation process. By having additional cable installer involvement, at no cost to TiVo, to ensure the set-up process is successful, we believe both TiVo and cable operators will benefit by having increased subscriber goodwill.

“In addition, as a result of our constructive conversations, TiVo and the cable industry have come to an agreement on a blue-print for a retail TiVo DVR using the cable industry’s OpenCable Application Platform that will have full two-way cable service functionality. While the technical specifications are still being worked out, such a set-top box will mean TiVo subscribers will be able to get full access to cable VOD and other two-way cable services. This could also mean that a standalone TiVo offering could fully substitute for a cable operator set-top box. This understanding was communicated yesterday to the FCC through an ex parte filing by TiVo. We believe that this dialogue with the cable industry has been very constructive, and demonstrates the cable industry’s genuine desire to work with TiVo, not to mention the clear recognition that TiVo is an important offering for cable subscribers.

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“We also continue to drive efficiency in our standalone business as we keep a sharp eye on its impact on Adjusted EBITDA. For instance, because we were able to launch TiVo HD with no hardware subsidy in the direct channel, it allows us to continue to make progress on reducing the overall level of marketing resources directed toward the standalone business. We are also working to make our various advertising programs more efficient.

“Finally, our broadband strategy has gained traction this quarter. There are more than 15,000 titles now available to TiVo users through Amazon Unbox and more than 4 million songs available to TiVo subscribers through Rhapsody. Importantly, we are finding that TiVo’s broadband content offerings have strengthened our relationship with consumers as churn is significantly less for broadband connected users. Additionally, over the last year there have been more than 12 million downloads of TiVoCast content. We believe that just as the music world quickly became on-demand, a-la-carte, the television industry will be fully focused on providing broadband video straight to the television in the same way. Because user interface, search and advertising will be the critical underpinnings of any broadband video offering, and because we have pioneered the only comprehensive solution to those elements, we believe that we are very well positioned to be the leaders in offering the best a-la-carte on-demand consumer experience.”

Mr. Rogers concluded, “We believe that this quarter was an important one in terms of capitalizing on the growth opportunities we have in front of us, both in our standalone business and in the newer areas of our business that are beginning to show positive results. We believe that we have right pieces in place to move the business forward and have great confidence that we will.”

Management Provides Financial Guidance

For the fourth quarter of fiscal 2008, TiVo anticipates service and technology revenues in the range of $58 million to $60 million, a net loss in the range of ($9.0) million to ($12.0) million, and an Adjusted EBITDA loss in the range of ($2.0) million to ($5.0) million.

This financial guidance is based on information available to management as of November 28, 2007. TiVo expressly disclaims any duty to update this guidance.

Management’s guidance includes Adjusted EBITDA, a non-GAAP financial measure as defined in Regulation G. TiVo has provided a reconciliation of EBITDA and Adjusted EBITDA to net income (loss) in the attached schedules solely for the purpose of complying with Regulation G and not as an indication that EBITDA or Adjusted EBITDA is a substitute measure for net income (loss).

Conference Call and Webcast

TiVo will host a conference call and Webcast to discuss the third quarter financial and operating results and guidance outlook at 2:00 pm PT (5:00 pm ET), today, November 28, 2007. To listen to the discussion, please visit www.tivo.com/ir and click on the link provided for the Webcast or

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dial (888) 661-5167 (no password required). The Webcast will be archived and available through December 5, 2007 at www.tivo.com/ir or by calling (719) 457-0820 and entering the conference ID number 6740325.

About TiVo Inc.

Founded in 1997, TiVo (NASDAQ: TIVO) pioneered a brand new category of products with the development of the first commercially available digital video recorder (DVR). Sold through leading consumer electronic retailers and our website, TiVo has developed a brand which resonates boldly with consumers as providing a superior television experience. Through agreements with leading satellite and cable providers, TiVo also integrates its DVR service features into the set-top boxes of mass distributors. TiVo’s DVR functionality and ease of use, with such features as Season Pass™ recordings and WishList^® searches and TiVo KidZone, have elevated its popularity among consumers and have created a whole new way for viewers to watch television. With a continued investment in its patented technologies, TiVo is revolutionizing the way consumers watch and access home entertainment. Rapidly becoming the focal point of the digital living room, TiVo’s DVR is at the center of experiencing new forms of content on the TV, such as broadband delivered video, music and photos. With innovative features, such as TiVoToGo™ transfers and online scheduling, TiVo is expanding the notion of consumers experiencing “TiVo, TV your way. ^®” The TiVo^® service is also at the forefront of providing innovative marketing solutions for the television industry, including a unique platform for advertisers and audience research measurement.

TiVo, ‘TiVo, TV your way.’ Season Pass, WishList, TiVoToGo, Stop||Watch, Power||Watch, and the TiVo Logo are trademarks or registered trademarks of TiVo Inc. or its subsidiaries worldwide. ^© 2007 TiVo Inc. All rights reserved. All other trademarks are the property of their respective owners.

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to, among other things, TiVo’s future profitability and financial guidance, TiVo’s ability to get closer to Adjusted EBITDA breakeven for fiscal year 2008, distribution of the TiVo service with Comcast, Cablevision Mexico, Nero, Windstream, and in Canada, growth and innovation in TiVo’s advertising and audience research measurement business, growth in TiVo’s broadband offerings, future availability of a two-way functional standalone DVR model and PC software solution, the outcome of our litigation with EchoStar, and financial performance. 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, competitive service offerings and lack of market acceptance, as well as the other potential factors described under “Risk Factors” in the Company’s public reports filed with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2007 and subsequent reports filed with the SEC. The Company cautions 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.

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TIVO INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share and share amounts)

(unaudited)

	Three Months Ended October 31,						Nine Months Ended October 31,
	2007			2006			2007			2006
Revenues
Service revenues	$	52,940		$	49,000		$	160,471		$	145,381
Technology revenues		5,339			3,527			12,355			14,992
Hardware revenues		17,240			13,476			25,732			21,698
Net revenues		75,519			66,003			198,558			182,071
Cost of revenues
Cost of service revenues (1)		10,738			10,820			30,957			30,883
Cost of technology revenues (1)		4,912			3,006			12,115			13,373
Cost of hardware revenues		29,114			31,925			68,033			68,678
Total cost of revenues		44,764			45,751			111,105			112,934
Gross margin		30,755			20,252			87,453			69,137
Research and development (1)		14,049			12,221			43,364			37,973
Sales and marketing (1)		5,967			5,450			16,651			15,736
Sales and marketing, subscription acquisition costs		9,050			5,016			23,855			10,852
General and administrative (1)		11,106			9,811			32,720			35,961
Total operating expenses		40,172			32,498			116,590			100,522
Loss from operations		(9,417	)		(12,246	)		(29,137	)		(31,385	)
Interest income		1,218			1,291			3,965			3,341
Interest expense and other		(45	)		(133	)		81			(165	)
Loss before income taxes		(8,244	)		(11,088	)		(25,091	)		(28,209	)
Provision for income taxes		—			(4	)		(8	)		(35	)
Net loss	$	(8,244	)	$	(11,092	)	$	(25,099	)	$	(28,244	)
Net loss per common share - basic and diluted	$	(0.08	)	$	(0.12	)	$	(0.26	)	$	(0.32	)
Weighted average common shares used to calculate basic and diluted net loss per share		97,611,001			91,930,061			97,174,771			87,680,571
(1) Includes stock-based compensation expense as follows :
Cost of service revenues	$	178		$	129		$	513		$	353
Cost of technology revenues		726			236			1,693			682
Research and development		1,797			1,608			5,392			4,177
Sales and marketing		660			474			1,468			1,264
General and administrative		3,899			1,636			8,076			4,257

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TIVO INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except share amounts)

(unaudited)

	October 31, 2007			January 31, 2007
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	42,296		$	89,079
Short-term investments		40,162			39,686
Accounts receivable, net of allowance for doubtful accounts of $1,132 and $271		25,880			20,641
Inventories		22,466			29,980
Prepaid expenses and other, current		3,738			3,071
Total current assets		134,542			182,457
LONG-TERM ASSETS
Property and equipment, net		12,372			11,706
Purchased technology, capitalized software, and intangible assets, net		14,333			16,769
Prepaid expenses and other, long-term		1,901			1,018
Total long-term assets		28,606			29,493
Total assets	$	163,148		$	211,950
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
CURRENT LIABILITIES
Accounts payable	$	25,350		$	37,127
Accrued liabilities		25,862			36,542
Deferred revenue, current		58,992			64,872
Total current liabilities		110,204			138,541
LONG-TERM LIABILITIES
Deferred revenue, long-term		38,286			54,851
Deferred rent and other		888			1,562
Total long-term liabilities		39,174			56,413
Total liabilities		149,378			194,954
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, par value $0.001:
Authorized shares are 10,000,000;
Issued and outstanding shares - none		—			—
Common stock, par value $0.001:
Authorized shares are 150,000,000;
Issued shares are 99,028,387 and 97,311,986, respectively and outstanding shares are 98,900,908 and 97,231,483, respectively		99			97
Additional paid-in capital		781,461			759,314
Accumulated deficit		(766,944	)		(741,845	)
Less: Treasury stock, at cost - 127,479 and 80,503 shares, respectively		(846	)		(570	)
Total stockholders’ equity		13,770			16,996
Total liabilities and stockholders’ equity	$	163,148		$	211,950

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TIVO INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(unaudited)

	Nine Months Ended October 31,
	2007			2006
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(25,099	)	$	(28,244	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization of property and equipment and intangibles		7,651			5,815
Stock-based compensation expense		17,142			10,733
Inventory write-down		8,961			—
Loss on inventory barter transaction and utilization of trade credits		1,124			—
Changes in assets and liabilities:
Accounts receivable, net		(5,239	)		(7,189	)
Inventories		(4,221	)		(23,168	)
Prepaid expenses and other		100			4,167
Accounts payable		(11,143	)		3,853
Accrued liabilities		(10,680	)		(4,652	)
Deferred revenue		(22,445	)		(17,331	)
Deferred rent and other long-term liabilities		(674	)		804
Net cash used in operating activities	$	(44,523	)	$	(55,212	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of short-term investments		(26,976	)		(13,502	)
Sales of short-term investments		26,500			4,350
Acquisition of property and equipment		(6,140	)		(6,115	)
Acquisition of capitalized software and intangibles		(375	)		(13,125	)
Net cash used in investing activities	$	(6,991	)	$	(28,392	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common stock, net		—			64,516
Proceeds from issuance of common stock related to exercise of warrants		—			3,330
Proceeds from issuance of common stock related to exercise of common stock options		3,181			8,638
Proceeds from issuance of common stock related to employee stock purchase plan		1,826			1,290
Treasury Stock - repurchase of stock for tax withholding		(276	)		(570	)
Net cash provided by financing activities	$	4,731		$	77,204
NET DECREASE IN CASH AND CASH EQUIVALENTS	$	(46,783	)	$	(6,400	)
CASH AND CASH EQUIVALENTS:
Balance at beginning of period		89,079			85,298
Balance at end of period	$	42,296		$	78,898

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TIVO INC.

OTHER DATA

	Three Months Ended October 31,						Nine Months Ended October 31,
	2007			2006			2007			2006
Net income (loss)	$	(8,244	)	$	(11,092	)	$	(25,099	)	$	(28,244	)
Add back:
Depreciation & amortization		2,445			2,217			7,651			5,815
Interest income & expense		(1,201	)		(1,246	)		(3,925	)		(3,294	)
Provision for income tax		—			4			8			35
EBITDA		(7,000	)		(10,117	)		(21,365	)		(25,688	)
Stock-based compensation		7,260			4,083			17,142			10,733
Adjusted EBITDA	$	260		$	(6,034	)	$	(4,223	)	$	(14,955	)

EBITDA and Adjusted EBITDA Results. TiVo’s “EBITDA” means income before interest income and expense, provision for income taxes and depreciation and amortization. TiVo’s “Adjusted EBITDA” is EBITDA less expense for stock-based compensation. EBITDA and Adjusted EBITDA are not measures of financial performance under generally accepted accounting principles, which we refer to as GAAP. TiVo’s EBITDA and Adjusted EBITDA results are calculated by adjusting GAAP net income to exclude the effects of items that management believes are not directly related to the underlying performance of TiVo’s core business operations. A table reconciling TiVo’s EBITDA and Adjusted EBITDA to GAAP net income is included with the condensed consolidated financial statements attached to this release. We have presented EBITDA and Adjusted EBITDA solely as supplemental disclosure because we believe they allow for a more complete analysis of our results of operations and we believe that EBITDA and Adjusted EBITDA are useful to investors because EBITDA and Adjusted EBITDA are commonly used to analyze companies on the basis of operating performance. In addition, because of the variety of equity awards used by companies, the varying methodologies for determining stock-based compensation expense, and the subjective assumptions involved in those determinations, we believe excluding stock-based compensation enhances the ability of management and investors to compare our core operating results over multiple periods. We do not use stock-based compensation expense in our internal measures. A limitation associated with these non-GAAP measures is that they do not include any stock-based compensation expense related to hiring, retaining, and incentivizing the Company’s workforce. EBITDA and Adjusted EBITDA are not intended to represent, and should not be considered more meaningful than, or as an alternative to, measures of operating performance as determined in accordance with GAAP.

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TIVO INC.

OTHER DATA

Subscriptions

	Three Months Ended October 31,
(Subscriptions in thousands)	2007		2006
TiVo-Owned Subscription Gross Additions	69		101
Subscription Net Additions/(Losses):
TiVo-Owned	4		53
MSOs/Broadcasters	(134	)	(37	)
Total Subscription Net Additions	(130	)	16
Cumulative Subscriptions:
TiVo-Owned	1,712		1,625
MSOs/Broadcasters	2,355		2,809
Total Cumulative Subscriptions	4,067		4,434
% of TiVo-Owned Cumulative Subscriptions paying recurring fees	60	%	55	%

Included in the 4,067,000 subscriptions are approximately 190,000 lifetime subscriptions that have reached the end of the 48-month period TiVo uses to recognize lifetime subscription revenue. These lifetime subscriptions no longer generate subscription revenue.

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TIVO INC.

OTHER DATA - KEY BUSINESS METRICS

	Three Months Ended October 31,
TiVo-Owned Churn Rate	2007		2006
	(In thousands)
Average TiVo-Owned subscriptions	1,708		1,596
TiVo-Owned subscription cancellations	(65	)	(48	)
TiVo-Owned Churn Rate per month	-1.3	%	-1.0	%

TiVo-Owned Churn Rate per Month. Management reviews this metric, and believes it may be useful to investors, in order to evaluate our ability to retain existing TiVo-Owned subscriptions (including both monthly and product lifetime subscriptions) by providing services that are competitive in the market. Management believes factors such as service enhancements, service commitments, higher customer satisfaction, and improved customer support may improve this metric. Conversely, management believes factors such as increased competition, lack of competitive service features such as high definition television recording capabilities for our low cost product offerings, and increased price sensitivity may cause our TiVo-Owned Churn Rate per month to increase.

We define the TiVo-Owned Churn Rate per month as the total TiVo-Owned subscription cancellations in the period divided by the Average TiVo-Owned subscriptions for the period (including both monthly and product lifetime subscriptions), which then is divided by the number of months in the period. We calculate Average TiVo-Owned subscriptions for the period by adding the average TiVo-Owned subscriptions for each month and dividing by the number of months in the period. We calculate the average TiVo-Owned subscriptions for each month by adding the beginning and ending subscriptions for the month and dividing by two. We are not aware of any uniform standards for calculating churn and caution that our presentation may not be consistent with that of other companies.

	Three Months Ended October 31,						Twelve Months Ended October 31,
Subscription Acquisition Costs	2007			2006			2007			2006
	(In thousands, except SAC)						(In thousands, except SAC)
Sales and marketing, subscription acquisition costs	$	9,050		$	5,016		$	33,770		$	16,803
Hardware revenues	$	(17,240	)	$	(13,476	)	$	(45,622	)	$	(35,833	)
Cost of hardware revenues	$	29,114		$	31,925		$	111,567		$	107,489
Total Acquisition Costs		20,924			23,465			99,715			88,459
TiVo-Owned Subscription Gross Additions		69			101			330			487
Subscription Acquisition Costs (SAC)	$	303		$	232		$	302		$	182

Subscription Acquisition Cost or SAC. Management reviews this metric, and believes it may be useful to investors, in order to evaluate trends in the efficiency of our marketing programs and subscription acquisition strategies. We define SAC as our total acquisition costs for a given period divided by TiVo-Owned subscription gross additions for the same period. In the first fiscal quarter of 2008, we revised our definition of total acquisition costs. We now define total

-11-

acquisition costs as sales and marketing, subscription acquisition costs less net hardware revenues (defined as gross hardware revenues less rebates, revenue share and market development funds paid to retailers) plus cost of hardware revenues. The sales and marketing, subscription acquisition costs line item includes advertising expenses and promotion-related expenses directly related to subscription acquisition activities, but does not include expenses related to advertising sales. We do not include third parties subscription gross additions, such as MSOs/Broadcasters’ gross additions with TiVo subscriptions, in our calculation of SAC because we incur limited or no acquisition costs for these new subscriptions. We are not aware of any uniform standards for calculating total acquisition costs or SAC and caution that our presentation may not be consistent with that of other companies.

	Three Months Ended October 31,
TiVo-Owned Average Revenue per Subscription	2007			2006
	(In thousands, except ARPU)
Total Service revenues	$	52,940		$	49,000
Less: MSOs/Broadcasters-related service revenues		(6,599	)		(7,573	)
TiVo-Owned-related service revenues		46,341			41,427
Average TiVo-Owned revenues per month		15,447			13,809
Average TiVo-Owned per month subscriptions		1,708			1,596
TiVo-Owned ARPU per month	$	9.04		$	8.65
	Three Months Ended October 31,
MSOs/Broadcasters Average Revenue per Subscription	2007			2006
	(In thousands, except ARPU)
Total Service revenues	$	52,940		$	49,000
Less: TiVo-Owned-related service revenues		(46,341	)		(41,427	)
MSOs/Broadcasters-related service revenues		6,599			7,573
Average MSOs/Broadcasters revenues per month		2,200			2,524
Average MSOs/Broadcasters per month subscriptions		2,422			2,837
MSOs/Broadcasters ARPU per month	$	0.91		$	0.89

Average Revenue Per Subscription or ARPU. Management reviews this metric, and believes it may be useful to investors, in order to evaluate the potential of our subscription base to generate revenues from a variety of sources, including subscription fees, advertising, and audience research measurement. ARPU does not include rebates, revenue share and other payments to channel that reduce our GAAP revenues. As a result, you should not use ARPU as a substitute for measures of financial performance calculated in accordance with GAAP. Management believes it is useful to consider this metric excluding the costs associated with rebates, revenue share and other payments to channel because of the discretionary and varying nature of these expenses and because management believes these expenses, which are included in hardware revenues, net, are more appropriately monitored as part of SAC. We are not aware of any uniform standards for calculating ARPU and caution that our presentation may not be consistent with that of other companies.

-12-

We calculate ARPU per month for TiVo-Owned subscriptions by subtracting MSOs/Broadcaster-related service revenues (which includes MSOs/Broadcasters’ subscription service revenues and MSOs/Broadcasters’-related advertising revenues) from our total reported net service revenues and dividing the result by the number of months in the period. We then divide by Average TiVo-Owned subscriptions for the period, calculated as described above for churn rate. The above table shows this calculation.

We calculate ARPU per month for MSOs/Broadcasters’ subscriptions by first subtracting TiVo-Owned-related service revenues (which includes TiVo-Owned subscription service revenues and TiVo-Owned related advertising revenues) from our total reported service revenues. Then we divide average revenues per month for MSOs/Broadcasters’-related service revenues by the average MSOs/Broadcasters’ subscriptions for the period. The above table shows this calculation.

Beginning in February 2006, pursuant to the most recent amendment of our agreement with DIRECTV, TiVo defers a portion of the DIRECTV subscription fees equal to the fair value of the undelivered development services. Additionally, beginning in February 2007, DIRECTV began paying us a monthly fee for all DIRECTV households with DIRECTV receivers with TiVo service similar to the lower amount paid by DIRECTV for households with DIRECTV receivers with TiVo service deployed since March 15, 2002, subject to a monthly minimum payment by DIRECTV.

-13-

EX-99.2

Exhibit 99.2

Trend Sheet for GAAP Statement of Operations

(unaudited, in thousands, except per share data)

	Three Months Ended
	Oct 31, 2007			July 31, 2007			April 30, 2007			Jan 31, 2007			Oct 31, 2006			July 31, 2006			Apr 30, 2006			Jan 31, 2006
Income Statement
Net revenues	$	75,519		$	62,659		$	60,380		$	76,850		$	66,003		$	59,315		$	56,753		$	60,768
Hardware revenues		17,240			6,199			2,293			19,890			13,476			6,503			1,719			14,135
Cost of hardware revenues		29,114			28,271			10,648			43,534			31,925			21,607			15,146			38,811
Service and Technology revenues	$	58,279		$	56,460		$	58,087		$	56,960		$	52,527		$	52,812		$	55,034		$	46,633
Service revenues		52,940			53,376			54,155			53,543			49,000			49,430			46,951			46,305
Technology revenues		5,339			3,084			3,932			3,417			3,527			3,382			8,083			328
Cost of service & technology revenues	$	15,650		$	13,760		$	13,662		$	15,921		$	13,826		$	12,629		$	17,801		$	10,129
Cost of service revenues		10,738			10,064			10,155			12,445			10,820			9,628			10,435			10,250
Cost of technology revenues		4,912			3,696			3,507			3,476			3,006			3,001			7,366			(121	)
Gross margin of service & technology revenues	$	42,629		$	42,700		$	44,425		$	41,039		$	38,701		$	40,183		$	37,233		$	36,504
Operating expenses
Research and development	$	14,049		$	15,070		$	14,245		$	12,755		$	12,221		$	12,891		$	12,861		$	10,693
Sales and marketing		5,967			5,381			5,303			6,784			5,450			5,439			4,847			5,387
Sales and marketing, subscription acquisition costs		9,050			9,015			5,790			9,915			5,016			3,053			2,783			5,951
General and administrative		11,106			10,392			11,222			8,852			9,811			11,091			15,059			11,769
Stock-based compensation	$	7,260		$	5,242		$	4,640		$	3,979		$	4,083		$	3,563		$	3,087		$	337
Cost of services revenues		178			178			157			117			129			130			94			—
Cost of technology revenues		726			504			463			338			236			243			203			—
Research and development		1,797			1,967			1,628			1,419			1,608			1,451			1,118			46
Sales and marketing		660			332			476			385			474			450			340			75
General and administrative		3,899			2,261			1,916			1,720			1,636			1,289			1,332			216
Interest and other income (expense)	$	1,173		$	1,540		$	1,333		$	1,418		$	1,158		$	959		$	1,059		$	899
Provision for income tax		—			—			(8	)		(17	)		(4	)		(12	)		(19	)		(13	)
Net income (loss)		(8,244	)		(17,690	)		835			(19,510	)		(11,092	)		(6,448	)		(10,704	)		(21,086	)
Net income (loss) per basic and diluted common share	$	(0.08	)	$	(0.18	)	$	0.01		$	(0.20	)	$	(0.12	)	$	(0.07	)	$	(0.13	)	$	(0.25	)
Weighted average common shares outstanding - basic		97,611			97,084			96,829			96,415			91,930			85,978			85,134			84,643
Weighted average common shares outstanding - diluted		97,611			97,084			98,047			96,415			91,930			85,978			85,134			84,643
Balance Sheet & Cash Flow
Cash & cash equivalents, and short-term investments	$	82,458		$	97,629		$	101,784		$	128,765		$	106,965		$	75,118		$	92,351		$	104,213
Net cash provided by (used in) operating activities (YTD)		(44,523	)		(29,906	)		(26,213	)		(33,507	)		(55,212	)		(32,796	)		(14,150	)		3,425

1

Trend Sheet for Non-GAAP Statement of Operations

(including Non-GAAP Net loss per share) excluding stock based compensation⁽¹⁾

(unaudited, in thousands, except per share data)

	Three Months Ended
	Oct 31, 2007			July 31, 2007			April 30, 2007			Jan 31, 2007			Oct 31, 2006			July 31, 2006			Apr 30, 2006			Jan 31, 2006
Income Statement
Net revenues	$	75,519		$	62,659		$	60,380		$	76,850		$	66,003		$	59,315		$	56,753		$	60,768
Hardware revenues		17,240			6,199			2,293			19,890			13,476			6,503			1,719			14,135
Cost of hardware revenues		29,114			28,271			10,648			43,534			31,925			21,607			15,146			38,811
Service and Technology revenues	$	58,279		$	56,460		$	58,087		$	56,960		$	52,527		$	52,812		$	55,034		$	46,633
Service revenues		52,940			53,376			54,155			53,543			49,000			49,430			46,951			46,305
Technology revenues		5,339			3,084			3,932			3,417			3,527			3,382			8,083			328
Cost of service & technology revenues *	$	14,746		$	13,078		$	13,042		$	15,466		$	13,461		$	12,256		$	17,504		$	10,129
Cost of service revenues *		10,560			9,886			9,998			12,328			10,691			9,498			10,341			10,250
Cost of technology revenues *		4,186			3,192			3,044			3,138			2,770			2,758			7,163			(121	)
Gross margin of service & technology revenues *	$	43,533		$	43,382		$	45,045		$	41,494		$	39,066		$	40,556		$	37,530		$	36,504
Operating expenses
Research and development *	$	12,252		$	13,103		$	12,617		$	11,336		$	10,613		$	11,440		$	11,743		$	10,647
Sales and marketing *		5,307			5,049			4,827			6,399			4,976			4,989			4,507			5,312
Sales and marketing, subscription acquisition costs		9,050			9,015			5,790			9,915			5,016			3,053			2,783			5,951
General and administrative *		7,207			8,131			9,306			7,132			8,175			9,802			13,727			11,553
Stock-based compensation	$	7,260		$	5,242		$	4,640		$	3,979		$	4,083		$	3,563		$	3,087		$	337
Cost of services revenues		178			178			157			117			129			130			94			—
Cost of technology revenues		726			504			463			338			236			243			203			—
Research and development		1,797			1,967			1,628			1,419			1,608			1,451			1,118			46
Sales and marketing		660			332			476			385			474			450			340			75
General and administrative		3,899			2,261			1,916			1,720			1,636			1,289			1,332			216
Interest and other income (expense)	$	1,173		$	1,540		$	1,333		$	1,418		$	1,158		$	959		$	1,059		$	899
Provision for income tax		—			—			(8	)		(17	)		(4	)		(12	)		(19	)		(13	)
Net income (loss)		(984	)		(12,448	)		5,475			(15,531	)		(7,009	)		(2,885	)		(7,617	)		(20,749	)
Net income (loss) per basic and diluted common share	$	(0.01	)	$	(0.13	)	$	0.06		$	(0.16	)	$	(0.08	)	$	(0.03	)	$	(0.09	)	$	(0.25	)
Weighted average common shares outstanding - basic		97,611			97,084			96,829			96,415			91,930			85,978			85,134			84,643
Weighted average common shares outstanding - diluted		97,611			97,084			98,047			96,415			91,930			85,978			85,134			84,643

* Excludes stock-based compensation.

⁽¹⁾ This presentation is not prepared under a comprehensive set of accounting rules or principles such as GAAP. See attached reconciliation of Non-GAAP Statement of Operations excluding stock based compensation and related note for further explanation of this non-GAAP financial measure presented herein.

2

TiVo Inc.

Reconciliation of Non-GAAP Statement of Operations (including Non-GAAP Net Loss and Non-GAAP Net Loss Per Share) of TiVo Inc. to

GAAP Statement of Operations (including GAAP Net Loss and GAAP Net Loss Per Share) of TiVo Inc.

FY 2008 Q1-Q3.

excluding Stock-Based Compensation Expense⁽¹⁾

(unaudited, in thousands except per share data)

	FY 2008 Reconciliation by Quarter
	Q3’08 GAAP			Non-GAAP Adjustments			Q3’08 Non-GAAP			Q2’08 GAAP			Non-GAAP Adjustments			Q2’08 Non-GAAP			Q1’08 GAAP			Non-GAAP Adjustments			Q1’08 Non-GAAP
Revenues
Service revenues	$	52,940		$	—		$	52,940		$	53,376		$	—		$	53,376		$	54,155		$	—		$	54,155
Technology revenues		5,339			—			5,339			3,084			—			3,084			3,932			—			3,932
Hardware revenues		17,240			—			17,240			6,199			—			6,199			2,293			—			2,293
Net revenues		75,519			—			75,519			62,659			—			62,659			60,380			—			60,380
Cost of revenues
Cost of service revenues		10,738			(178	)		10,560			10,064			(178	)		9,886			10,155			(157	)		9,998
Cost of technology revenues		4,912			(726	)		4,186			3,696			(504	)		3,192			3,507			(463	)		3,044
Cost of hardware revenues		29,114			—			29,114			28,271			—			28,271			10,648			—			10,648
Total cost of revenues		44,764			(904	)		43,860			42,031			(682	)		41,349			24,310			(620	)		23,690
Gross margin		30,755			904			31,659			20,628			682			21,310			36,070			620			36,690
Operating Expenses
Research and development		14,049			(1,797	)		12,252			15,070			(1,967	)		13,103			14,245			(1,628	)		12,617
Sales and marketing		5,967			(660	)		5,307			5,381			(332	)		5,049			5,303			(476	)		4,827
Sales and marketing, subscription acquisition costs		9,050			—			9,050			9,015			—			9,015			5,790			—			5,790
General and administrative		11,106			(3,899	)		7,207			10,392			(2,261	)		8,131			11,222			(1,916	)		9,306
Income (loss) from operations		(9,417	)		7,260			(2,157	)		(19,230	)		5,242			(13,988	)		(490	)		4,640			4,150
Interest income		1,218			—			1,218			1,331			—			1,331			1,416			—			1,416
Interest expense and other		(45	)		—			(45	)		209			—			209			(83	)		—			(83	)
Income before income taxes		(8,244	)		7,260			(984	)		(17,690	)		5,242			(12,448	)		843			4,640			5,483
Provision for income taxes		—			—			—			—			—			—			(8	)		—			(8	)
Net income	$	(8,244	)	$	7,260		$	(984	)	$	(17,690	)	$	5,242		$	(12,448	)	$	835		$	4,640		$	5,475
Net income per common share basic and diluted	$	(0.08	)	$	—		$	(0.01	)	$	(0.18	)	$	—		$	(0.13	)	$	0.01		$	—		$	0.06
Weighted average common shares used to calculate basic net income (loss) per share		97,611			—			97,611			97,084			—			97,084			96,829			—			96,829
Weighted average common shares used to calculate diluted net income (loss) per share		97,611			—			97,611			97,084			—			97,084			98,047			—			98,047

⁽¹⁾ See related note attached hereto for further information on this Non-GAAP reconciliation.

3

TiVo Inc.

Reconciliation of Non-GAAP Statement of Operations (including Non-GAAP Net Loss and Non-GAAP Net Loss Per Share) of TiVo Inc. to

GAAP Statement of Operations (including GAAP Net Loss and GAAP Net Loss Per Share) of TiVo Inc.

FY 2007 Q1 through Q4

excluding Stock-Based Compensation Expense⁽¹⁾

(unaudited, in thousands except per share data)

	FY 2007 Reconciliation by Quarter
	Q4’07 GAAP			Non-GAAP Adjustments			Q4’07 Non-GAAP			Q3’07 GAAP			Non-GAAP Adjustments			Q3’07 Non-GAAP			Q2’07 GAAP			Non-GAAP Adjustments			Q2’07 Non-GAAP			Q1’07 GAAP			Non-GAAP Adjustments			Q1’07 Non-GAAP
Revenues
Service revenues	$	53,543		$	—		$	53,543		$	49,000		$	—		$	49,000		$	49,430		$	—		$	49,430		$	46,951		$	—		$	46,951
Technology revenues		3,417			—			3,417			3,527			—			3,527			3,382			—			3,382			8,083			—			8,083
Hardware revenues		19,890			—			19,890			13,476			—			13,476			6,503			—			6,503			1,719			—			1,719
Net revenues		76,850			—			76,850			66,003			—			66,003			59,315			—			59,315			56,753			—			56,753
Cost of revenues
Cost of service revenues		12,445			(117	)		12,328			10,820			(129	)		10,691			9,628			(130	)		9,498			10,435			(94	)		10,341
Cost of technology revenues		3,476			(338	)		3,138			3,006			(236	)		2,770			3,001			(243	)		2,758			7,366			(203	)		7,163
Cost of hardware revenues		43,534			—			43,534			31,925			—			31,925			21,607			—			21,607			15,146			—			15,146
Total cost of revenues		59,455			(455	)		59,000			45,751			(365	)		45,386			34,236			(373	)		33,863			32,947			(297	)		32,650
Gross margin		17,395			455			17,850			20,252			365			20,617			25,079			373			25,452			23,806			297			24,103
Operating Expenses
Research and development		12,755			(1,419	)		11,336			12,221			(1,608	)		10,613			12,891			(1,451	)		11,440			12,861			(1,118	)		11,743
Sales and marketing		6,784			(385	)		6,399			5,450			(474	)		4,976			5,439			(450	)		4,989			4,847			(340	)		4,507
Sales and marketing, subscription acquisition costs		9,915			—			9,915			5,016			—			5,016			3,053			—			3,053			2,783			—			2,783
General and administrative		8,852			(1,720	)		7,132			9,811			(1,636	)		8,175			11,091			(1,289	)		9,802			15,059			(1,332	)		13,727
Loss from operations		(20,911	)		3,979			(16,932	)		(12,246	)		4,083			(8,163	)		(7,395	)		3,563			(3,832	)		(11,744	)		3,087			(8,657	)
Interest income		1,426			—			1,426			1,291			—			1,291			988			—			988			1,062			—			1,062
Interest expense and other		(8	)		—			(8	)		(133	)		—			(133	)		(29	)		—			(29	)		(3	)		—			(3	)
Loss before income taxes		(19,493	)		3,979			(15,514	)		(11,088	)		4,083			(7,005	)		(6,436	)		3,563			(2,873	)		(10,685	)		3,087			(7,598	)
Provision for income taxes		(17	)		—			(17	)		(4	)		—			(4	)		(12	)		—			(12	)		(19	)		—			(19	)
Net Loss	$	(19,510	)	$	3,979		$	(15,531	)	$	(11,092	)	$	4,083		$	(7,009	)	$	(6,448	)	$	3,563		$	(2,885	)	$	(10,704	)	$	3,087		$	(7,617	)
Net loss per common share basic and diluted	$	(0.20	)	$	—		$	(0.16	)	$	(0.12	)	$	—		$	(0.08	)	$	(0.07	)	$	—		$	(0.03	)	$	(0.13	)	$	—		$	(0.09	)
Weighted average common shares used to calculate basic and diluted net loss per share		96,415			—			96,415			91,930			—			91,930			85,978			—			85,978			85,134			—			85,134

⁽¹⁾ See related note attached hereto for further information on this Non-GAAP reconciliation.

4

TiVo Inc.

Reconciliation of Non-GAAP Statement of Operations (including Non-GAAP Net Loss and Non-GAAP Net Loss Per Share) of TiVo Inc. to

GAAP Statement of Operations (including GAAP Net Loss and GAAP Net Loss Per Share) of TiVo Inc.

FY 2006 Q4

excluding Stock-Based Compensation Expense⁽¹⁾

(unaudited, in thousands except per share data)

	FY 2006 Reconciliation by Quarter
	Q4’06 GAAP			Non-GAAP Adjustments			Q4’06 Non-GAAP
	Adjusted
Revenues
Service revenues	$	46,305		$	—		$	46,305
Technology revenues		328			—			328
Hardware revenues		14,135			—			14,135
Net revenues		60,768			—			60,768
Cost of revenues
Cost of service revenues		10,250			—			10,250
Cost of technology revenues		(121	)		—			(121	)
Cost of hardware revenues		38,811			—			38,811
Total cost of revenues		48,940			—			48,940
Gross margin		11,828			—			11,828
Operating Expenses
Research and development		10,693			(46	)		10,647
Sales and marketing		5,387			(75	)		5,312
Sales and marketing, subscription acquisition costs		5,951			—			5,951
General and administrative		11,769			(216	)		11,553
Loss from operations		(21,972	)		337			(21,635	)
Interest income		900			—			900
Interest expense and other		(1	)		—			(1	)
Loss before income taxes		(21,073	)		337			(20,736	)
Provision for income taxes		(13	)		—			(13	)
Net Loss	$	(21,086	)	$	337		$	(20,749	)
Net loss per common share basic and diluted	$	(0.25	)	$	—		$	(0.25	)
Weighted average common shares used to calculate basic and diluted net loss per share		84,643			—			84,643

⁽¹⁾ See related note attached hereto for further information on this Non-GAAP reconciliation.

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Note to Trended Non-GAAP Statement of Operations Excluding Stock-Based Compensation Expense.

These FY08 Q3 Key Financial Metric Trend Sheets include the Non-GAAP Statement of Operations adjusted to exclude stock-based compensation expense from the related GAAP line items, including non-GAAP loss from operations. We use these non-GAAP financial measures for internal managerial purposes and to facilitate period-to-period comparisons. These non-GAAP financial measures are used in addition to and in conjunction with our results presented in accordance with GAAP. These non-GAAP financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP results and the accompanying reconciliations to the corresponding GAAP financial measures, provide a more complete understanding of factors and trends affecting our business. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to loss from operations, and net loss and net loss per share calculated in accordance with generally accepted accounting principles.

In addition, because of the variety of equity awards used by companies, the varying methodologies for determining stock-based compensation expense, and the subjective assumptions involved in those determinations, we believe excluding stock-based compensation enhances the ability of management and investors to compare our core operating results over multiple periods. We do not use stock-based compensation expense in our internal measures. A limitation associated with these non-GAAP measures is that they do not include any stock-based compensation expense related to hiring, retaining, and incentivizing the Company’s workforce.

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Trend Sheet for Non-GAAP Key Financial Metrics⁽¹⁾

(unaudited, in thousands except per share data)

	Three Months Ended
	Oct 31, 2007			July 31, 2007			Apr 30, 2007			Jan 31, 2007			Oct 31, 2006			July 31, 2006			Apr 30, 2006			Jan 31, 2006
Reconciliation to EBITDA and Adjusted EBIDTA
Net income (loss)	$	(8,244	)	$	(17,690	)	$	835		$	(19,510	)	$	(11,092	)	$	(6,448	)	$	(10,704	)	$	(21,086	)
Add back:
Depreciation & amortization		2,445			2,586			2,620			1,944			2,217			1,868			1,730			1,757
Interest income & expense		(1,201	)		(1,324	)		(1,400	)		(1,423	)		(1,246	)		(988	)		(1,060	)		(898	)
Provision for income tax		—			—			8			17			4			12			19			13
EBITDA	$	(7,000	)	$	(16,428	)	$	2,063		$	(18,972	)	$	(10,117	)	$	(5,556	)	$	(10,015	)	$	(20,214	)
Stock-based compensation		7,260			5,242			4,640			3,979			4,083			3,563			3,087			337
Adjusted EBITDA	$	260		$	(11,186	)	$	6,703		$	(14,993	)	$	(6,034	)	$	(1,993	)	$	(6,928	)	$	(19,877	)
Subscription Metrics
TiVo-Owned subscription gross additions		69			41			57			163			101			74			91			221
TiVo-Owned subscription cancellations		(65	)		(60	)		(56	)		(62	)		(48	)		(44	)		(40	)		(38	)
TiVo-Owned churn rate per month		-1.3	%		-1.2	%		-1.1	%		-1.2	%		-1.0	%		-0.9	%		-0.9	%		-0.9	%
TiVo-Owned net additions (losses)		4			(19	)		1			101			53			30			51			183
TiVo-Owned cumulative subscriptions		1,712			1,708			1,727			1,726			1,625			1,572			1,542			1,491
% of TiVo-Owned cumulative subscriptions paying recurring fees		60	%		59	%		59	%		58	%		55	%		53	%		52	%		51	%
Fully Amortized Active Lifetime Subscriptions		190			180			179			165			138			129			122			100
MSOs/Broadcasters’ Net additions (losses)		(134	)		(126	)		(103	)		(91	)		(37	)		(29	)		2			173
Total subscription net additions (losses)		(130	)		(145	)		(102	)		10			16			1			53			356
Total cumulative subscriptions		4,067			4,197			4,342			4,444			4,434			4,418			4,417			4,364
TiVo-Owned ARPU & Subscription Acquisition Costs
TiVo-Owned-related service revenues		46,341			46,823			46,995			45,091			41,427			41,234			38,942			36,703
TiVo-Owned average subscriptions		1,708			1,719			1,729			1,673			1,596			1,559			1,520			1,388
TiVo-Owned ARPU per month	$	9.04		$	9.08		$	9.06		$	8.98		$	8.65		$	8.82		$	8.54		$	8.81
TiVo-Owned total acquisition costs		20,924			31,087			14,145			33,559			23,465			18,157			16,210			30,627
TiVo-Owned subscription gross additions		69			41			57			163			101			74			91			221
TiVo-Owned subscription acquisition costs		303			758			248			206			232			245			178			139
MSOs/Broadcasters’ ARPU
MSOs/Broadcasters’-related service revenues		6,599			6,553			7,160			8,452			7,573			8,196			8,009			9,602
MSOs/Broadcasters’ average subscriptions		2,422			2,554			2,668			2,767			2,837			2,858			2,881			2,818
MSOs/Broadcasters’ ARPU per month	$	0.91		$	0.86		$	0.89		$	1.02		$	0.89		$	0.96		$	0.93		$	1.14

⁽¹⁾ This presentation is not prepared under a comprehensive set of accounting rules or principles such as GAAP. See attached reconciliation of Non-GAAP Statement of Operations excluding stock based compensation and related note for further explanation of this non-GAAP financial measure presented herein.

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EBITDA and Adjusted EBITDA Results. TiVo’s “EBITDA” means income before interest income and expense, provision for income taxes and depreciation and amortization. TiVo’s “Adjusted EBITDA” is EBITDA less expense for stock-based compensation. EBITDA and Adjusted EBITDA are not measures of financial performance under generally accepted accounting principles, which we refer to as GAAP. TiVo’s EBITDA and Adjusted EBITDA results are calculated by adjusting GAAP net income to exclude the effects of items that management believes are not directly related to the underlying performance of TiVo’s core business operations. A table reconciling TiVo’s EBITDA and Adjusted EBITDA to GAAP net income is included with the condensed consolidated financial statements attached to this release. We have presented EBITDA and Adjusted EBITDA solely as supplemental disclosure because we believe they allow for a more complete analysis of our results of operations and we believe that EBITDA and Adjusted EBITDA are useful to investors because EBITDA and Adjusted EBITDA are commonly used to analyze companies on the basis of operating performance. In addition, because of the variety of equity awards used by companies, the varying methodologies for determining stock-based compensation expense, and the subjective assumptions involved in those determinations, we believe excluding stock-based compensation enhances the ability of management and investors to compare our core operating results over multiple periods. We do not use stock-based compensation expense in our internal measures. A limitation associated with these non-GAAP measures is that they do not include any stock-based compensation expense related to hiring, retaining, and incentivizing the Company’s workforce. EBITDA and Adjusted EBITDA are not intended to represent, and should not be considered more meaningful than, or as an alternative to, measures of operating performance as determined in accordance with GAAP.

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	Three Months Ended
(Subscriptions in thousands)	Oct 31, 2007		July 31, 2007		April 30, 2007		Jan 31, 2007		Oct 31, 2006		July 31, 2006		April 30, 2006		Jan 31, 2006
TiVo-Owned Subscription Gross Additions:	69		41		57		163		101		74		91		221
Subscription Net Additions/(Losses):
TiVo-Owned	4		(19	)	1		101		53		30		51		183
MSOs/Broadcasters	(134	)	(126	)	(103	)	(91	)	(37	)	(29	)	2		173
Total Subscription Net Additions/(Losses)	(130	)	(145	)	(102	)	10		16		1		53		356
Cumulative Subscriptions:
TiVo-Owned	1,712		1,708		1,727		1,726		1,625		1,572		1,542		1,491
MSOs/Broadcasters	2,355		2,489		2,615		2,718		2,809		2,846		2,875		2,873
Total Cumulative Subscriptions	4,067		4,197		4,342		4,444		4,434		4,418		4,417		4,364
Fully Amortized Active Lifetime Subscriptions	190		180		179		165		138		129		122		100
% of TiVo-Owned Cumulative Subscriptions paying recurring fees	60	%	59	%	59	%	58	%	55	%	53	%	52	%	51	%
	Three Months Ended
(Subscriptions in thousands)	Oct 31, 2007		July 31, 2007		April 30, 2007		Jan 31, 2007		Oct 31, 2006		July 31, 2006		April 30, 2006		Jan 31, 2006
Average TiVo-Owned subscriptions	1,708		1,719		1,729		1,672		1,596		1,559		1,520		1,388
TiVo-Owned subscription cancellations	(65	)	(60	)	(56	)	(62	)	(48	)	(44	)	(40	)	(38	)
TiVo-Owned Churn Rate per month	-1.3	%	-1.2	%	-1.1	%	-1.2	%	-1.0	%	-0.9	%	-0.9	%	-0.9	%

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TiVo-Owned Churn Rate per Month. Management reviews this metric, and believes it may be useful to investors, in order to evaluate our ability to retain existing TiVo-Owned subscriptions (including both monthly and product lifetime subscriptions) by providing services that are competitive in the market. Management believes factors such as service enhancements, service commitments, higher customer satisfaction, and improved customer support may improve this metric. Conversely, management believes factors such as increased competition, lack of competitive service features such as high definition television recording capabilities for our low cost product offerings, and increased price sensitivity may cause our TiVo-Owned Churn Rate per month to increase.

We define the TiVo-Owned Churn Rate per month as the total TiVo-Owned subscription cancellations in the period divided by the Average TiVo-Owned subscriptions for the period (including both monthly and product lifetime subscriptions), which then is divided by the number of months in the period. We calculate Average TiVo-Owned subscriptions for the period by adding the average TiVo-Owned subscriptions for each month and dividing by the number of months in the period. We calculate the average TiVo-Owned subscriptions for each month by adding the beginning and ending subscriptions for the month and dividing by two. We are not aware of any uniform standards for calculating churn and caution that our presentation may not be consistent with that of other companies.

	Three Months Ended
Subscription Acquisition Costs	Oct 31, 2007			Jul 31, 2007			Apr 30, 2007			Jan 31, 2007			Oct 31, 2006			Jul 31, 2006			Apr 30, 2006			Jan 31, 2006
				(In thousands, except SAC)
Sales and marketing, subscription acquisition costs	$	9,050		$	9,015		$	5,790		$	9,915		$	5,016		$	3,053		$	2,783		$	5,951
Hardware revenues		(17,240	)		(6,199	)		(2,293	)		(19,890	)		(13,476	)		(6,503	)		(1,719	)		(14,135	)
Cost of hardware revenues		29,114			28,271			10,648			43,534			31,925			21,607			15,146			38,811
Total Acquisition Costs		20,924			31,087			14,145			33,559			23,465			18,157			16,210			30,627
TiVo-Owned Subscription Gross Additions		69			41			57			163			101			74			91			221
Subscription Acquisition Costs (SAC)	$	303		$	758		$	248		$	206		$	232		$	245		$	178		$	139

Subscription Acquisition Cost or SAC. Management reviews this metric, and believes it may be useful to investors, in order to evaluate trends in the efficiency of our marketing programs and subscription acquisition strategies. We define SAC as our total acquisition costs for a given period divided by TiVo-Owned subscription gross additions for the same period. In the first fiscal quarter of 2008, we revised our definition of total acquisition costs. We now define total acquisition costs as sales and marketing, subscription acquisition costs less net hardware revenues (defined as gross hardware revenues less rebates, revenue share and market development funds paid to retailers) plus cost of hardware revenues. The sales and marketing, subscription acquisition costs line item includes advertising expenses and promotion-related expenses directly related to subscription acquisition activities, but does not include expenses related to advertising sales. We do not include third parties

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subscription gross additions, such as MSOs/Broadcasters’ gross additions with TiVo subscriptions, in our calculation of SAC because we incur limited or no acquisition costs for these new subscriptions. We are not aware of any uniform standards for calculating total acquisition costs or SAC and caution that our presentation may not be consistent with that of other companies.

	Three Months Ended
TiVo-Owned Average Revenue per Subscription	Oct 31, 2007			July 31, 2007			April 30, 2007			Jan 31, 2007			Oct 31, 2006			July 31, 2006			April 30, 2006			Jan 31, 2006
							(In thousands, except ARPU)
Total Service revenues		52,940			53,376			54,155			53,543			49,000			49,430			46,951			46,305
Less: MSOs/Broadcasters-related service revenues		(6,599	)		(6,553	)		(7,160	)		(8,452	)		(7,573	)		(8,196	)		(8,009	)		(9,602	)
TiVo-Owned-related service revenues		46,341			46,823			46,995			45,091			41,427			41,234			38,942			36,703
Average TiVo-Owned revenues per month		15,447			15,608			15,665			15,030			13,809			13,745			12,981			12,234
Average TiVo-Owned per month subscriptions		1,708			1,719			1,729			1,673			1,596			1,559			1,520			1,388
TiVo-Owned ARPU per month	$	9.04		$	9.08		$	9.06		$	8.98		$	8.65		$	8.82		$	8.54		$	8.81
	Three Months Ended
MSOs/Broadcasters Average Revenue per Subscription	Oct 31, 2007			July 31, 2007			April 30, 2007			Jan 31, 2007			Oct 31, 2006			July 31, 2006			April 30, 2006			Jan 31, 2006
							(In thousands, except ARPU)
Total Service revenues		52,940			53,376			54,155			53,543			49,000			49,430			46,951			46,305
Less: TiVo-Owned-related service revenues		(46,341	)		(46,823	)		(46,995	)		(45,091	)		(41,427	)		(41,234	)		(38,942	)		(36,703	)
MSOs/Broadcasters-related service revenues		6,599			6,553			7,160			8,452			7,573			8,196			8,009			9,602
Average MSOs/Broadcasters revenues per month		2,200			2,184			2,387			2,817			2,524			2,732			2,670			3,201
Average MSOs/Broadcasters per month subscriptions		2,422			2,554			2,668			2,767			2,837			2,858			2,881			2,818
MSOs/Broadcasters ARPU per month	$	0.91		$	0.86		$	0.89		$	1.02		$	0.89		$	0.96		$	0.93		$	1.14

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Average Revenue Per Subscription or ARPU. Management reviews this metric, and believes it may be useful to investors, in order to evaluate the potential of our subscription base to generate revenues from a variety of sources, including subscription fees, advertising, and audience research measurement. ARPU does not include rebates, revenue share and other payments to channel that reduce our GAAP revenues. As a result, you should not use ARPU as a substitute for measures of financial performance calculated in accordance with GAAP. Management believes it is useful to consider this metric excluding the costs associated with rebates, revenue share and other payments to channel because of the discretionary and varying nature of these expenses and because management believes these expenses, which are included in hardware revenues, net, are more appropriately monitored as part of SAC. We are not aware of any uniform standards for calculating ARPU and caution that our presentation may not be consistent with that of other companies.

We calculate ARPU per month for TiVo-Owned subscriptions by subtracting MSOs/Broadcaster-related service revenues (which includes MSOs/Broadcasters’ subscription service revenues and MSOs/Broadcasters’-related advertising revenues) from our total reported net service revenues and dividing the result by the number of months in the period. We then divide by Average TiVo-Owned subscriptions for the period, calculated as described above for churn rate. The above table shows this calculation.

We calculate ARPU per month for MSOs/Broadcasters’ subscriptions by first subtracting TiVo-Owned-related service revenues (which includes TiVo-Owned subscription service revenues and TiVo-Owned related advertising revenues) from our total reported service revenues. Then we divide average revenues per month for MSOs/Broadcasters’-related service revenues by average MSOs/Broadcasters’ subscriptions for the period. The above table shows this calculation.

Beginning in February 2006, pursuant to the most recent amendment of our agreement with DIRECTV, TiVo defers a portion of the DIRECTV subscription fees equal to the fair value of the undelivered development services. Additionally, beginning in February 2007, DIRECTV began paying us a monthly fee for all DIRECTV households with DIRECTV receivers with TiVo service similar to the lower amount paid by DIRECTV for households with DIRECTV receivers with TiVo service deployed since March 15, 2002, subject to a monthly minimum payment by DIRECTV.

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