Tivo revenue jumps 43 pct on strong cable subscriber additions

Tuesday, 26 Nov 2013 | 4:19 PM ET

Nov 26 (Reuters) - TiVo Inc, maker of digital video recorders, reported a 43 percent jump in revenue, helped by strong growth in cable television subscriptions.

TiVo's shares rose 3 percent in extended trading.

The company's net income fell to $12.5 million, or 10 cents per share in the third quarter, from $59 million, or 44 cents per share, a year earlier.

Revenue increased to $117.3 million from $82 million.

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