TiVo Corporation reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2017. The company reported third quarter revenue of $197.9 million, an increase of 29% compared to $153.1 million in the third quarter of 2016. Revenues were higher than in the comparable period of the prior year due to the acquisition of TiVo Solutions Inc. in the third quarter of 2016. Third quarter 2017 Net loss was $17.0 million, compared to a net income of $49.9 million for the third quarter of 2016. The third quarter 2016 net income included an $83.4 million tax benefit. On a Non-GAAP basis, third quarter 2017 Non-GAAP Pre-tax Income was $54.1 million, compared to $45.6 million in the third quarter of 2016. Third quarter 2017 Adjusted EBITDA was $66.5 million compared to $59.8 million in third quarter 2016. Operating loss was $1.552 million against $20.035 million a year ago. Loss from continuing operations, net of tax was $16.963 million or $0.14 diluted per share against income of $54.439 million or $0.60 diluted per share a year ago. Loss before income taxes was $12.622 million against $29.006 million a year ago. Diluted loss per share was $0.14 compared to earnings per share of $0.54 a year ago.

For the nine-month period, the company reported total revenues, net was $612.220 million against $396.750 million a year ago. Operating income was at $1.846 million against $1.540 million a year ago. Loss before income taxes was $42.579 million against $47.446 million a year ago. Loss from continuing operations, net of tax was $56.40 million or $0.47 diluted per share against income of $27.379 million or $0.32 diluted per share a year ago. Net loss was $56.395 million or $0.47 diluted per share against income of $22.862 million or $0.27 diluted per share a year ago. Non-GAAP Pre-tax Income was $174.465 million, compared to $114.534 million in 2016. Adjusted EBITDA was $215.575 million compared to $156.184 million in 2016.

For fiscal year 2017, the company maintains its expected revenue range of $810 million to $830 million, which includes approximately $35 million of hardware revenues at the mid-point of expectations. Additionally, the company expects the full year GAAP Operating loss to be $8 million to $2 million, which is an improvement from the prior range due to lower equity-based compensation costs and transaction, transition & integration costs. Adjusted EBITDA expectations continue to be $276 million to $290 million. The company now expects a GAAP loss before taxes to be in the range of $70 million to $60 million. On the cost front, the company maintains its 2017 non-GAAP pretax income expectations of $218 million to $232 million. The company expected cash taxes to be in the range of $20 million to $22 million. The company expected depreciation to be $23 million.