TiVo Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. The company reported first quarter revenue of $206 million, an increase of 74% compared to $118 million in the first quarter of 2016. The increase was due to the acquisition of TiVo Solutions Inc. Net loss was $35 million or $0.29 per basic and diluted share, compared to a net loss of $18 million or $0.22 per basic and diluted share for the first quarter of 2016. Operating loss was $5.3 million compared with operating income of $11.4 million a year ago. Loss before income taxes was $29.1 million compared with $12.2 million a year ago. Non-GAAP pre-tax income was $54 million, compared to $32 million in the first quarter of 2016.

For fiscal year 2017, the company expects revenue of $800 million to $835 million, including approximately $30 million of hardware revenues at the mid-point of expectations, with GAAP loss before taxes of $83 million to $68 million and non-GAAP pre-tax income of $200 million to $225 million. The company now anticipates 49% of its full year revenues in the first half of year and 51% in the second half of the year. The company expects amortization of intangible assets of $166 million.