A | B | C | D | E | F | |
---|---|---|---|---|---|---|
1 | Revision Date | Version | Description of Change | |||
24 | 2/21/2012 | V14.8 | Corrected formula error pointed out by Init_2_Winitall on YMB related to average subs. | |||
25 | 2/24/2012 | V15.0 | Updated to reflect TiVo's Q4-2012 Report on 2/23/2012. Downward revisions to my subscriber estimates to account for the loss of (26) TiVo-Owned v estimate of (15) and gain of 260 MSO subscriptions for a net gain of total subscriptions of 234. | |||
26 | 3/15/2012 | V15.1 | Updated subscriber historical and projected estimates based on ONO numbers released 3/12/2012 | |||
27 | 3/21/2012 | V15.2 | Removed Canal from model until further information is received on progress of deal. | |||
28 | 5/25/2012 | V15.3 | Deleted Canal row from model. Confirmed that it is a dead project. Adjusted penetration estimates for Comcast and others to reflect a more conservative perspective. | |||
29 | 7/24/2012 | V15.4 | Adjustments based on Virgin Media Q2-12 Earnings, further updates after ONO reports on 7/27/2012 | |||
30 | 7/25/2012 | V15.5 | Fixed incorrect quarter ending dates on subscriber metrics workbook; updated Com Hem to 1.74M addressable subscribers | |||
31 | 7/26/2012 | V15.6 | Tweaked Virgin Media growth estimates (upward) - conservative adds per day based on previous two quarters. | |||
32 | 7/27/2012 | V15.7 | Adjusted ONO's subscriber base to 897 (per Q2 earnings release) and adjusted subscriber estimates upward for FY13. | |||
33 | 8/21/2012 | V15.8 | Added GCI (Alaska) after deal announcement on 8/21/2012 | |||
34 | 8/26/2012 | V15.9 | Tweaked Evolution data - Northland has 322,000 households passed and 81,000 video subs | |||
35 | 8/31/2012 | V16.0 | Reduced Comcast subscriber penetration (0.4% to 0.2% for FY13; 1.0% to 0.4% for FY14-FY16); Reduce DTV penetration from 0.4% to 0.3% for FY13-FY16; Delete Cox sub contribution until some clarity is provided by TiVo or Cox; Slightly increased Suddenlink penetration from 3 to 4% for FY13 and 4 to 5% for FY14-FY16; | |||
36 | 9/24/2012 | V16.1 | Update to reflect Verizon Settlement on 9/24/2012 | |||
37 | 9/27/2012 | V16.2 | Added Mediacom deal which was announced on 9/27/2012. | |||
38 | 10/11/2012 | V16.3 | Added Midcontinent deal which was announced on 10/11/2012 | |||
39 | 10/23/2012 | V16.4 | Updated to reflect Virgin Media Q3 Earnings Results on 10/23/2012 reflecting net TiVo adds of 205,900. Dropped VMED penetration for FY13 to 24.7%. | |||
40 | 11/7/2012 | V16.5 | Updated to reflect ONO's TV subscriber base reduction to 882,000 with increase of TiVo subscriber's to 56,000 (Q3-12 earnings). | |||
41 | 11/9/2012 | V16.6 | Updated to reflect strong growth at Suddenlink in Q3. 30% increase in Digital Video Customers. | |||
42 | 11/10/2012 | V16.7 | Updated to reflect GCI's Q3 Release where Basic Video Subscribers dropped to 122,200 with 89,200 HD-DVR boxes | |||
43 | 11/25/2012 | V16.8 | Updated SGM to reflect increased penetration at Suddenlink with the launch of the Stream/Mini & more observed commitment from management to the TiVo Ecosystem; lowered DTV penetration even further; | |||
44 | 11/27/2012 | V16.9 | Cable One selects TiVo as its exclusive software provider for its 613,000 basic video subscribers. | |||
45 | 12/1/2012 | V17.0 | Model updates post Q3FY13 Earnings Release; | |||
46 | 12/6/2012 | V17.1 | Adjusted some subscriber penetration estimates; e.g., lowered VMED penetration in out years to bring total penetration to 80.8%; | |||
47 | 12/21/2012 | V17.2 | Minor tweaks to detailed income model (e.g., tweaked VZ revenue per CC transcript...) | |||
48 | 2/11/2013 | V17.3 | Lowered Virgin Estimate after their Q4 report of 187,300 TiVo adds. | |||
49 | 2/22/2013 | V17.4 | Removed Charter Communications from sub growth model - deal appears to be dead based on Charter Q4 Conference Call. | |||
50 | 2/28/2013 | V17.5 | Adjusted Evolution Digital numbers based on Naveen Chopra comment about a dozen operators using this channel. Tweaked sub growth on Tier 2's and Retail based on the Mini thin-client launch. Adjust FY14 Mediacom penetration ramp downward slightly to account for a slow ramp up to their entire footprint in CY13. | |||
51 | 3/10/2013 | V17.6 | Tweaked MSO ARPU numbers to correspond with increasing MSO revenue QoQ. Also tweaked TiVo-Owned MSO ARPU numbers to account for improving trend in retail subs after the release of the TiVo Mini. | |||
52 | 3/14/2013 | V17.7 | Tweaked ONO penetration number based on Q4 release showing accelerated growth of TiVo Subs to 95,000 (39,000 net gain); 11% penetration. | |||
53 | 4/12/2013 | V17.8 | Tweaked ONO penetration numbers again based on news release(s) that ONO has reached 150,000 TiVo subs in early April -- accelerated growth. | |||
54 | 4/24/2013 | V17.9 | Slightly increased Virgin Media penetration for FY14 after their Q1 report of 171,900 TiVo adds (40% penetration). | |||
55 | 5/7/2013 | V18.0 | Tweaked ONO & Suddenlink penetration numbers based on Q1 releases. | |||
56 | 5/20/2013 | V18.1 | Update for Q1F14 Results... announced deal with Atlantic Broadband. Reduced penetration estimates on Suddenlink (80,000 devices comment). | |||
57 | 6/7/2013 | V18.2 | Post Arris/Moto/Cisco settlement | |||
58 | 6/13/2013 | V18.3 | Model tweaks and valuation tweaks throughout... | |||
59 | 8/26/2013 | V18.4 | Minor downward adjustments based on Virgin Media and ONO along with weak US MSO numbers and retail slow-down prior to Roamio release. | |||
60 | 8/30/2013 | V18.5 | Adjustments to account for TiVo's FQ314 Guidance and Arris/Moto/Cisco/Google Settlement accounting. | |||
61 | 11/15/2013 | V18.6 | Updated to reflect Q3 results from Virgin Media, ONO, Mediacom, and Suddenlink. | |||
62 | 2/24/2014 | V19.0 | Updated to reflect TiVo F14Q3 actuals and revised subscriber counts from Virgin Media, ONO, and Com Hem (4th quarter earnings). | |||
63 | 2/27/2014 | V19.1 | Update in progress following release of TiVo's F14Q4 results. | |||
64 | 3/9/2014 | V19.2 | Continued refinement following TiVo's F14Q4. | |||
65 | 3/11/2014 | V19.3 | Updated Suddenlink penetration based on their Q413 release. Reduces subscriber growth multiplier for US Tier 2/3 from 2.5 to 2.0 based on Suddenlink metrics. | |||
66 | 4/29/2014 | V19.4 | Added sub-growth for deal with Wavedivision Holdings which was announced March 26, 2014 | |||
67 | 5/30/2014 | V20.0 | Updated following TiVo F15Q1 Report | |||
68 | 7/21/2014 | V20.1 | Updated following Cogeco Canada announcement | |||
69 | 8/24/2014 | V20.2 | Pre-earnings announcement update | |||
70 | 8/27/2014 | V20.3 | Update post Q2F15 earnings. | |||
71 | 8/28/2014 | V20.4 | Updated after clarification from TiVo IR about diluted income not including income expense associated with the convertible that amount to approximately $1.25mn per quarter. | |||
72 | 9/11/2014 | V20.5 | Update after Armstrong US Announcement - 200,000 addressable video subs | |||
73 | 9/26/2014 | V20.6 | Increased ONO's penetration for TiVo's FY15. | |||
74 | 10/22/2014 | V20.7 | Add minimal Cogeco penetration fo FY15 after Cogeco launches earlier than I anticipated. | |||
75 | 11/25/2014 | V21.0 | Update following Q3F15 Earnings Release. | |||
76 | 2/26/2015 | V21.1 | Update to refect Frontier deal and Virgin Media expansion | |||
77 | 3/3/2015 | V21.2 | Pre Q4 Earnings Update | |||
78 | 3/4/2015 | V21.3 | Post Q4 Earnings Update | |||
79 | 12/1/2015 | V22.0 | Q3F16 Earnings Update | |||
80 | ||||||
81 | Latest Revision | V22.0 | ||||
82 | ||||||
83 |