Rentrak Annual Revenue Up by a Third

Multi-screen audience measurement specialist Rentrak has reported a 40% rise in Q4 revenue to $21.6m, mainly driven by its TV Everywhere measurement segment, where revenue nearly doubled to $10m. For the full year 2014, revenue was up 33% to $75.6m.

During the fiscal fourth quarter, revenue for the TV Everywhere measurement segment rose 94% from $5.2m in the prior year period, while for the Movies Everywhere OnDemand business segment, revenue was up 13% to $6.9m. OnDemand Everywhere revenue increased 9% to $3.3m, and revenue from the firm's 'other services' - which include its Studio Direct Revenue Share and Home Entertainment Essentials information business - rose 21% to $1.4m. As announced in February, Rentrak is selling its PPT home video rental analysis arm, and this business is now reported as 'discontinued operations'.

Operating expenses for the fiscal 2014 fourth quarter totaled $17.1m, versus $12.0m for Q4 fiscal 2013, and net loss for the quarter rose slightly from $2m to $2.1m.

For the full year ended March 31st 2014, the TV Everywhere segment saw the highest growth, with revenue up 78% to $31.3m, while Movies Everywhere OnDemand increased 11% to $26.5m, OnDemand Everywhere rose 12% to $12.8m, and 'other services' saw combined growth of 24% to $5.0m. Operating loss for fiscal 2014 totalled $9.5m.

Chairman and CEO Bill Livek (pictured) describes the fourth quarter results as 'exceptional', adding: 'We surpassed revenue growth expectations in the majority of our business lines, our pipeline remains strong and our future opportunities are solid. We are on track to sell the PPT business, as we focus our efforts on expanding the value and utilization of Rentrak's measurement and information services.'

Web site: www.rentrak.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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