AMI Division Still Driving Rentrak Growth

Multi-screen measurement specialist Rentrak has reported a 3% increase in overall revenue to $22.5m for its second fiscal quarter, the now familiar net result of strong growth in its Advanced Media and Information (AMI) business (here 35%) and a decline in Home Entertainment.

The Home Entertainment business saw revenues decline by 23% during the period, to $9.3m from $12.1m in last year's second fiscal quarter. Rentrak said this primarily reflects a significant reduction in box office titles made available by movie studios during the summer Olympics.

This decline was offset by the AMI division, whose revenue represented 59% of the total, and rose to $13.2m from $9.8m for the same period last year. Within this, TV Essentials revenue grew 110% to $4.1m, and OnDemand Everywhere revenues were up 28% to $3.3m.

For the group, operating loss for the second quarter was $18.4m, which included $16.5m in costs associated with the data sharing agreement with DISH Network, and expansion of Rentrak's AMI business.

CEO Bill Livek (pictured) comments: 'Nearly all of our businesses performed better than expected during the quarter. In Home Entertainment, a business that generates very healthy cash flow, our rate of decline was less than anticipated despite the significant headwinds caused by a shortage of theatrical releases from the movie studios created by consumers' focus on viewing the summer Olympics.'

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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