Rentrak Reports Q4 and Full Year Revenue Rises

Audience measurement specialist Rentrak has reported a 32% revenue increase for the fourth quarter of fiscal 2015 - to $28.5m from $21.5m a year earlier. For the full year, revenue grew 36% to $102.9m.

During the fourth quarter, revenue for the TV Everywhere division was up 64% to $16.4m - actually slightly slower than the dizzying pace set earlier in the fiscal year, if still none too shabby. OnDemand Everywhere climbed 21% to $3.9m, and Movies Everywhere rose 6% to $7.4m. Other services - including the company's Studio Revenue, Share Essentials, and Home Entertainment Essentials businesses - saw revenues fall 45% to $0.7m.

For the group, gross margin was 63% of revenue for the fourth quarter of fiscal 2015, compared with 66% for the same period last year. Operating expenses totalled $19.7m, versus $17.1m for Q4 of fiscal 2014, as a result of the costs associated with the acquisition of Kantar's US return path data business in December, as well as headcount increases and other operating costs. Loss from continuing operations, net of income taxes, improved to $614k, versus a loss of $2.7m for the same period last year. Net income was $1.6m, and net loss was $2.1m, while Adjusted EBITDA increased substantially to $4.5m from $1.8m.

CEO Bill Livek (pictured) comments: 'Rentrak's fourth quarter was characterized by strong revenue growth, substantial bottom-line improvement and many significant operational achievements. Profit contribution, on an adjusted basis, in each of our three major product lines grew significantly for fiscal 2015, and we are especially proud of our gains in our TV division'.

For the full year, revenue in Rentrak's TV Everywhere business increased by 76% to $55.0m; by 11% to $14.3m in the OnDemand Everywhere arm; and by 12% to $29.5m in the Movies Everywhere segment. For the group as a whole, gross margin increased to 65% of revenue, compared with 64% for fiscal 2014. Operating loss totalled $6.1m, which included $7.8m in stock-based compensation costs and $4.8m in acquisition and reorganization costs associated with the Kantar US return path data buy. Fiscal 2015 net loss improved to $2.0m from $4.3m last year, and Adjusted EBITDA grew to $14.0m, compared with $4.9m for fiscal 2014.

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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