TV Everywhere Drives Continued Rentrak Rise

Multi-screen measurement specialist Rentrak has reported a 23% rise in fiscal 2016 first quarter revenue to $27.5m ($22.3m in the prior year period), driven by a 49% revenue increase in its TV Everywhere division.

TV Everywhere brought in $15.6m in the most recent quarter; up from $10.5m in Q1 of the last fiscal year. During the period, revenue rose 18% to $3.8m in the OnDemand Everywhere arm, and 3% to $7.6m in Movies Everywhere. Revenue in the firm's 'Other Services' division fell 62% to $0.5m.

Overall for the group, operating expenses for the first quarter of fiscal 2016 totaled $15.6m, versus $16.1m for the first quarter of fiscal 2015. Operating income was $2.0m, and operating loss was $1.4m, while income from continuing operations, net of income taxes, totaled $1.5m, versus a loss of $1.4m for the same period last year. Net income was $1.6m compared with a net loss of $966,000 for the first quarter of fiscal 2015, and adjusted EBITDA grew to $2.7m, up from $1.5m in the same period last year.

Vice Chairman and CEO <10118 >Bill Livek (pictured) comments: 'We are very pleased with our progress this quarter, and continue to believe that we are firmly on target to achieve our full year guidance given the health of our business in the media ecosystem'.

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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