AMI Arm Drives Rentrak Revenue Increase

In the US, multi-screen media measurement specialist Rentrak has reported a 13% increase in revenues to $24m for the fiscal 2011 second quarter, which it says mainly reflects 'strong growth' in its Advanced Media Information (AMI) division.

Revenues in the division grew 65% to $8.3m during the three months ending 30 September. Excluding $2.7m in revenues associated with the firm's acquisition of Nielsen EDI and $1.1m associated with a long-term development contract, the division's revenue would still have grown 41%.

As a result of the EDI acquisition, revenues for Rentrak's Box Office Essentials business rose 192% to $4.4m. During the period, TV Essentials revenue increased 159% - excluding the $1.1m long-term development contract - to $1.5m, while OnDemand Essentials revenues were up 36% to $2.0m over the second quarter of fiscal 2010.

In the Home Entertainment division, revenues fell to $15.9m, versus $16.3m for the same period in 2010. Overall for the group, operating income and profits were down to $241k and $408k respectively.

'This quarter we continued to make progress with our multi-screen database currency,' states CEO Bill Livek.'In addition to identifying new opportunities to bring our services to a greater number of customers in the US, we are also actively building our international platform to bring our unique set of measurement capabilities to international markets.'

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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