Mixed Quarter for Rentrak

Multi-screen measurement firm Rentrak has reported a 3% rise in fiscal 2011 third quarter revenues to $23.7m, the net result of rapid growth in its AMI (Advanced Media and Information) division, combined with a decline in its Home Entertainment division.

AMI revenue increased by 98% to $8.5m during the period, but $2.9m of this was associated with Rentrak's acquisition of Nielsen's box office arm EDI in the fiscal 2011 third quarter: excluding this, AMI division revenues grew 31%.

The segment now represents 36% of Rentrak's consolidated revenues; up from 19% for the third quarter of fiscal 2010, with gross margin of 64%, compared with 48% in last year's third quarter.

During the period, the firm's Box Office Essentials grew 188% to $4.5m, its TV Essentials service climbed 127% to $1.7m, and sales of its OnDemand Essentials rose 25% to $2m.

Home Entertainment revenues fell 19% from the year-ago period to $15.2m on the back of a 'weaker rental market' during the quarter.

In Q3, Rentrak acquired French theatrical box office receipt measurement firm Cine Chiffres and Media Salvation, a provider of sales and financial reporting systems and services for studio and independent film companies.

Rentrak CEO Bill Livek comments: 'Over the last several months we have made significant progress across all of our product lines. 'I am very proud of our accomplishments this quarter and look forward to continued progress as we expand Rentrak's business as a leading provider of consumer entertainment behavioral databases across all of the digital media screens.'

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.

• Rentrak
• All news
• MrWeb info