Rentrak Reports 'Strongest Growth in Six Years'

US multi-screen measurement firm Rentrak has reported its strongest quarterly revenue growth in six years - up 16% to $28.5m for Q4 fiscal 2013 from $24.6m in the prior year period - again driven by its AMI business. For the full year, revenue increased 9% to $99.2m.

During the fourth quarter, the AMI (Advanced Media and Information) division - which comprises Box Office Essentials, OnDemand Everywhere, and TV Essentials - grew 25% to $14.6m (Q4 2012: $11.6m), and represented 51% of Rentrak's revenue compared with 47% in the same period last year. Revenue in its Home Entertainment business was up 8% to $14.0m from $13.0m in last year's fiscal fourth quarter.

Operating expenses for the quarter totaled $13.6m, down from $16.5m for Q4 of fiscal 2012, reflecting a $3.1m decrease in stock-based compensation costs related to the company's agreement with DISH Network. Operating loss for the period was $1.4m, compared with an operating loss of $4.8m in last year's fourth fiscal quarter, and net loss totaled $2.0m versus a net loss of $4.6m in the same period last year.

For the full fiscal year 2013, revenue grew to $99.2m from $91.1m for the previous year. AMI revenue rose 31% to $54.1m, and Home Entertainment revenue fell to $45.1m from $49.7m in fiscal 2012. On the back of 'significant investments' in Rentrak's AMI business and its relationship with DISH, operating loss was $22.2m versus $5.9m for fiscal 2012, and net loss was $22.6m compared with $6.4m for fiscal 2012.

For fiscal 2014, Rentrak is predicting 80% annual growth in the TV business, with several TV segments growing more than 100%. The firm says it expects 12% growth for the Box Office business, 20% for OnDemand Everywhere, and 5% for Home Entertainment.

Vice Chairman and CEO Bill Livek (pictured) comments: 'The fourth quarter capped a fantastic year at Rentrak, as we generated our highest level of quarterly revenue growth in six years. The plans and investments we've made over the last four years are paying off for our shareholders and customers. We anticipate strong revenue growth and a near breakeven bottom line in fiscal 2014, and believe we are on track for solid profitability for fiscal 2015.'

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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