Rentrak's Fiscal Q2 Revenue Climbs 31%

Rentrak has reported a 31% second fiscal quarter 2014 revenue rise to $29.5m, with 29% growth in the firm's Advanced Media and Information (AMI) business and the Home Entertainment division for once outperforming it with 35% growth.

During the period, AIM revenue increased to $17.0m, up from $13.2m for fiscal Q2 2013 - its share of total revenue declining slightly from 59 to 58%. Revenue in the company's OnDemand business was impacted by a delay in the launch of the Digital Download Essentials industry service for TV, which the company says is now on track for launch before the end of calendar year 2013. Home Entertainment revenue climbed back to $12.5m from $9.3m a year ago.

Group operating expenses for the quarter fell to $14.7m, from $29.1m a year before, when they had included $16.5m from the amendment of a stock-based compensation agreement with DISH Network. Costs associated with the expansion of the AMI business grew slightly, and included $1.0 million in costs related to the company's August 2013 acquisition of iTVX.

During the period, operating loss amounted to $1.1m, which included $2.1m in stock-based compensation costs and $106k in acquisition-related costs. For last year's second fiscal quarter, operating loss was $18.4m. For the most recent period, net loss totaled $633k, compared with a net loss of $18.2m for the same period last year, and adjusted EBITDA grew to $2.7m, up from $829k last year.

Bill Livek (pictured), Vice Chairman and CEO comments: 'Rentrak has built the only census currencies for measuring the movies and TV everywhere, and we believe we are in the early stage of very substantial revenue growth.'

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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