Daily Research News Online no. 20405 - Rentrak Reports Q3 Revenues Up 38%

Rentrak Reports Q3 Revenues Up 38%

February 6 2015

Film and television measurement specialist Rentrak has reported a 38% increase in revenue to $26.9m for the third quarter of fiscal year 2015 (ending December 31st, 2014), up from $19.5m in the same period of the previous year. TV Everywhere once again led the way with a 76% rise.

Bill Livek In line with recent quarters, the TV Everywhere business saw revenue jump - this time to $14.8m, up from $8.4m in the prior year period. Movies Everywhere revenues rose 10% to $7.4m, and OnDemand Everywhere 20% to $3.7m.

Group operating expenses were $19.7m, up from $14.5m in fiscal Q3 2014, mainly as a result of costs associated with the firm's acquisition of Kantar's US return path data business, higher headcount, and stock-based compensation expenses. Operating loss for the third quarter of fiscal 2015 was $2.4m, which included $2.1m in stock-based compensation costs, $900k in costs related to the company's acquisition of iTVX in 2013 and $974k in other acquisition and reorganization costs.

Net loss, including discontinued operations, was $2.3m for the third quarter of fiscal 2015, compared with a net loss of $343k in the prior year period, and Adjusted EBITDA more than doubled to $3.6m from $1.4m for the same period last year.

CEO Bill Livek (pictured) comments: 'We are focused on several strategic areas, including multiscreen measurement, targeted advertising, innovative product development, and integration of our ratings and advanced demographics into ad buying systems. Additionally, the many revenue generating opportunities that exist by partnering with industry-leading businesses to provide clients with a better way to buy and sell advertising, and target the right ads, to the right consumers, at the right time, give us a high level of confidence in our ability to drive meaningful growth for years to come.'

Web site: www.rentrak.com .