Rentrak sees revenues grow for first quarter

The company saw consolidated revenues grow 24% to $28.8m for the first quarter of fiscal 2014 from $23.2m for the same period last year.

Rentrak’s Advanced Media and Information business saw a 25% growth, up $3.2m to $15.8m for Q1. Within the segment, TV Essentials had the highest growth, up 52% from $3.7m to 5.7m while OnDemand Everywhere grew 25% to $3.6m while Box Office Essentials was up 8% at $6.5m.

Meanwhile, its Home Entertainment business grew 23% to $13.1m from $10.6m for last year’s first fiscal quarter.

“All of Rentrak’s business units performed very well this quarter, as we generated the highest level of sales growth since our current management team has been in place, and the fifth consecutive quarter of year­over­year consolidated revenue growth,” said Bill Livek, Rentrak’s vice-chairman and chief executive officer.