NEWS7 November 2012

AMI division drives Rentrak revenue growth

Financials North America

US— Rentrak has posted a 3% increase in revenue to $22.5m for the second quarter of fiscal 2013, driven by 35% growth in the Advanced Media and Information (AMI) business which houses the firm’s TV audience measurement services.

The AMI arm, home to the TV Essentials, Box Office Essentials and OnDemand Everywhere tools, saw revenue rise by 35% from $9.8m to $13.2m. However, the firm’s home entertanment division posted a “better than expected” 23% decrease in revenue from $12.1m to $9.3m.

Groupwide, total revenue was up 3% to $22.5m from $21.8m in the same period last year. Operating loss for the quarter was $18.4m, which included $16.5m in costs associated with the data sharing agreement with the Dish television network.

Bill Livek (pictured), Rentrak’s vice chair and CEO, said:  “Nearly all of our businesses performed better than expected during the quarter, highlighted by national & local TV market revenue growth of 110% year-over-year. Our OnDemand Everywhere business increased in the high 20% range, while year-to-date our global box office business has risen 15%. In home entertainment, a business that generates very healthy cashflow, our rate of decline was less than anticipated despite the significant headwinds caused by a shortage of theatrical releases from the movie studios created by consumers’ focus on viewing the summer Olympics.”