NEWS10 August 2012

Rentrak hits milestone: AMI division overtakes home entertainment

Financials North America

US— Rentrak has reported a 31% rise in its Advanced Media and Information (AMI) revenue for the three months ended 30 June.

AMI is now the larger of Rentrak’s two business lines, with revenue of $12.6m compared to $10.6m in the Home Entertainment division. CEO Bill Livek (pictured) said Rentrak had reached “an important milestone”.

He said: “Revenue from our TV Essentials business more than doubled compared with last year. Our global box office business was up 19% and our video-on-demand business grew at a healthy 11% in the quarter.”

Gross margin increased to $11.5m, or 50% of consolidated revenue of $23.2m, but the company made an operating loss of $644,000 because of acquisition and reorganisation costs and stock-based compensation expenses worth a combined $1.2m.

Alongside the results, Rentrak announced that is has expanded its box office measurement service to six new countries – Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama – while extending its agreement with the Dish television network to use their set-top box viewing data in Rentrak’s TV audience information products.