Rentrak on track for 2015 as revenues grow

Q4 revenues came to $28.5m compared with $24.6m for the same period last year with its advanced media and information (AMI) business growing 25% and its home entertainment business rising 8%.

AMI revenues increased to $14.6m for the fiscal 2013 Q4 from $11.6 in Q4 2012 representing 51% of Rentrak’s revenue.

Rentrak’s full year revenues grew 9% on 2012 at $99.2m compared with $91.1m with total AMI up 31% at $54.1m.

The company said it was expecting an 80% annual growth in its TV business in fiscal 2014. With several TV segments growing at more than 100%, it expected gross margins to be in the 50% range annually.

Rentrak vice-chairman and CEO Bill Livek said: “The plans and investments we’ve made over the last four years are paying off for our shareholders and customers. We anticipate strong revenue growth and near breakeven bottom line in fiscal 2014 and believe we are on track for solid profitability for fiscal 2015.”