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NEWS4 June 2014

Rentrak Q4 revenue rises 40%, with doubling of TV Everywhere sales

Financials North America

US — Media measurement firm Rentrak has reported a 40% increase in fiscal fourth-quarter revenue to $21.6m, thanks largely to a doubling of its TV Everywhere sales from $5.2m to $10m.

For the full fiscal year, ending 31 March, revenue grew by a third to hit $75.6m.

Results exclude the company’s Pay Per Transaction (PPT) business, which is now listed as discontinued operations while the firm looks for a buyer for this division.

Rentrak CEO Bill Livek (pictured) said: “We are on track to sell the PPT business, as we focus our efforts on expanding the value and utilisation of Rentrak’s measurement and information services.”

  • Alongside its results, the company announced that Sony Pictures Television had become the first major studio to subscribe to its TV ratings services, covering all 210 US TV markets.

@RESEARCH LIVE

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