NEWS4 June 2014
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NEWS4 June 2014
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.”
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