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NEWS6 February 2015

Rentrak’s TV Everywhere business up 76% in Q3

Financials News North America

US — Media measurement company Rentrak has reported revenues up 76% for its TV Everywhere business for the third quarter of fiscal year 2015 to $14.8m compared with $8.4m for the same period last year.

Overall, its total revenue was up 38% to $26.9m (compared with $19.5m for 3Q fiscal year 2014 ).

Operating expenses for this quarter were $19.7m, versus $14.5 million for the third quarter of fiscal 2014, with the increase primarily related to costs associated with the acquisition of Kantar’s US return path data business, higher head count and stock-based compensation expenses.

Bill Livek, Rentrak’s vice-chairman and CEO said: “We are focused on several strategic areas, including multi-screen measurement, targeted advertising, innovative product development, and integration of our ratings and advanced demographics into ad buying systems.”

The company has also completed the sale of its Pay-Per-Transaction (PPT) video retail business to Vobile.

@RESEARCH LIVE

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