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Rentrak – RENT – TV Essentials™ business grew 90 percent this quarter

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Rentrak Corporation (NASDAQ: RENT), a leader in multi-screen media measurement serving the advertising, television and entertainment industries, today announced financial results for its fiscal fourth quarter and full year ended March 31, 2012.

RENT – Fiscal 2012 Fourth Quarter Financial Results

Consolidated revenue for the fourth quarter of fiscal 2012 was $24.6 million, compared with $24.7 million last year, reflecting a 26 percent improvement in the company’s Advanced Media and Information (AMI) business, offset by a 16 percent decline in the company’s Home Entertainment business.


Revenue in the company’s AMI division rose to $11.6 million for the 2012 fiscal fourth quarter, up from $9.2 million a year ago, and represents 47 percent of Rentrak’s consolidated revenue, up from 37 percent last year.  Revenue in the company’s Home Entertainment business was $13.0 million, compared with $15.4 million for last year’s fiscal fourth quarter.  The decline primarily reflects lower sales levels at Rentrak’s retail store customers related to increased competition from alternative distribution channels, as well as fewer retailer customers and Warner Brothers’ decision to release its video content in the retail channel before offering it to the rental market.

“Our TV Essentials™ business grew 90 percent this quarter, capping improvements in each quarter during the fiscal year+ as we added several new important national network, local TV station, advertising agency and advertiser clients.  The future of our television measurement business is very bright, highlighted by 125 percent growth in our revenue run rate*, to date, versus last year’s fourth quarter,” said Bill Livek, Rentrak’s Chief Executive Officer.  “We are successfully delivering on our promise to grow our information businesses, and have significantly changed Rentrak’s financial profile by strategically deploying the cash generated from our Home Entertainment business to develop, enhance and deliver our AMI services to the marketplace.  We believe that our ability to provide industry participants with a stable database currency for measuring the effectiveness of their operations, positions Rentrak as a key service for any entertainment, television or advertising company seeking a better way to manage and profitably grow its business in today’s highly fragmented media world.”

About Rentrak Corporation – RENT

Rentrak (RENT) is a global digital media measurement and research company, serving the most recognizable companies in the entertainment industry. With a reach across numerous platforms including box office, multi-screen television, and home video, Rentrak has developed more efficient metrics to be used as database currencies for the evaluation and selling of media. RENT is headquartered in Portland, Oregon, with additional U.S. and international offices.








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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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