Revenue falls in Rentrak's fiscal Q3
By Marcy Magiera -- Video Business, 2/6/2008
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FEB. 6 | Rentrak Corp.’s revenue fell 10.5% to $23.9 million in the fiscal third quarter ended Dec. 31, despite gains in its Advanced Media Information division.
The company’s overall net income fell 49%, to $547,000.
Revenue rose 38.4% over the same period a year earlier to reach $2.7 million for the AMI media measurement division, which includes the Retail Essentials and Home Video Essentials point-of-sale tracking services, on which VB’s Top DVD Renters and Top DVD Sellers charts are based.
Rentrak also announced that it has signed a multi-year contract to provide expanded video-on-demand measurement services to Time Warner Cable, the nation's second-largest cable operator.
The company’s pay-per-transaction revenue-sharing distribution business fell 14.2% to $21.2 million in revenue for the quarter. The year-over-year decline primarily reflects lower volumes of units shipped and fewer rental transactions during the quarter, Rentrak said.
“The media measurement landscape continues to evolve in a direction that validates our vision of capturing and reporting census-level viewership data across multiple platforms,” Rentrak chairman and CEO Paul Rosenbaum said. “We continue to believe that Rentrak offers the industry a unique solution providing a timely, consistent, holistic analysis of viewer behavior.”