Rentrak Ups Q2 Home Entertainment Revenue 35%7 Nov, 2013 By: Erik Gruenwedel
Rentrak’s veteran revenue-sharing packaged-media rental business again bucked odds, upping second-quarter (ended Sept. 28) revenue 35% to $12.5 million from $9.3 million during the previous-year period.
Rentrak upped pay-per-transaction (PPT) business revenue 23% during the first quarter. The Portland, Ore.-based media measurement company distributes select studio titles to independent video stores on a revenue-sharing basis — a strategy that enables video stores to increase quantity of discs without paying up front.
Meanwhile, Rentrak continues to focus on its digital media measurement businesses, which resulted in the PPT segment generating 28% margins compared to 32% margins last year.
Total revenue, which included data tracking units “TV Essentials,” “On Demand Essentials,” and “Box Office Essentials,” totaled $29.5 million, compared to $22.5 million last year. The quarterly net loss totaled $633,000, compared with a net loss of $18.2 million last year.