Rentrak Narrows Q3 Loss8 Feb, 2011 By: Erik Gruenwedel
Rentrak Corp. Feb. 8 reported a third-quarter (ended Dec. 31) net loss of $473,000 compared with a net loss of $579,000 during the previous-year period.
The Portland, Ore.-based media-measurement company said the narrowed loss was due primarily to one-time costs associated with the Nielsen EDI acquisition and stock-based compensation expenses. Without them, Rentrak would have posted net income of $700,000.
Rentrak reported a 19% year-over-year decline to $15.2 million (from $18.8 million) in its primary home video revenue-sharing business, offset in part by a 98% increase to $8.5 million (from $4.3 million) in its data measurement business.
The unit now tracks television, video-on-demand and box office data for third-party clients.
Overall revenue topped $23.7 million, up nearly 3% from $23.1 million last year.