• by Wayne Friedman , November 8, 2013

Media measurement company Rentrak posted a 30% rise in revenues for its fiscal second quarter that resulted from its home entertainment and TV products, while narrowing its net losses to just over half a million dollars.

Rentrak’s fastest-growing busines -- its TV Essentials viewing data -- rose 74% in the period to $7.2 million in revenue; Box Office Essentials revenue data climbed 11% to $6.3 million; and its new OnDemand Everywhere research rose 2% to $3.4 million.

Rentrak’s biggest revenue earner -- Home Entertainment -- added on 35% to $12.5 million.

Company-wide revenues climbed 31% to $29.5 million with its net loss of $633,000. In its previous fiscal second quarter, it pulled in $22.5 million in revenue against losses of $18.2 million. A year ago, those losses included $18.0 million of stock-based compensation costs, including the $16.5 million of Dish-related stock-based expense noted above.

Rentrak’s cash flow -- earnings before interest, taxes, depreciation and amortization -- posted a positive result, with $2.6 million in the current period. This was versus a negative cash flow of $15.7 million for its second-quarter 2012.

Rentrak expects 80% annual revenue growth in its TV Essentials business for the next several years; 12% revenue growth for the company's Box Office Essentials and 20% annual revenue growth in its OnDemand Everywhere. The Home Entertainment unit forecasts 7% to 10% growth for fiscal 2014.

Bill Livek, vice chairman/chief executive officer of Rentrak, stated: "Rentrak has built the only census currencies for measuring the movies and TV Everywhere, and we believe we are in the early stage of very substantial revenue growth. "