News

Rentrak on Track

6/28/2010 12:01 AM Eastern

RENTRAK SEES SERIOUS GROWTH AHEAD.

Its Advanced Media Information
division, which contains the company’s
video-on-demand and ratingsmeasurement
businesses, more than
doubled in the fiscal fourth quarter
ended March 31, to $6.9 million, Rentrak
said during its annual investor day, on
June 22. Annual revenue for the unit
— $19.8 million in fiscal 2010 — has
risen at 34% per year.

Here’s another impressive number:
Rentrak’s stock price. The issue, which
is relatively lightly traded, has shown
big gains over the past year. Closing
at $25.43 on June 23, Rentrak is up
43% ($7.62) since January and up 67%
($10.19) in the past 12 months. That
could explain why 20- or 30-odd fund
managers at the meeting were smiling.