Gemstar Posts Revenue Growth2/28/2007 9:09 AM Eastern
With sales of its interactive program guide increasing, Gemstar-TV Guide International said it generated $80.7 million in revenue from its cable and satellite division during the fourth quarter.
The increase, a 16% jump from the same period last year, was due to revenue increases of 28% at TV Guide Interactive and 18% at horse-racing channel TVG Network, Gemstar said. Its TV Guide Channel posted a 4% increase in revenue, the company added.
For 2006, Gemstar said it posted net income of $72.5 million (17 cents per share) on consolidated revenue of $571.3 million.