Technology

Gemstar-TV Guide Posts Strong 2Q Earnings

7/27/2007 1:20 AM Eastern

Driven by growth in its media networks and publishing units, Gemstar-TV Guide International posted $24.7 million in second-quarter operating income on $155.6 million in revenue.

Gemstar said Friday that operating income jumped 63% compared with the second quarter of 2006 and revenue rose 16% compared to this time last year.

Revenue from guidance technology and solutions increased 40% to $70.7 million during the quarter, driven by growth in interactive-program-guide licensing, Gemstar said.

The company added that revenue at its media-networks division -- which includes TV Guide Network and interactive horse-racing channel TVG Network -- rose 3$ to $49.9 million.

TV Guide magazine posted $35 million in revenue during the second quarter, up 2% from the same period in 2006. Gemstar attributed the growth to a 16% growth in advertising revenues, fueled by a 25% jump in the number of ad pages in TV Guide.

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