Rentrak (NASDAQ: RENT) reported Q1 EPS of $0.10, $0.09 better than the analyst estimate of $0.01. Revenue for the quarter came in at $27.5 million versus the consensus estimate of $30.06 million.

Business Outlook

Rentrak reiterated its fiscal 2016 guidance and selected longer-term metrics, including:

• Total company revenue growth of 36 percent to 39 percent.
• TV Everywhere™ revenue growth of 55 percent to 65 percent.
• Accelerating Movies Everywhere™ growth in the second half of fiscal 2016 related to anticipated contract renewal increases from large domestic studios. The product line will continue to be affected by foreign exchange movements.
• Adjusted EBITDA before acquisition and reorganization costs of $22.7 million to $25.9 million, or 16 percent to 18 percent of revenues.
• Longer-term adjusted EBITDA return on revenue target of 35%.
• Tax expense of approximately $4.0 million for the year, most of which is expected to be non-cash.
• Approximately 16.4 million fully diluted weighted average shares outstanding.
• Capital spending of approximately $13.0 million to $14.0 million.

For earnings history and earnings-related data on Rentrak (RENT) click here.