Rentrak 8-K Results of Operations and Financial Condition

Exhibit 99.1

FOR RELEASE AT 5:15 PM EST FEBRUARY 9, 2007

Contacts:

Paul Rosenbaum Investors

Rentrak Corporation PondelWilkinson Parham

Chairman & CEO Ron Parham

503-284-7581 503-297-0202

par@rentrak.com rparham@pondel.com

RENTRAK’S PREVIOUSLY ANNOUNCED THIRD QUARTER EARNINGS REDUCED BY $0.02 PER SHARE TO REFLECT

REVERSAL OF ONE-TIME, NON-CASH ADJUSTMENT

– No Impact on Previously Announced Revenues or Cash Flows –

PORTLAND, Ore. (February 9, 2007)—Rentrak Corp. (Nasdaq:RENT) today filed with the Securities and Exchange Commission an 8-K revising the company’s previously announced financial results for its third fiscal quarter ended December 31, 2006.

The company’s preliminary third quarter results, announced on February 6, 2007, included a non-cash adjustment that had a one-time effect of reducing selling and administrative expenses by $362,000 and increasing net income, net of tax, by $218,000, or $0.02 per diluted share, for the fiscal quarter.

To determine the appropriate accounting treatment of this non-cash adjustment in accordance with Generally Accepted Accounting Principles (GAAP), management proactively initiated extensive discussions with members of the company’s Audit Committee and representatives of the company’s independent registered public accounting firm, and received concurrence.

However, on February 8, 2007, the company’s independent registered public accounting firm, after additional analysis, reversed their position and recommended a different accounting treatment than originally agreed upon.

Accordingly, the company’s interim financial statements for the fiscal quarter ended December 31, 2006, filed today with the Securities and Exchange Commission under cover of Form 10-Q, reflect reversal of the one-time, non-cash adjustment, resulting in basic and diluted earnings per share of $0.08, rather than the $0.10 previously reported on February 6, 2007.

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Rentrak Chairman and Chief Executive Officer Paul Rosenbaum noted, “We take very seriously our responsibility to provide investors with timely and accurate financial results in accordance with GAAP. The reversal of this non-cash adjustment had no effect on previously reported revenues or cash flows and management does not believe that there will be any effect on future results of operations, nor any impact on the company’s business activities.”

The accompanying unaudited condensed consolidated balance sheet at December 31, 2006, and unaudited condensed consolidated income statements for the periods ended December 31, 2006 and 2005, reflect the effects of reversing the adjustment referenced above.

About Rentrak Corporation

Rentrak Corporation, based in Portland, Oregon, is an information management company serving clients in the media, entertainment, retail, advertising and manufacturing industries. The company’s Entertainment Essentials™ suite of services is redefining media measurement in the digital broadband era. Entertainment Essentials provides customers with near-real-time, actionable insight into performance of content distributed over a wide variety of modern media technologies. Available by license or subscription, each Entertainment Essentials application allows executives to analyze detailed industry-wide and title-specific data to make decisions that enhance the bottom line and provide competitive advantage. For further information, please visit Rentrak’s corporate Web site at http://www.rentrak.com.

Safe Harbor Statement

When used in this discussion, the words “anticipates,” “expects,'' “intends'' and similar expressions are intended to identify forward-looking statements. Such statements relate to, among other things, the revenues and results of operations for the company’s PPT® and information services segments and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could affect Rentrak's financial results include customer demand for movies in various media formats subject to company guarantees, the company’s ability to attract new revenue-sharing customers and retain existing customers, the company’s success in maintaining its relationships with studios and other product suppliers, the company’s ability to successfully develop and market new services to create new revenue streams, and Rentrak’s customers continuing to comply with the terms of their agreements. Additional factors that could affect Rentrak's financial results are described in Rentrak's March 31, 2006 annual report on Form 10-K and subsequent quarterly reports, filed with the Securities and Exchange Commission. Results of operations in any past period should not be considered indicative of the results to be expected for future periods.

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(Financial Tables Follow)

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Rentrak Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands, except per share amounts)

	December 31,			March 31,
	2006			2006 (1)
Assets	(Unaudited)
Current Assets:
Cash and cash equivalents	$	7,687		$	15,666
Marketable securities		22,102			14,832
Accounts receivable, net of allowances for doubtful accounts of $579 and $461		18,924			18,314
Note receivable		380			—
Advances to program suppliers, net of program supplier reserves of $51 and $32		339			225
Deferred income tax assets		107			110
Other current assets		665			607
Total Current Assets		50,204			49,754
Property and Equipment, net of accumulated depreciation of $5,864 and $5,876		5,200			3,623
Deferred Income Tax Assets		411			312
Other Assets		612			639
Total Assets	$	56,427		$	54,328
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable	$	12,812		$	15,493
Taxes payable		198			972
Accrued liabilities		780			532
Deferred rent, current portion		90			—
Accrued compensation		1,172			1,366
Deferred revenue		525			484
Total Current Liabilities		15,577			18,847
Deferred rent, long-term portion		807			—
Notes payable		914			—
Total Liabilities		17,298			18,847
Commitments and Contingencies		—			—
Stockholders’ Equity:
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued		—			—
Common stock, $0.001 par value; 30,000 shares authorized; shares issued and outstanding: 10,646 and 10,697		11			11
Capital in excess of par value		47,407			48,069
Accumulated other comprehensive income		103			181
Accumulated deficit		(8,392	)		(12,780	)
Total Stockholders’ Equity		39,129			35,481
Total Liabilities and Stockholders’ Equity	$	56,427		$	54,328

(1) Derived from our March 31, 2006 audited consolidated financial statements.

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Rentrak Corporation and Subsidiaries

Condensed Consolidated Income Statements

(Unaudited)

(In thousands, except per share amounts)

	For the Three Months Ended December 31,				For the Nine Months Ended December 31,
	2006		2005		2006		2005
Revenue	$	26,757	$	23,957	$	77,741	$	65,003
Operating expenses:
Cost of sales		19,394		17,014		53,541		45,364
Selling and administrative		6,268		5,454		18,057		15,787
		25,662		22,468		71,598		61,151
Income from operations		1,095		1,489		6,143		3,852
Other income (expense):
Interest income		420		283		1,115		693
Interest expense		(3)		—		(5)		(2)
		417		283		1,110		691
Income before income taxes		1,512		1,772		7,253		4,543
Provision for income taxes		643		646		2,865		1,657
Net income	$	869	$	1,126	$	4,388	$	2,886
Basic net income per share	$	0.08	$	0.11	$	0.41	$	0.27
Diluted net income per share	$	0.08	$	0.10	$	0.39	$	0.26
Shares used in per share calculations:
Basic		10,666		10,567		10,639		10,556
Diluted		11,249		11,054		11,179		11,071