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Gemstar Posts Revenue Growth

2/28/2007 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.

 

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