Mobile-first sports company The Score reports surging revenue
Average monthly active users of theScore’s mobile platforms reached 4.8 million in Q1
TORONTO, Ontario – January 16, 2014 — theScore, Inc. (“theScore”) today announced the financial results for the three months ended November 30, 2013 in accordance with International Financial Reporting Standards (“IFRS”).
- Average monthly user sessions of theScore’s mobile platforms reached more than 191 million in Q1 F2014, an increase of 142% compared to the same period in F2013.
- Released a fully optimized iOS 7 experience for theScore for iPhone and iPad, delivering even faster news, scores and stats along with a stylish new design.
- theScore for Android was updated with Breaking News Alerts, Top News and a revamped news offering, as well as delivering full tablet support.
“We’re off to a great start in 2014, with record quarterly revenue and a record number of sports fans using theScore to follow the leagues, teams and players they care about,” said John Levy, Chairman and CEO. “Our unflinching mobile-first approach, comprehensive coverage and deep personalization features has made theScore a regular part of sports fans’ daily lives, as our strong year-over-year growth in user sessions shows.”
FISCAL 2014 Q1 FINANCIAL RESULTS
theScore achieved record quarterly revenue of $2.1 million for the three months ended November 30, 2013, compared to $1.5 million for the same period in F2013, an increase of 41%.
EBITDA loss for the three months ended November 30, 2013 was $2.3 million compared to a loss of $2.1 million in the same period the previous year. The increase in expenses was due to increased marketing and promotional efforts during the period, and increased corporate and personnel costs, offset by lower technology costs as a result of efficiencies in relation to hosting and content management systems.