TORONTO – Fiscal 2010 EBITDA increased by 100% to $7.6 million thanks to strong revenue growth across all platforms, reported Score Media late Wednesday.
Revenue for the year ended August 31st increased by 12.6%, to $43.8 million compared to fiscal ’09. Revenue increased across the company’s TV and digital media platforms, says the press release. The EBITDA increase was mostly due to the increases in TV and digital media revenues.
Net income for the year ended August 31, 2010 was $2.5 million, compared to a net loss of $1.4 million in the previous year, due primarily to the above noted increases in revenues.
Fourth quarter revenue increased by 18%, to $10.5 million compared to F09. Fourth quarter EBITDA was $1.4 million, compared to $0.7 million in the prior year.
“Fiscal 2010 was a breakthrough year for Score Media,” said John Levy, chairman and CEO, in the press release. “We achieved tremendous growth with TV and mobile experiencing exceptional revenue increases. We look forward to continuing to make our mark during the next year and beyond.”
