TORONTO – Growth in on-line, wireless, radio and plain old TV helped drive Score Media to revenue growth in its third quarter, ended May 31.
Revenue in the quarter compared to the same period last year increased 9.3% to $8 million. Revenue for the nine months ended May 31, jumped 16.8 % to $22.1 million. EBITDA for the three months ended May 31, 2006 was $2 million compared to $2.3 million in the same period last year. In the prior year the company had generated a gain on sale of an investment of $300,000. The results for these three months also included increased costs associated with The Score’s coverage of NHL hockey and rights fees which were not incurred in the prior year on account of the NHL’s labour dispute.
The company’s quarterly release also recounted the company’s recent forays into wireless distribution, satellite radio and online poker. The company recently re-launched its play-for-free poker site using software from Tribeca Tables to provide a new cutting-edge look, feel and playability.
Advertising and subscription revenue on its main earner, The Score, also rose by $400,000 and $100,000, respectively, in the quarter.
"Score Media’s double-digit year-over-year revenue growth in the past nine months is a testament to our focus and determination to provide the best sports content experience to our fans, partners and advertisers," said John Levy, Chairman and CEO, Score Media, in a release. "Through our multiple touch-points, we are unlocking new opportunities every day to create fan engagement and opportunities for advertisers and this will continue to be a revenue driver for Score Media in the future."
