TORONTO – Score Media today said EBITDA increased to $1.5 million in the first quarter of fiscal 2006, a 33% increase over the first quarter of 2005.
Net income for the three months ended November 30, 2005 was $1.1 million compared to $500,000 in the prior year. Revenue for the first quarter increased 23% to $7.4 million.
Score Media’s primary asset it analog sports specialty service The Score – although it is branching out into other platforms, as reported recently by www.cartt.ca.
"Following the exceptional year we had in 2005, we are poised to increase our reach and influence within the Canadian sports environment by attracting consumers through multiple touch points including The Score Television Network, Score Mobile and Hardcore Sports Radio,” said John Levy, chairman and CEO.
By the end of Q1 ’06, nearly 10,000 Canadian sports fans had subscribed or pre-registered for Score Mobile. Over the coming months, Score Mobile will expand to include an application for use on Blackberry devices, further increasing its reach to Canadian consumers.
In late October, Score Media announced a partnership with Standard Radio to launch Hardcore Sports Radio, Canada’s first all-sports satellite radio station, now available on Channel 186 on Sirius Satellite Radio.
"Our partnership with Standard provides The Score with an important foothold to serve the sports information needs of Canada’s burgeoning satellite radio market," says Levy. "Our Hardcore Sports Radio lineup complements the shows and on-air talent as The Score Television Network."
The Score Television Network (available in 5.6 million homes) also added a number of new programs and properties in the three-month period, reinforcing its status as "Home for the Hardcore" sports enthusiast. English Premier League soccer, Toronto Marlies hockey, Toronto Raptors basketball, NCAA football, and new poker programming have all been added to the lineup, and, along with the Score’s established programming, are reaching more Canadian sports fans than ever before.
