TORONTO – Despite a 60% lift in revenues in its third quarter, Score Media saw its adjusted EBITDA loss increase $1.1 million year-over-year.
The sports digital media company said that advertising revenue for the period ended May 31, 2015 increased by 73%, while average monthly active users of theScore’s mobile platforms reached 10.5 million, comprised of 4.4 million mobile app users and 6.1 million mobile web users, an increase of 91% compared to the same period in F2014.
Average monthly active users of theScore’s iOS and Android mobile apps increased by 18%; average monthly active users of theScore’s mobile web platform increased 310%; and average monthly sessions of theScore’s iOS and Android mobile apps grew 79% to reach 285 million in Q3 F2015, all compared to Q3 2014.
“User engagement of our mobile apps continues to soar, with our session numbers proving that theScore is very much a part of sports fans’ daily lives”, said founder and CEO John Levy, in the news release. “Q3 also saw the continued roll-out of our eSports offering, reinforcing our reputation as the go-to mobile destination for eSports coverage.
We’re now looking ahead to the upcoming re-launch of Swoopt, the mobile-first daily fantasy sports game we acquired in Q2. Our product development team has been working extremely hard on delivering improvements and enhancements to gameplay that we’re excited to introduce to our existing user base as well as fans of fantasy sports everywhere.”
Revenue for the period was $3.2 million, up 60% compared to $2.0 million in the same period in the previous year, while adjusted EBITDA loss for the three month period was $3.2 million compared to $2.1 million year-over-year.
