TORONTO – Sports digital media company Score Media announced record quarterly revenue of $3.2 million in the second quarter of fiscal 2015, an increase of 68% compared to the same period last year.
Advertising revenue for Q2 F2015 (ended February 28) increased by 78%; average monthly active users of theScore’s mobile platforms reached 10 million, an increase of 100%; average monthly active users of theScore’s mobile apps reached 4.6 million in Q2 F2015, an increase of 15%; average monthly active users of theScore’s mobile web platform reached 5.4 million, an increase of 446%; average monthly sessions of theScore’s mobile apps reached 264 million, an increase of 70%, all compared to Q2 2014.
“Q2 saw us continue to strengthen the core foundations that power theScore’s mobile sports offerings – our established brand as a leader in mobile sports, our best-in-class product development team and our cutting edge mobile newsroom,” said John Levy, CEO.
“This was also an historic quarter for us with the expansion of our product offering. The acquisition of mobile-first daily fantasy sports game Swoopt gives us a foothold in a fast-growing space that enjoys a clear fit with our existing user base, while the launch of theScore eSports established us as the first major sports media company to treat competitive video gaming as a legitimate sport with a standalone app.”
Adjusted EBITDA loss for the three month period was $1.9 million compared to $700,000 in the same period in the prior year, an increase of $1.2 million. Adjusted EBITDA loss for the six month period was $3.4 million compared to $3 million in the same period in the prior year.
Excluding the impact of one time reductions of personnel costs of $1.7 million in the prior year related to tax credits, adjusted EBITDA loss decreased by $0.5 million and $1.3 million respectively for the three and six month periods ending February 28, 2015, when compared to the prior year, added the company’s press release.
