TORONTO – Revenue at Score Media for the fiscal year ended August 31, 2007 increased by $4.4 million to $33.5 million, the company announced today, an increase of 15.1% over the end of fiscal 2006.
EBITDA for the year ended August 31, 2007 increased to $5.9 million compared $5.3 million in the prior year, an increase of 11.3%. Net income for the year ended August 31, 2007 was $2.8 million, or $0.03 per share compared to $13.0 million or $0.14 per share in the prior year. For the year ended August 31, 2007, net income was net of income tax expense of $0.9 million compared to income tax recovery of $9.1 million in the prior year, says the release.
Fourth quarter revenues increased to $7.2 million compared to $6.9 million in the prior year, an increase of 4.4%.
During fiscal 2007, Score Media launched its cross-platform coverage of two major sports properties – NCAA Men’s Basketball Championship Tournament and Barclays Premier League football – each featuring extensive coverage on television, online and on mobile. These properties and other core programming, including World Wrestling Entertainment’s Raw and a full schedule of NBA and NCAA football games, contributed to another year of record audiences for The Score Television Network.
"2007 was another successful year for Score Media, where we achieved continued growth in revenue and operating income in a rapidly changing media environment," said John Levy, chairman and CEO, in the press release. "During the past year we launched several key components of our sports media platform, including a new web site, two mobile applications and a mobile video service. Fully-integrated with the core of our business, these assets will enable Score Media to realize the strong growth potential of our brand and our relationship with hardcore sports fans."
