An expanded user base across its mobile platforms, combined with increased advertising activity, has led to a significant increase in second quarter revenues for theScore.
The Toronto-based digital media company garnered revenues of $1.9 million for the three months ended Feb. 28, up from $1.1 million in the corresponding year-earlier period. Six-month revenues were $4 million, up from $2.6 million in the previous year.
The company also reported triple-digit jumps in its mobile advertising revenues for both the three- and six-month periods.
EBITDA loss for the three-month period was $0.7 million, compared to $2.6 million in the previous year. EBITDA loss for the six-month period was $3 million, compared to $4.7 million for the corresponding year-earlier period.
TheScore attributed the reduction in loss to increased revenue and the Ontario Interactive Digital Media Tax Credit recognized in the period.
The company continues to see increased consumer uptake of its digital products, with average monthly users of its mobile platforms reaching 5 million in the second quarter, a 43% increase over the corresponding year-earlier period.
Average monthly user sessions of its platforms were up 84% to more than 155 million.
The company also launched its newest product – Feed, an iOS-based tool that allows users to create their own continuously updated stream of sports content, combining information on teams, leagues and players the user is follow.
Its Android app has also been updated with full player alerts for all four North American pro leagues and deeper soccer coverage, while the company also delivered mobile coverage of the recent Sochi Olympics.
