theScore has announced its financial numbers for the third quarter of fiscal 2021, which show record results for the company.
The brand set a third-quarter record for media revenue, which increased 5% compared to 2019, to a total of $8.9 million.
The operator also hit an all-time milestone on its sports media app, with a third-quarter record of 470.2 million user sessions; an increase of 19% compared to 2019.
Users opened the app an average of 126.1 times each month, which is a historic record for average monthly sessions per user.
Total revenue for the quarter was $6.4 million, with an EBITDA loss of $21.1 million compared to an EBITDA of $8.7 million in the prior year.
The reason for the loss
theScore says the loss was due to “the continued expansion of the company’s gaming operations, as well as professional services costs and fees related to the recently completed US initial public offering.”
John Levy, President and CEO of TheScore, said:
“theScore demonstrated continued momentum in our business in the third quarter of fiscal 2021 as solid gaming movement was complemented by record third quarter media revenue.
Following our successful initial US third-quarter public offering, our entire team remains focused on establishing theScore as a leading, integrated provider of digital sports media and sports betting across the US and Canada.”
About theScore
theScore empowers millions of sports fans through its digital media and sports betting products. Its ‘theScore’ media app is one of the most popular in North America, providing fans with highly personalized live scores, news, statistics and betting information from their favorite teams, leagues and players.