Score Media’s Q2 EBITDA jumps to $1 million; revenue gains 15 per cent

TORONTO _ Score Media Inc. (TSX:SCR) says a measure of its broad earnings increased by 400 per cent in its fiscal second quarter due to growth across all areas of the sports media company’s business.

In the quarter ended Feb. 28, Score’s earnings before interest, taxes, depreciation and amortization, or EBITDA, increased to $1 million from $200,000 a year earlier.
Score reported a net loss of $239,000 or zero cents per share for the quarter, compared with a net loss of $1 million or a penny per share a year ago.
Its revenue for the quarter gained 15 per cent to $10 million from $8.7 million in the second quarter of fiscal 2009.

“We are proud to say that Q2 growth picked up right where Q1 left off with strong growth across all of our platforms and improvements in EBITDA in all areas of the business,” stated Score chairman and CEO John Levy.
Score Media’s main business is The Score Television Network, but it also operates satellite radio network Hardcore Sports Radio and interactive assets including TheScore.com and Score Mobile.

Shares in the company, which reported its results after markets closed Tuesday, lost four cents or more than five per cent to 71 cents in trading on the Toronto Stock Exchange.

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