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Score Media Reports Growth in Revenue, EBITDA and Net Income in Q2
Score Media Reports Growth in Revenue, EBITDA and Net Income in Q2
TORONTO, April 14th, 2011 – Score Media Inc. (TSX: SCR) today announced its financial results for the second quarter ended February 28, 2011:
- Revenue for the quarter ended February 28, 2011 increased by $1.1 million or 11% to $11.1 million compared to $10.0 million in the quarter ended February 28, 2010
- EBITDA for the quarter ended February 28, 2011 increased by $0.1 million to $1.1 million compared to $1.0 million in the quarter ended February 28, 2010
- Net income for the quarter ended February 28, 2011 was $0.2 million compared to a net loss of $0.2 million in the quarter ended February 28, 2010
“Our results from this past quarter demonstrated continued growth across the company,” says John Levy, Chairman & CEO, Score Media Inc. “Our fan base increased and our team is working hard behind the scenes preparing for some exciting new launches across all of our platforms in the coming months.”
- On January 27th, 2011, the Company announced that its leading app, ScoreMobile, was made available on the Windows® Phone platform, becoming the first comprehensive multi-sport app to launch for Windows Phone 7
- A leading sports app not just in North America but around the world, ScoreMobile is the #1 sports app in BlackBerry App World and Windows Marketplace and is also a top 10 app in Android Market and iTunes
- In Q2, Score Media’s digital properties generated record traffic. Specifically, in January 2011:
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- ScoreMobile, ScoreMobile FC and theScore iPad Edition had 2.4 million unique visitors, our best month to date
- theScore.com had 1.4 million monthly unique visitors, up 124% over January 2010
- Our digital group displayed nearly 100 million pages of content, up over 100% from January 2010
- On Feb 25 theScore® teamed up with Yahoo! Sports on its NHL® Trade Deadline Day coverage; from Puck Daddy’s in-depth analysis throughout the day on theScore Satellite Radio™ SIRIUS Channel 98 and streamed online on theScore.com and Yahoo! Sports along with regular TV updates from Sid Seixeiro and in-depth analysis by 24hrs in 30mins personalities Tim Micallef and Cam Stewart, theScore along with special contributions from Yahoo! Sports analysts was the ultimate source for everything fans needed on trade deadline day
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About Score Media Inc.
Score Media is a media company committed to delivering interactive and authentic sports entertainment. Created in 1997 in response to the growing desire for increased participation in the consumption of sports, the Company has now established itself as the home for hardcore sports fans. Score Media’s primary asset, theScore Television Network (“theScore”), is a national specialty television service providing sports news, information, highlights and live event programming in more than 6.8 million homes across Canada. The Company’s digital media assets include theScore.com, theScore iPad Edition and the mobile sports applications ScoreMobile and ScoreMobile FC which are available on BlackBerry, iPhone, Android, and Windows Phone 7 devices. Score Media also operates theScore Satellite Radio which is available across North America on SIRIUS Satellite Radio Channel 98. Growing from a team of 60 in 1997 to over 270 employees in 2011, Score Media is a revolutionizing interactive media company.
Forward-looking (safe harbour) statement
Statements made in this news release that relate to future plans, events or performances are forward-looking statements. Any statement containing words such as “believes”, “plans”, “expects” or “intends” and other statements which are not historical facts contained in this release are forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
