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TORONTO, November 16 2015 – theScore, Inc. (TSX Venture: SCR) (“theScore”), a leader in creating mobile sports experiences, plans to release its Q4 F2015 and year-end financial results on Tuesday, November 17 at 7:00am EST.

theScore will also be hosting a conference call where Founder & Chief Executive Officer John Levy, President & Chief Operating Officer Benjie Levy and Chief Financial Officer Tom Hearne will review the Company’s Fiscal 2015 Q4 and year-end results followed by a question and answer session.

The conference call is scheduled to begin at 8:30am EST on Tuesday, November 17. To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In Numbers
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 296570 #

The conference call will also be webcast live here.

For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to what they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and daily fantasy sports contests via its mobile sports platforms theScore, theScore eSports and Swoopt.

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

theScore Featured Image

– Mobile sports company releases fiscal 2015 third quarter results

TORONTO, July 16 2015 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2015 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2015 Q3 USER METRICS AND REVENUE HIGHLIGHTS 

  • Average monthly active users of theScore’s mobile platforms reached a record 10.5 million in Q3 F2015, comprised of 4.4 million mobile app users and 6.1 million mobile web users, an increase of 91% compared to the same period in F2014.
    • Average monthly active users of theScore’s iOS and Android mobile apps increased by 18% compared to the same period in F2014.
    • Average monthly active users of theScore’s mobile web platform increased 310% compared to the same period in F2014.
  • Average monthly sessions of theScore’s iOS and Android mobile apps reached 285 million in Q3 F2015, an increase of 79% compared to the same period in F2014.
  • Achieved revenue of $3.2 million in Q3 F2015, an increase of 60% compared to the same period in F2014.
    • Advertising revenue for Q3 F2015 increased by 73% compared to the same period in F2014.

“Q3 broke new records and we’ve already surpassed the total revenue achieved in F2014 with a full quarter remaining,” said John Levy, Founder and CEO of theScore.

“User engagement of our mobile apps continues to soar, with our session numbers proving that theScore is very much a part of sports fans’ daily lives. Q3 also saw the continued roll-out of our eSports offering, reinforcing our reputation as the go-to mobile destination for eSports coverage.

“We’re now looking ahead to the upcoming re-launch of Swoopt, the mobile-first daily fantasy sports game we acquired in Q2. Our product development team has been working extremely hard on delivering improvements and enhancements to gameplay that we’re excited to introduce to our existing user base as well as fans of fantasy sports everywhere.”

FISCAL 2015 Q3 OPERATIONAL HIGHLIGHTS

  • theScore eSports was launched on iOS, giving fans of competitive gaming on iPhones an app for breaking news, live scores, stats, push alerts and links to streams from across the world of eSports.
    • theScore eSports further expanded its real-time coverage of competitive gaming by adding live scores and stats for the games Dota 2 and Counter-Strike: Global Offensive to its Android and iOS apps.
  • theScore became one of the first apps to be available for the newly released Apple Watch, delivering real-time scores, stats and breaking news notifications on users’ favorite leagues, teams and players right to their wrist.
  • theScore closed a bought deal offering whereby it sold 39.56 million Units for gross proceeds of $26.5 million. The deal was led by Mackie Research Capital Corporation and the syndicate also involved Canaccord Genuity Corp. and Beacon Securities Ltd. The Levy Family and Relay Ventures also participated in the offering, with net proceeds from the Offering to be used to support the ongoing development of the Company’s mobile sports apps and the expansion of sales and marketing efforts and for general corporate and working capital purposes.


Q3 F2015 FINANCIAL RESULTS

Revenue for the three months ended May 31, 2015 was $3.2 million compared to $2.0 million the previous year, an increase of 60%. Revenue for the nine months ended May 31, 2015 was $9.4 million compared to $6.0 million the previous year, an increase of 57%.

Adjusted EBITDA loss for the three month period was $3.2 million compared to $2.1 million in the same period in the prior year, an increase of $1.1 million. Adjusted EBITDA loss for the nine month period was $6.6 million compared to $5.1 million in the same period in the prior year, an increase of $1.5 million. Excluding the impact of a one time reduction of personnel costs of $1.7 million in Q2 of the prior year related to tax credits, year-over-year Adjusted EBITDA loss decreased by $0.2 million for the nine month period ending May 31, 2015.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to what they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and daily fantasy sports contests via its mobile sports platforms ‘theScore,’ ‘theScore eSports,’ ‘ScoreMobileFC’ and ‘Swoopt.’

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form and Short-form Prospectus as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

Financials 1 Financials 2 Financials 3 Financials 4

theScore-S-Logo

– Mobile sports company releases fiscal 2015 first quarter results

TORONTO, January 15 2015 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2014 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2015 Q1 OPERATIONAL HIGHLIGHTS 

  • Average monthly active users of theScore’s mobile platforms reached a record 10.2 million in Q1 F2015, an increase of 112% compared to the same period in F2014.
    • Average monthly active users of theScore’s mobile apps reached 4.8 million in Q1 F2015, an increase of 15% compared to the same period in F2014.*
    • Average monthly active users of theScore’s mobile web platform reached 5.4 million in Q1 F2015, an increase of 776% compared to the same period in F2014.*
  • Average monthly sessions of theScore’s mobile apps reached 298 million in Q1 F2015, an increase of 56% compared to the same period in F2014.*
  • Achieved record quarterly revenue of $3.05 million in Q1 F2015
    • Advertising revenue for Q1 F2015 increased by 49% compared to the same period the previous year.

“2015 is off to a great start with more than 10 million sports fans now using theScore as their go-to mobile sports platform,” said John Levy, Founder and CEO of theScore.

“The recent acquisition of daily fantasy sports game Swoopt also further strengthened and diversified our offering, giving us a strategic entry point into the daily fantasy sports space with a product that enjoys a clear fit with theScore’s existing user base. Coupled with the record quarterly revenue we enjoyed in Q1, theScore is well on course to reinforce its position as a leader in mobile sports during 2015.”


Q1 F2015 OPERATIONAL HIGHLIGHTS

  • theScore was named “one of the world’s greatest” apps by Business Insider as part of the influential media outlet’s annual ‘App 100’ list.
  • theScore for iOS and Android was updated with a host of new features designed to take football fans closer to the gridiron than ever before, including rich scoring play visuals and detailed graphics that track each pass, drive, penalty and kick.
  • theScore for iOS and Android was updated with Feed Filters, allowing users to create additional customized Feeds to track their favorite leagues, teams and players, making it perfect for even deeper fantasy sports tracking.
  • theScore for iOS was updated to be fully optimized for the newly released iPhone 6 and iPhone 6 Plus devices.


Q1 F2015 FINANCIAL RESULTS

Revenue for the three months ended November 30, 2014 was $3.05 million compared to $2.1 million the previous year, an increase of 45%. EBITDA loss for the three months ended November 30, 2014 was $1.5 million compared to $2.3 million the previous year, an improvement of 35%.

* User metrics from Q1 F2014 exclude theScore’s secondary mobile sports application, SportsTap, which was retired September 30, 2013.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore creates mobile-first sports experiences, connecting fans to what they love through an addictive combination of real-time news, scores, fantasy information and alerts while creating and curating content that is mobile optimized, comprehensive, customizable and seamlessly shareable. theScore is available on iOS, Android, BlackBerry and Windows Phone devices. 

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

theScore Financials 1theScore Financials 2

theScore Financials 3theScore Financials 4

theScore S Logo

Mobile sports company maintains strong revenue and user growth

TORONTO, April 7 2014 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months and six months ended February 28, 2014 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2014 Q2 OPERATIONAL HIGHLIGHTS

  • Average monthly active users of theScore’s mobile platforms reached 5.0 million in Q2 F2014, an increase of 43% compared to the same period in F2013. *
  • Average monthly user sessions of theScore’s mobile platforms reached more than 155 million in Q2 F2014, an increase of 84% compared to the same period in F2013. *
  • theScore launched ‘Feed’ on its iOS app – allowing users to create their own continuously updated stream of sports content, combining all the information on the leagues, teams and players the user is following in one place.

“During Q2 we introduced our newest feature to theScore with the launch of Feed,” said John Levy, Chairman and CEO of theScore, Inc. “This unique flow of personalized data and information provides theScore fans with a completely new level of engagement as they follow their teams, players and stories in real-time from their mobile device.” 

FISCAL 2014 Q2 FINANCIAL RESULTS
Revenue for the three months ended February 28, 2014 was $1.9 million compared to $1.1 million for the same period the previous year, an increase of 73%. Revenue for the six months ended February 28, 2014 was $4.0 million compared to $2.6 million for the same period the previous year, an increase of 54%. Mobile advertising revenue for the three and six months ended February 28, 2014 increased by 143% and 112% respectively compared to the same periods in the previous year.

EBITDA loss for the three months ended February 28, 2014 was $0.7 million compared to a loss of $2.6 million for the same period the previous year. EBITDA loss for the six months ended February 28, 2014 was $3.0 million compared to a loss of $4.7 million for the same period the previous year. The reduction in EBITDA loss was primarily due to increased revenue and the Ontario Interactive Digital Media Tax Credit recognized in this period.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore creates mobile-first sports experiences, connecting fans to what they love through an addictive combination of real-time news, scores, fantasy information and alerts while creating and curating content that is mobile optimized, comprehensive, customizable and seamlessly shareable.

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.



 

*User metrics from Q1 and Q2 F2014 and Q1 and Q2 F2013 exclude theScore’s secondary mobile sports application, SportsTap, which was retired September 30, 2013.

 

theScore S Logo

Mobile sports company achieves record quarterly revenue and user numbers

TORONTO, January 16 2014 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2013 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2014 Q1 OPERATIONAL HIGHLIGHTS

  • Average monthly active users of theScore’s mobile platforms reached 4.8 million in Q1 F2014, an increase of 48% compared to the same period in F2013. *
  • Average monthly user sessions of theScore’s mobile platforms reached more than 191 million in Q1 F2014, an increase of 142% compared to the same period in F2013. *
  • Released a fully optimized iOS 7 experience for theScore for iPhone and iPad, delivering even faster news, scores and stats along with a stylish new design.
  • theScore for Android was updated with Breaking News Alerts, Top News and a revamped news offering, as well as delivering full tablet support.

“We’re off to a great start in 2014, with record quarterly revenue and a record number of sports fans using theScore to follow the leagues, teams and players they care about,” said John Levy, Chairman and CEO. “Our unflinching mobile-first approach, comprehensive coverage and deep personalization features has made theScore a regular part of sports fans’ daily lives, as our strong year-over-year growth in user sessions shows.”

FISCAL 2014 Q1 FINANCIAL RESULTS
theScore achieved record quarterly revenue of $2.1 million for the three months ended November 30, 2013, compared to $1.5 million for the same period in F2013, an increase of 41%.

EBITDA loss for the three months ended November 30, 2013 was $2.3 million compared to a loss of $2.1 million in the same period the previous year. The increase in expenses was due to increased marketing and promotional efforts during the period, and increased corporate and personnel costs, offset by lower technology costs as a result of efficiencies in relation to hosting and content management systems.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com

About theScore Inc.
theScore creates mobile-first sports experiences, connecting fans to what they love through an addictive combination of real-time news, scores, fantasy information and alerts while creating and curating content that is mobile optimized, comprehensive, customizable and seamlessly shareable.

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Annual Information Form as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.



*User metrics from Q1 F2014 and Q1 F2013 exclude theScore’s secondary mobile sports application, SportsTap, which was retired September 30, 2013.

theScore App

TORONTO, October 24 2013 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the fourth quarter and the year ended August 31, 2013 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2013 OPERATIONAL HIGHLIGHTS

  • Average monthly active users of theScore’s mobile platforms reached 4 million across F2013, an increase of 15% compared to 3.5 million average monthly mobile active users in F2012
  • In August 2013, theScore announced a major update to its iOS app, transforming its news offering to provide a truly mobile-first, comprehensive, curated and real-time experience for sports fans.
  • theScore assembled a mobile-first newsroom, powered by an in-house, custom-designed Content Management System (CMS) that allows journalists to deliver mobile news quicker than ever.
  • In May 2013, theScore announced the closing of a $16 million private placement financing, allowing the Company to accelerate the development and marketing of its mobile sports apps.
  • In January 2013, theScore re-launched its popular app for Android based on the functionality of theScore’s critically acclaimed iOS app, including a completely re-designed interface.
  • In October 2012, theScore closed a plan of arrangement, pursuant to which Rogers Media Inc. acquired the television business of Score Media Inc., and the digital media business of Score Media was spun out to its shareholders

“This has been a great inaugural year for theScore as an independent mobile sports company,” said John Levy, Chairman and CEO. “We’ve recorded record user numbers and delivered the biggest app update in our history, giving millions of sports fans a uniquely mobile-first experience. We now look forward to building on this success during F2014 and continuing the phenomenal growth of our user base by offering fans the best-in-class mobile sports experience they deserve.” 

FISCAL 2013 FINANCIAL RESULTS
Revenue for the year ending August 31, 2013 was $5.3 million, compared to $4.2 million the previous year, an increase of 26%.  Revenue for the three months ended August 31, 2013 was $1.3 million, no change from the same period the previous year.
EBITDA loss for the year ending August 31, 2013 was $8.3 million compared to $6.5 million the previous year.  This difference was primarily as a result of an increased investment in personnel related to the development of theScore’s mobile apps.  EBITDA loss for the three months ended August 31, 2013 was $1.2 million compared to a loss of $1.9 million in the same period the previous year.  EBITDA loss for the three months and year ended August 31, 2013 was positively impacted by $1.0 million as a result of the Company’s Ontario Interactive Digital Media Tax Credit accruals made in the quarter ended August 31, 2013.

STOCK OPTION GRANT
theScore today announced the grant of an aggregate of 5,145,000 options, including 2,440,000 options to directors and officers of the Company.  Options were granted to the following directors and officers: Norwest Video Inc. (John Levy) (1,200,000 options); Benjamin Levy (600,000options); Tom Hearne (400,000 options); Ralph Lean (40,000 options); John Albright (40,000 options); Mark Scholes (40,000 options); Lorry Schneider (40,000 options); William Thomson (40,000 options); and Mark Zega (40,000 options).  Each option is exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.18, vests over three years and has a term of ten years.  Each option is exercisable in accordance with the terms and conditions of the Company’s stock option plan.

For more information:

James Bigg
Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: tom.hearne@thescore.com 

About theScore Inc.
theScore creates mobile-first sports experiences, connecting fans to what they love through an addictive combination of real-time news, scores, fantasy information and alerts while creating and curating content that is mobile optimized, comprehensive, customizable and seamlessly shareable.

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Listing Application as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.

TORONTO, April 23 2013 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and six months ended February 28, 2013 in accordance with International Financial Reporting Standards (“IFRS”).

FISCAL 2013 Q2 OPERATIONAL HIGHLIGHTS

  • In January, theScore’s mobile platforms achieved a record 4.2 million monthly active users.
  • Average monthly active users of theScore’s mobile platforms exceeded 3.9 million in Q2 F2013, while average monthly active users for its flagship application for iPhone grew by 63% over the comparable period in F2012.
  • In January, theScore re-launched its popular app for Android; the app was based on the design of theScore’s critically acclaimed iPhone and iPad apps and included a completely re-designed interface with an emphasis on fantasy sports, to give users the ultimate mobile sports experience.
  • In February, theScore announced the re-design of its BlackBerry® app for the BlackBerry® 10 platform. It was built using BlackBerry® 10 development best practices and design patterns, giving it the clean look and the brand consistency of other mobile applications by theScore.

“We find ourselves at the start of an exciting new chapter in the history of theScore,” said John Levy, Chairman and CEO, theScore, Inc. “We’ve just celebrated record mobile monthly active user numbers and also moved to a fantastic new office space, which perfectly fits our unique, creative and innovative company culture. theScore is now perfectly positioned to further capitalize on the industry-wide explosion in mobile advertising spending.”

FISCAL 2013 Q2 FINANCIAL RESULTS

Revenue for the three months ended February 28, 2013 was $1.1 million compared to $700k in the same period the previous year, an increase of 57%. Revenue for the six months ended February 28, 2013 was $2.6 million compared to $1.7 million for the same period the previous year, an increase of 53%.

EBITDA loss for the three months ended February 28, 2013 was $2.6 million compared to $1.1 million in the same period the previous year, and $4.7 million for the six months ended February 28, 2013 compared to $2.6 million for the same period the previous year. This difference was primarily as a result of an increased investment in personnel related to the development of theScore’s mobile apps as well as the impact of the Ontario Interactive Digital Media Tax Credit, which reduced EBITDA loss by $1.0 million and $1.5 million for the same three and six month period last year.

For more information:

James Bigg

Manager, Communications

theScore, Inc.

Tel: 416.479.8812 ext. 2366

Email: james.bigg@thescore.com

 

Tom Hearne

Chief Financial Officer

theScore, Inc.

Tel: 416.560.0528

Email: tom.hearne@thescore.com

 

About theScore Inc.

theScore’s mission is to provide a full digital service to sports fans, delivering a personalized user experience across all major mobile platforms through our mobile apps and website. Users are provided with a comprehensive, customizable service that dispenses real-time sports news, scores, fantasy information and alerts, alongside compelling, relevant content that allows for seamless social sharing by users. theScore also enables advertisers to engage with users across theScore’s mobile and web platforms and offers them a combination of reach, relevance, and customizable advertising and sponsorship products.

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 “may”, “would”, “could”, “will”,  “believes”, “plans”, “anticipates”, “estimates”, “expects” or “intends” and other similar 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. Such statements reflect theScore’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including among other things, those which are discussed under the heading “Risk Factors” in the Company’s Listing Application as filed with the TSX Venture Exchange and available on SEDAR at www.sedar.com and elsewhere in documents that theScore files from time to time with securities regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results could differ materially from the expectations expressed in these forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as required by applicable law or regulatory requirements.