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TORONTO, October 19 2017 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and 12 months ended August 31, 2017 in accordance with International Financial Reporting Standards (“IFRS”).

The Company posted quarterly revenue of $4.8 million compared to $5.0 million in the same period the previous year. This year-over-year decrease was primarily due to the absence of the major sporting events that took place in Q4 F2016, including the Rio Olympics and the 2016 UEFA EURO and Copa America soccer tournaments, which in turn lead to a decrease in programmatic sales.

Revenue for the 12 months ended August 31, 2017 was $26.3 million compared to $23.9 million for the same period the previous year.

Adjusted EBITDA loss for the three-month period ended August 31, 2017 was $1.9 million compared to $3.8 million in the same period in the prior year, an improvement of $1.9 million. Adjusted EBITDA loss for the year ended August 31, 2017 was $5.2 million compared to $12.4 million in the same period in the prior year, an improvement of $7.2 million. This was primarily the result of increased revenues and reduced operating expenses relating to personnel, content, and marketing.

During the three months ended August 31, 2017, theScore’s mobile applications had 3.7 million average monthly active users, compared to 4.0 million average monthly active users during the three months ended August 31, 2016. Average monthly user sessions of theScore’s mobile applications reached 261 million compared to 278 million for the three months ended August 31, 2016. As above, the year-over-year decrease in audience and engagement was primarily a result of the significantly quieter sports season during June-August 2017 compared with the same period in 2016.

“While audience and revenue this quarter reflected the much slower sports season compared to last year, we hit the start of fiscal 2018 running thanks to the successful launch of the biggest update to our flagship app in its history,” said John Levy, Founder and CEO of theScore.

“Early signs are promising. Our analytics shows that existing users are quickly adapting to, and enjoying, the big change, with our deeper and more dynamic content offering making us highly attractive to new audiences. This includes deeper coverage of teams, curated content from selected third-party sources, and news rivers rich in multimedia and trending content.

“This approach also more clearly aligns our app offering with what’s being shared and engaged with across our social platforms, including Facebook, Instagram, Twitter, and our chatbot for Facebook Messenger. We’re now reaching over 30 million people a month on social, further amplifying our brand.

“This approach of ensuring our app continually meets the evolving demands of our users, while also introducing theScore brand to millions of potential users and younger sports fans through our social content and on emerging platforms, will ensure we continue to lead the pack as a world class digital sports innovator.”

theScore will be hosting a conference call at 8:30am EST on Thursday, October 19. Management will review the Company’s Q4 F2017 and year-end results, followed by a question and answer session.

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: 400297 #

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: [email protected]

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore’s mission is to create highly-engaging digital products and content that empower the sports fan’s experience. Its flagship mobile app ‘theScore’ is one of the most popular multi-sport news and data apps in North America, serving millions of fans a month. The Company also creates innovative digital sports experiences through its web, social and esports platforms.

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.

 

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TORONTO, July 26 2017 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2017 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $6.4 million compared to $6.1 million in the same period the previous year. Revenue for the first nine months of F2017 grew to $21.6 million versus $18.9 million for the same period in F2016. Revenue growth was powered by theScore’s Canadian and US direct sales teams, as well as growth in engagement within theScore’s mobile apps.

Adjusted EBITDA loss for the three months ended May 31, 2017 was $1.5 million versus $3.0 million in the same period the previous year. A combination of an increase in revenue plus savings in expenses led to direct improvements in the Company’s profitability. Net and comprehensive loss for the three months ended May 31, 2017 was $2.9 million compared to $4.4 million in the same period the previous year.

Average monthly sessions of theScore’s mobile apps reached 379 million compared to 358 million for the same period the previous year, with users opening our apps an average of 92 times a month each. Average monthly active users of theScore’s mobile apps were 4.1 million versus 4.3 million in Q3 F2016.

“Our team is very much focused on the imminent roll-out of some significant new features for our flagship app as the start of football season draws closer,” said John Levy, Founder and CEO of theScore.

“We’ve already begun testing some of these with a small percentage of users and the early signs suggest we’ve got something that will further strengthen our position as the number one challenger app to ESPN in North America.

“The evolution of theScore app will be an ongoing process to ensure we’re meeting the demands of sports fans on mobile devices. We’re also seeing positive progress in growing the engagement and size of our off-platform audience, including theScore Bot for Facebook Messenger and with our esports video strategy.

“Our continued growth in revenue, underpinned by our diligent focus on managing our expenses, means we remain well on track to be adjusted EBITDA positive in F2018.”

theScore will be hosting a conference call at 8:30am EST on Wednesday, July 26. Management will review the Company’s Q3 F2017 results, followed by a question and answer session.

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: 996482 #

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: [email protected]

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

Non-IFRS Financial Measures
In addition to disclosing results in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”), theScore also provides supplementary non-IFRS financial measures as a method of evaluating the Company’s performance. theScore utilizes earnings before interest, taxes, depreciation and amortization (“EBITDA”) to measure operating performance. theScore’s definition of EBITDA excludes depreciation and amortization, finance income, income taxes, and acquisition costs which in theScore’s view do not adequately reflect its core operating results. EBITDA is used in the determination of short-term incentive compensation for all senior management personnel. EBITDA is not a measure of performance under IFRS and should not be considered in isolation or as a substitute for net and comprehensive income or loss prepared in accordance with IFRS or as a measure of operating performance or profitability. EBITDA does not have a standardized meaning prescribed by IFRS and is not necessarily comparable to similar measures presented by other companies.

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.

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TORONTO, April 13, 2017 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and six months ended February 28, 2017 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $6.7 million compared to $5.8 million in the same period the previous year. Revenue for the first six months of F2017 grew to $15.2 million versus $12.8 million for the same period in F2016. Revenue growth was powered by theScore’s Canadian and US direct sales teams, as well as growth in engagement within theScore’s mobile apps.

EBITDA loss for the three months ended February 28, 2017 was $1.4 million versus $3.2 million in the same period the previous year. A combination of an increase in revenue plus savings in expenses led to direct improvements in the Company’s profitability. Net and comprehensive loss for the three months ended February 28, 2017 was $2.1 million compared to $4.2 million in the same period the previous year.

Average monthly sessions of theScore’s mobile apps reached 378 million compared to 335 million for the same period the previous year, with users opening our apps an average of 86 times a month each. Average monthly active users of theScore’s mobile apps were 4.3 million versus 4.4 million in Q2 F2016.

“This quarter saw us once again strengthen the engagement within our mobile apps while increasing the sophistication of our advertising business to drive ongoing revenue growth and positively impact our pathway to profitability,” said John Levy, Founder and CEO of theScore.

“Our product team remains focused on the continued enhancement of our flagship sports app, with new features being rolled out over the remainder of F2017, while also supporting other areas of our business, like esports and bots, to ensure we’re meeting the evolving needs of sports fans.”

theScore will be hosting a conference call at 8:30am EST on Thursday, April 13. Management will review the Company’s Q2 F2017 results, followed by a question and answer session.

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: 046499 #

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: [email protected]

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

Non-IFRS Financial Measures
In addition to disclosing results in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”), theScore also provides supplementary non-IFRS financial measures as a method of evaluating the Company’s performance. theScore utilizes earnings before interest, taxes, depreciation and amortization (“EBITDA”) to measure operating performance. theScore’s definition of EBITDA excludes depreciation and amortization, finance income, income taxes, and acquisition costs which in theScore’s view do not adequately reflect its core operating results. EBITDA is used in the determination of short-term incentive compensation for all senior management personnel. EBITDA is not a measure of performance under IFRS and should not be considered in isolation or as a substitute for net and comprehensive income or loss prepared in accordance with IFRS or as a measure of operating performance or profitability. EBITDA does not have a standardized meaning prescribed by IFRS and is not necessarily comparable to similar measures presented by other companies.

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.

 

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TORONTO, April 10 2017 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q2 F2017 financial results on Thursday, April 13 at 7:00am EST.

The Company 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 results followed by a question and answer session.

The conference call is scheduled to begin at 8:30am EST on Thursday, April 13. 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: 046499 #

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: [email protected]

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

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.

TORONTO, January 12, 2017 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2016 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $8.5 million compared to $7.0 million in the same period the previous year. Revenue growth was powered by theScore’s Canadian and US direct sales teams, as well as growth in engagement within theScore’s mobile apps.

EBITDA loss for the three months ended November 30, 2016 was $0.4 million versus $2.3 million in Q1 F2016. A combination of an increase in revenue plus savings in expenses led to direct improvements in the Company’s profitability. Net and comprehensive loss for the three months ended November 30, 2016 was $0.8 million compared to $3.1 million in the same period the previous year.

Average monthly sessions of theScore’s mobile apps reached 459 million compared to 414 million for the same period the previous year, with users opening our apps an average of 98 times a month each, a new quarterly record. Average monthly active users of theScore’s mobile apps were 4.7 million versus 4.8 million in Q1 F2016.

“We again saw record levels of engagement across our mobile apps and also recorded our best ever quarter in terms of EBITDA,” said John Levy, Founder and CEO of theScore. “Our proficiency in driving engagement and revenue from our existing user base means we will be able to consistently improve profitability.

“Our priority now is focusing on audience growth, something we’ve been actively working on through an exciting new feature roadmap for our flagship app, while continuing to explore opportunities and strengthen our early foothold in new and exciting areas with high growth potential, like bots and esports.”

theScore will be hosting a conference call at 8:30am EST on Thursday, January 12. Management will review the Company’s Q1 F2017 results, followed by a question and answer session.

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: 943037 #

The conference call will also be webcast live here.

theScore will also be hosting its Annual General Meeting at 11:00am EST on Thursday, January 12 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.
For more information:

James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: [email protected]

Tom Hearne
Chief Financial Officer
theScore, Inc.
Tel: 416.479.8812 ext. 2206
Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About theScore Inc.
theScore, Inc. is an independent creator of mobile-first sports experiences, connecting fans to the sports content they love through an addictive combination of comprehensive and personalized real-time news, scores, stats, alerts and videos via emerging and established digital media platforms, including its mobile sports applications theScore and theScore esports, its web platforms theScore.com and thescoreesports.com and theScore Bot for Facebook Messenger and Kik Messenger.

Non-IFRS Financial Measures
In addition to disclosing results in accordance with IFRS as issued by the International Accounting Standards Board (“IASB”), theScore also provides supplementary non-IFRS financial measures as a method of evaluating the Company’s performance. theScore utilizes earnings before interest, taxes, depreciation and amortization (“EBITDA”) to measure operating performance. theScore’s definition of EBITDA excludes depreciation and amortization, finance income, income taxes, and acquisition costs which in theScore’s view do not adequately reflect its core operating results. EBITDA is used in the determination of short-term incentive compensation for all senior management personnel. EBITDA is not a measure of performance under IFRS and should not be considered in isolation or as a substitute for net and comprehensive income or loss prepared in accordance with IFRS or as a measure of operating performance or profitability. EBITDA does not have a standardized meaning prescribed by IFRS and is not necessarily comparable to similar measures presented by other companies.

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.

 

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