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TORONTO, January 23 2019 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2018 in accordance with International Financial Reporting Standards (“IFRS”). All financial information in this press release is reported in Canadian dollars, unless otherwise indicated. 

Q1 F2019 Highlights

  • The Company achieved record quarterly EBITDA in Q1 F2019 of $1.0 million.
  • The Company achieved record quarterly revenue in Q1 F2019 of $9.5 million.
  • The Company grew average monthly user sessions to a new quarterly record of 469 million during Q1 F2019, with users opening theScore app an average of 111 times a month each.
  • In December the Company became the first media company in North America to announce plans for a mobile sportsbook in the United States, which the company anticipates will launch in New Jersey in mid-2019 subject to receipt of required regulatory approvals and licenses.
  • The Company’s esports’ video content achieved a new record of 40.3 million total views in Q1 F2019.

“Sports betting is a core focus this fiscal year and a huge opportunity for theScore,” said John Levy, Founder and CEO of theScore. “We’re excited to launch what we believe will be a unique and best-in-class mobile sportsbook in New Jersey in mid-2019.

“We’re uniquely positioned as a media company to succeed in sports betting. The record engagement achieved this quarter on our mobile app demonstrates the power of our audience, which spans every single U.S. state and indexes highly with sports betting enthusiasts.

“This is a big advantage, as is the rapid growth of mobile and in-game sports wagering, which aligns perfectly with the product expertise that has made theScore one of the most popular sports apps in North America.

“On top of this, we continue to create value across our Company, achieving record quarterly revenue and EBITDA while significantly growing our esports and social audiences. We look forward to further strengthening our reputation as a leader in digital sports media in 2019 and beyond.”

Financial Results
The Company achieved record EBITDA for Q1 F2019 of $1.0 million versus EBITDA of $0.5 million in Q1 F2018. The Company also achieved record revenue for Q1 F2019, which grew 13% to $9.5 million versus $8.4 million in Q1 F2018, and included record quarterly revenue for the Company’s Canadian direct sales business and strong year-over-year growth of U.S. programmatic revenue.

Audience Metrics
Total average monthly user sessions of theScore mobile app on iOS and Android reached a new quarterly record of 469 million in Q1 F2019, or 111 sessions-per-user per-month on a base of 4.2 million average monthly app users.

Total video views of theScore’s esports’ content were 40.3 million for Q1 F2019, representing year-over-year growth of 123%. Total watch minutes for theScore esports’ YouTube channel reached 296 million in Q1 F2019, growth of 867% year-over-year, with channel subscribers breaking past 500,000 during the period.

theScore’s content on its social channels reached approximately 67 million users per month in Q1 F2019, growth of 119% year-over-year, serving to further amplify theScore brand globally. This included a new monthly reach record of approximately 77 million in November.

Credit Facility
In December 2018 the Company entered into a $5 million demand credit facility with a Canadian chartered bank. The credit facility is available for working capital purposes and the amount available is based on a percentage of the Company’s accounts receivable and those of certain of its subsidiaries. The facility is secured by substantially all of the assets of the Company and certain of its subsidiaries. 

Stock Option Plan
theScore announced that the board of directors has granted 5,537,500 options to acquire Class A subordinate voting shares to employees of, and consultants to, the Company, including 1,700,000 options to directors and officers of the Company. Assuming the requisite shareholder approval is obtained, options will be granted to the following directors and officers: Norwest Video Inc. (600,000 options); Benjamin Levy (500,000 options); Ralph Lean (100,000 options); John Albright (100,000 options); Mark Scholes (100,000 options); Lorry Schneider (100,000 options); Thomson Associates Inc. (100,000 options), and Mark Zega (100,000 options). Each option will be exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.30 in accordance with the terms and conditions of the Company’s employee stock option plan.

Conference Call
theScore will host a conference call at 4:30pm ET on Wednesday, January 23 where management will review the Company’s Q1 F2019 results, followed by a Q&A session:

Conference Call Dial-In
Local: (+1) 647 689-5637
Toll Free North America: (+1) 877 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: (+1) 416 621-4642
Toll Free North America: (+1) 800 585-8367
Playback Passcode: 7389200 # 

 

Annual General Meeting
theScore will be hosting its Annual General Meeting at 11:00am EST on Thursday, January 24, 2019 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

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For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 647.638.9281
Email: james.bigg@thescore.com

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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Conference call and webcast to take place at 4:30pm EST
Company to host Annual General Meeting Thursday, January 24 at 11:00am

TORONTO, January 16 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q1 F2019 financial results at market close on Wednesday January 23, 2019.

theScore will also host a conference call at 4:30pm EST on Wednesday, January 23 where management will review the Company’s Q1 F2019 results, followed by a Q&A session.

Conference Call Dial-In
Local: (+1) 647 689-5637
Toll Free North America: (+1) 877 396-4208

The conference call will also be webcast live. Register now here.

Instant Replay
Local: (+1) 416 621-4642
Toll Free North America: (+1) 800 585-8367
Playback Passcode: 7389200 #

theScore will also be hosting its Annual General Meeting at 11:00am EST on Thursday, January 24, 2019 at the Company’s Toronto office at: 500 King Street West, Fourth Floor, Toronto, Ontario, M5V 1L9.

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


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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– Agreement with operator of New Jersey-based Monmouth Park Racetrack provides theScore with market access to offer online and mobile sports betting throughout the state 

– Powered by cutting edge sports betting platform from Bet.Works

– Planned launch in mid-2019, subject to receipt of required regulatory approvals and licenses

TORONTO, December 18, 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore” or the “Company”) today announced plans to launch a mobile sportsbook in the United States in 2019 after securing market access through an official licensing partnership with Darby Development LLC (Darby), the operator of the Monmouth Park Racetrack in New Jersey and the New Jersey Thoroughbred Horsemen’s Association (NJTHA).

This agreement paves the way for theScore to offer online and mobile sports betting across New Jersey, subject to receiving all required approvals and licenses from the State of New Jersey Division of Gaming Enforcement (DGE) and the New Jersey Racing Commission (NJRC). Subject to receipt of these approvals, theScore anticipates rolling out its sports betting platform in New Jersey in mid-2019. Sports fans can sign-up to receive updates on theScore’s launch plans at www.theScore.bet.

“This is a significant moment for theScore, becoming the first media company in North America to announce its plans to launch online and mobile sports betting in the United States,” said John Levy, Founder and CEO of theScore. “Sports betting has long been part of our company DNA in how we’ve delivered content to fans. Providing the ability to actually bet on games is the natural next phase for theScore.

“With the rapid growth of mobile and in-game wagering, we are perfectly positioned to deliver a unique and amazing sports betting experience. Our large and engaged app audience spans every single U.S. state and highly indexes with sports betting enthusiasts. We can’t wait to bring a sports betting product to market and capitalize on this exciting opportunity in New Jersey and other regulated states.”

Dennis Drazin, CEO and Chairman of Darby Development LLC, is a highly-experienced gaming operator and played an integral role in the repeal of the Professional and Amateur Sports Protection Act of 1992 (PASPA), which largely prohibited sports betting across the U.S. PASPA was repealed by the U.S. Supreme Court in May 2018, allowing individual states to offer legalized, regulated sports betting.

Drazin said: “theScore has one of the leading sports apps in North America, a world-class reputation for mobile sports development, and a large and highly-engaged audience. Combined with Bet.Works’ best-in-class technology and their team of experienced sports book operators that will power theScore’s digital sports betting platform, we’re thrilled to welcome them to our exclusive family of partners offering sports wagering in New Jersey.”

The agreement between Darby, the NJTHA and Score Digital Sports Ventures Inc. (“Score”) provides that Score will be the operator of a branded sportsbook pursuant to one of the sports wagering licenses conferred upon the NJTHA by the DGE, subject to receipt of all required regulatory approvals and licenses.  Pursuant to the agreement, Darby is entitled to a certain percentage of the revenue derived from Score’s operation of the sportsbook, subject to certain annual minimum guaranteed amounts as well as certain upfront fees and renewal fees, if applicable.  The agreement has a term of up to fifteen years, consisting of an initial term of five years, which is extendable for two successive five-year terms at the option of Score.

In addition, Score has executed a binding term sheet with Bet.Works (US) LLC, whose proprietary, cutting-edge sports betting technology will power theScore’s online and mobile sports betting platforms. Pursuant to the multi-year agreement, Bet.Works will be the exclusive supplier of sportsbook and casino technology to theScore in the United States and also provide certain operational services to theScore to facilitate its sports betting operations.

Bet.Works is a U.S. based igaming and sportsbook provider, with a management team handpicked from among the most successful gaming operators in the country. Bet.Works offers a flexible suite of proprietary gaming solutions that uses some of the most advanced technology in the market today. Coupled with a sophisticated managed service offering, Bet.Works is uniquely positioned to provide American based solutions to enterprise, tribal and regional clients.

David Wang, Founder and CEO of Bet.Works said: “We are extremely excited about working with theScore. They have a huge audience and one of the most comprehensive sports apps on the market, providing the connective tissue between hardcore sports fans and the teams they love. We are confident the Bet.Works team can help theScore to the forefront of mobile sports betting in New Jersey and beyond.”

Contact:
James Bigg
theScore
Sr. Manager, Communications
james.bigg@thescore.com
647.638.9281

Elisa Richardson
theScore
Manager, Media Relations
elisa.richardson@thescore.com
646.901.8536

theScore Investor Relations
theScore.com

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. theScore is publicly traded on the TSX Venture Exchange (SCR).

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, the receipt of all required approvals and licenses from the DGE and NJRC and those factors 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, July 11 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three and nine months ended May 31, 2018 in accordance with International Financial Reporting Standards (“IFRS”).

Revenue for the quarter grew to $7.2 million compared to $6.4 million in the same period in F2017. Revenue for the first nine months of F2018 grew to $22.6 million compared to $21.6 million for the same period in F2017. Q3 F2018 revenue growth was accomplished thanks to strong performances from theScore’s Canadian direct sales and US programmatic businesses.

EBITDA loss for the three months ended May 31, 2018 improved to $44K, compared to a loss of $2.2 million for the same period the previous year. EBITDA loss for the first nine months of F2018 improved to $30K compared to a loss of $4.0 million for the same period the previous year. EBITDA loss for the three and nine months ended May 31, 2017 included an impairment loss on the disposal of a non-core investment of $0.8 million.

Average monthly active users of theScore app on iOS in Q3 F2018 were up 9% compared to the same period the previous year, including growth in May of more than 12% year-over-year. iOS growth was offset by lower monthly active users of theScore app on Android. As a result, total average monthly active users of theScore mobile app in Q3 F2018 were 3.9 million, consistent with the same period the previous year. Average monthly app sessions-per-user were 93 versus 96 for Q3 F2017.

“It’s been an exciting period for theScore,” said John Levy, CEO and Founder of theScore. “We’ve seen continued strong app user growth on our iOS platform, a new monthly record of more than 50 million sports fans reached on our social and emerging platforms, and last week’s launch of theScore on Bixby to increase our presence on Android devices.

“This quarter also saw the legalization of sports betting in the United States, which presents an exciting opportunity for us. The state-by-state roll-out of this, and the different models being explored within each individual state, means the US sports betting landscape remains a fluid one. theScore is uniquely positioned to capitalize on this opportunity thanks to our mobile sports expertise, combined with our large and highly-engaged audience. We look forward to sharing more on our plans in due course.”

theScore will be hosting a conference call at 4:30pm EST on Wednesday, July 11. Management will review the Company’s Q3 F2018 results, followed by a question and answer session.

To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546
The conference call will also be webcast live. Register now here.

A replay of the call will also be available post-event at:

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 328842 #

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

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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– Financial results to be released at market close
– Conference call to be conducted at 4:30pm EST

TORONTO, July 5 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q3 F2018 financial results at market close on Wednesday July 11, 2018.

The Company will also be hosting a conference call at 4:30pm EST on Wednesday July 11, 2018 where Founder & Chief Executive Officer John Levy and President & Chief Operating Officer Benjie Levy will review the Company’s results followed by a Q&A session.

To participate, please call into the conference approximately five minutes prior to it beginning.

Conference Call Dial-In
Toronto: (+1) 416 764 8688
Toll Free North America: (+1) 888 390 0546
The conference call will also be webcast live. Register now here.

A replay of the call will also be available post-event at:

Instant Replay
Toronto: (+1) 416 764 8677
Toll Free: North America (+1) 888 390 0541
Playback Passcode: 328842 #

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

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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CEO John Levy: “Ruling is a huge victory for sports fans across the United States”

May 14, 2018: theScore, Inc. (TSX Venture: SCR), a leader in delivering mobile-first sports scores and content, reacted positively to today’s ruling by the Supreme Court to strike down the Professional and Amateur Sports Protection Act of 1992 (PASPA), an act that largely outlawed sports betting outside of Nevada, effectively clearing a path for the legalization of sports betting in the United States.

John Levy, Founder and CEO of theScore, whose flagship mobile app is one of the most popular sports apps in North America, said: “This is a huge victory for sports fans across the United States. Sports betting has long been part of theScore’s DNA, and our market-leading expertise in delivering mobile-first experiences to millions of fans every month makes this an exciting moment for us, as well as others that support the introduction of sports wagering in the U.S.”

Delivered this morning, the Supreme Court ruling enables states to individually introduce legislation to legalize sports betting. According to the American Gaming Association, 18 states have introduced legislation to legalize sports betting, with more states expected to follow.

“We’ve been watching this space for some time and eagerly anticipating this ruling,” added Levy. “The ruling unlocks exciting opportunities and we are uniquely positioned to deliver amazing fan experiences on mobile and in-game as the betting market develops.”

theScore app, which is used monthly by millions of fans and is one of the leading multisport news and data apps in North America, is available in the App Store and on Google Play and offers news, scores, alerts and stats for every major league and competition, including betting line movements for leagues including NBA Basketball, NFL Football, NHL Hockey and MLB Baseball.

John Levy is available for media interviews to discuss today’s Supreme Court decision. For more information or to set-up an interview contact:

James Bigg
Sr. Manager, Communications
theScore
james.bigg@thescore.com
Tel: 647-638-9281

Elisa Richardson
Manager, Media Relations
theScore
elisa.richardson@thescore.com
Tel: 646-901-8536

theScore Investor Relations
theScore.com

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 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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– Company achieves positive EBITDA for first time in history

TORONTO, January 11 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) today announced the financial results for the three months ended November 30, 2017 in accordance with International Financial Reporting Standards (“IFRS”).

In Q1 F2018 the Company achieved the first EBITDA positive quarter in its history. EBITDA was $0.5M, versus a loss of $0.4M for the same period the previous year.

“After previously forecasting that we would be EBITDA positive in F2018, we are very pleased to get this fiscal year off to a strong start, something which puts a solid foundation in place for the rest of the year,” said John Levy, CEO and Founder of theScore.

The Company achieved revenue of $8.4M for Q1 F2018 versus $8.5M for the same period the previous year. Increased US programmatic revenue and Canadian direct sales revenue was offset by lower direct sales in the US.

Average monthly active users of theScore app[*] for Q1 F2018 were 4.3M versus 4.4M for the same period the previous year, while average monthly app sessions-per-user were 103 versus 102 for Q1 F2017.

theScore app on iOS showed positive momentum this quarter, breaking new single-month user records in both October and November. For Q1 F2018, monthly active users of theScore app on iPhone and iPad were up by 6% for the same period the previous year. Monthly active users of theScore app on Android were down by 11% over the previous year.

“Following the launch of our newly designed flagship app at the end of Q4, we’ve seen some extremely encouraging growth on our iOS platforms, twice breaking records for users in a single month in Q1,” said Mr. Levy. “While the change in Android users is reflective of trends we’ve seen with other apps in the free sports category in Google Play over the past year, we believe a combination of product and marketing initiatives will enable us to tackle this platform-specific challenge head-on by improving both user acquisition and retention.

“Our priority now is building on this momentum through the continued improvement of our offering through ongoing experimentation and maintaining our regular bi-weekly release cycles to get updates into the hands of sports fans as quickly as possible.”

theScore’s esports team also reinforced its focus on the creation of original video content during Q1 F2018, doubling-down on the production of successful video franchises which regularly generate six-figure viewing figures across YouTube, Facebook and other social platforms. In Q1 F2018, theScore esports recorded a total of 18M video views, up from 3.5M for the same period the previous year.

theScore’s Emerging Platforms team continued to work on developing for new platforms and technologies to further amplify theScore brand and product offering. In Q1 F2018, theScore launched its Skill for Amazon Alexa across North America, continued to grow and improve its chatbot for Facebook Messenger and, only last week, launched the first-ever fantasy sports game for Facebook’s Instant Games platform on Messenger.

“We continue to be encouraged by the growth potential we’re seeing with our esports video and emerging platforms initiatives, with the recent launch of our pioneering fantasy sports game on Instant Games being a prime example,” said Mr. Levy. “This, combined with the strong reach of more than 30M people a month across our social platforms, enables us to focus on our core app business while also looking to the future to ensure theScore stays one step ahead of the ever-evolving demands of sports fans.”

theScore announced that, if the proposed amendments to its stock option plan are approved by shareholders at today’s annual and special meeting,  the board of directors intends to grant today 9,940,000 options to acquire Class A subordinate voting shares to employees of the Company, including 1,660,000 options to directors and officers of the Company.  Assuming the requisite shareholder approval is obtained, options will be granted to the following directors and officers: Norwest Video Inc. (600,000 options); Benjamin Levy (500,000 options); Ralph Lean (80,000 options); John Albright (80,000 options); Mark Scholes (80,000 options); Lorry Schneider (80,000 options); Thomson Associates Inc. (80,000 options), Mark Zega (80,000 options) and Kirstine Stewart (80,000 options). Each option will be exercisable for one Class A Subordinate Voting Share of theScore at an exercise price of $0.145 in accordance with the terms and conditions of the Company’s employee stock option plan.

theScore will be hosting a conference call at 8:30am EST on Thursday, January 11. Management will review the Company’s Q1 F2018 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: 513838 #

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

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.

[*] User metrics for theScore app do not include audience or engagement numbers from theScore esports platforms, Squad Up, or products from its Emerging Platforms team, including theScore Bot for Facebook Messenger.

 

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theScore Featured Image

TORONTO, January 3 2018 – theScore, Inc. (TSX Venture: SCR) (“theScore”) plans to release its Q1 F2018 financial results on Thursday, January 11 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 Q&A session.

The conference call is scheduled to begin at 8:30am EST on Thursday, January 11. 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: 513838 #

The conference call will also be webcast live. Register now here.

theScore will also be hosting its Annual General Meeting at 11:00am EST on Thursday, January 11 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: james.bigg@thescore.com

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

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.

blog-post

Company offers audio flash briefings for sports and esports as part of Canadian Alexa launch

November 15, 2017 – theScore, Inc. (TSX Venture: SCR) (‘theScore’) today announced it will launch new skills for Amazon Alexa to deliver sports news and updates as part of the Canadian launch of its Alexa voice service and Echo smart speaker.

theScore’s capabilities for Amazon Alexa – known as ‘skills’ – include on-demand daily updates for both traditional sports news and esports. Fans with an Alexa device in their home can simply select theScore as their flash briefing and ask “Alexa – what’s in the news?” and theScore will deliver a comprehensive audio sports briefing.

“Working with Amazon Alexa represents a major step forward in our strategy to expand theScore experience to audiences on new and emerging platforms and we’re excited to provide sports news with Alexa,” said John Levy, Founder and CEO of theScore.

“theScore is focused on playing at the forefront of digital technology, ensuring we’re responding to the ever evolving ways sports fans want their scores and news. This provides theScore with yet another channel to reach sports fans in their own homes, complementing what we’re already offering across our market-leading app and social platforms. This is just the beginning, and we’re excited to see where we can go with voice technology.”

Already available on the Amazon Alexa in the US, theScore goes live for Alexa devices in Canada today with two daily ‘flash briefings’ for theScore Sports and one for theScore esports, offering a two-minute audio summary of all the major headlines that matter.

theScore’s dedicated ‘Emerging Platforms’ team is overseeing development for Alexa, and will continue to develop and improve theScore’s skills for the voice service, as well as exploring and executing other opportunities to grow theScore’s audience on platforms with high growth potential.

theScore’s Alexa skills for Amazon Alexa can be accessed and managed via the Amazon Alexa app.
For more information:
James Bigg
Sr. Manager, Communications
theScore, Inc.
Tel: 416.479.8812 ext. 2366
Email: james.bigg@thescore.com

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.