TheScore reports $73m gaming handle for Q3; revenue of $6.4m

TheScore has announced its financial figures for Q3 2021, which show record results for the company.  

Total Q3 2021 gaming handle on theScore Bet amounted to $73m; the brand also generated its highest-ever betting handle for a single month with $30.8m in March.  

Similarly, there was another third-quarter record in terms of media revenue, which increased by 5% in comparison to 2019, to a total of $8.9m.  

The operator also achieved record engagement on its sports media app, with a third-quarter record of 470.2 million user sessions; a 19% increase from 2019.  

Users opened the app an average of 126.1 times each month, which is an all-time high for average monthly sessions per user across 3.7 million average monthly users.  

Total revenue for the quarter was $6.4m, with an EBITDA loss of $21.1m compared to an EBITDA loss of $8.7m the previous year.  

TheScore says the loss was due to “ongoing expansion of the company’s gaming operations, as well as costs and professional service fees related to the recently completed US initial public offering.” 

John Levy, Chairman and CEO of theScore, said: “TheScore demonstrated continued momentum across our business in the fiscal 2021 third quarter, as solid gaming handle was complemented by record third-quarter media revenue. 

“Following our successful third-quarter US initial public offering and public listing, our entire team remains focused on further establishing theScore as a leading, integrated provider of digital sports media and sports betting throughout the U.S. and Canada."

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