The year is serving the gaming industry well, and theScore’s latest financial figures are a testament to that. The well-known operator recently revealed its financial figures for the 2021 Q3. The company noted over 6.4 million dollars in revenue and 73 million dollars in gaming handle.
The latter part of the figure also included theScore’s all-time highest betting handle month. The company garnered almost 31 million dollars in March alone. Similarly, the company also witnessed another record in its third quarter. Its media revenue went up to almost 9 million dollars, showing a 5% growth since 2019.
However, theScore did not stop here and scored another record-breaking engagement in Q3 via its sports media application. The category garnered 470.2 million active user sessions, showing a 19% growth compared to 2019. In addition, the company recorded that customers opened the application around 126 times every time, which was also an all-time high record across its 3.7 million monthly users.
The third quarter witnessed theScore earning total revenue of 6.4 million dollars. On the other hand, the EBITDA loss reached 21 million dollars, which is high compared to the previous year’s 8.7 million dollars. However, using 2020 as a comparison standard is unfair, seeing how most of the company’s proceedings were shut during the year.
Additionally, the company has spent enormous funds in expanding its gaming operations. The expansion alongside professional service charges and costs related to its United States IPO increased the expenses.
The company is also planning to grow in the Canadian market. The nation recently witnessed a significant shift in its sports betting procedures as authorities recently legalized single-event wagering. It will also allow every Canadian province to establish legal sports betting structures to boost regulated betting.
TheScore already possesses a huge and loyal user base in Canada. With a reliable brand identity and best-in-class betting and media platforms, the company is aiming for quick and long-term success with the Canadian audience.
John Levy (theScore’s CEO and Chairman) commented on the situation, stating that the company is showing determination and momentum in 2021 Q3. The period will help the company break more records with its solid gaming handle performance. With a successful public listing and initial public offering, the entire team is focusing on establishing theScore as an esteemed, integrated supplier of sports betting and online sports media throughout Canada and the United States.
Seeing theScore’s commitment towards expansion, the upcoming quarter will certainly bring success to them. Additionally, the market is going through a surge in sports betting adoption, which will also aid the company’s motives.