10 Updates

Mobile Sports App TheScore Reveals Second Quarter Revenue Of $1.9 Million

Apr 9 2014, 7:52pm CDT | by

Toronto, Canada-based theScore, Inc. has released its Fiscal 2014 second quarter results, which reveal that the corporation behind theScore , a leading mobile sports app, is off to a great start in...

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15 weeks ago

Mobile Sports App TheScore Reveals Second Quarter Revenue Of $1.9 Million

Apr 9 2014, 7:52pm CDT | by

Toronto, Canada-based theScore, Inc. has released its Fiscal 2014 second quarter results, which reveal that the corporation behind theScore , a leading mobile sports app, is off to a great start in the new year.  The corporation’s revenue for the 3 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 6 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 3 and 6 months ended February 28, 2014 increased by 143% and 112% respectively compared to the same periods in the previous year.

The healthy increases in revenue are likely a result of a combination of elements, including an expansion in theScore’s active users, more unique features surrounding major sporting events and advertisers becoming more comfortable with advertising in the mobile space.

Average monthly active users of theScore’s mobile platforms reached 5 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.

Former and new users were likely enticed by the plethora of new offerings on theScore’s mobile app.  In the past year, theScore launched a ‘Feed’ feature within 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.  It also introduced special features for this year’s NCAA Men’s Basketball tournament, including an “upset tracker,” which alerted fans through push notifications on their phones when a lower-ranked team was ahead at half-time, with 5:00 minutes left or at the end of a game.

“It’s events like [the NCAA Tournament] where theScore really shines,” said John Levy, Chairman and CEO of theScore, Inc. “Whether you’re following your teams through the bracket or just putting down the odd wager with a buddy, theScore’s mobile-first coverage of personalized news, scores and information is your perfect companion.”

The executives at theScore are trying to upend the way fans get their sports information on their phones.  This is leading to more active users and intrigued advertisers.  The consequence is an increase in revenue and more lofty projections.

Want to learn more about the business of sports? Order my book How to Play the Game  and follow me on Twitter .

Follow @DarrenHeitner

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakya ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Sydney FC v West Ham United - Football United New Zealand Tour 2014
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken in ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewa ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri Hishammuddin Husse ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states last m ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in com ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk S ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an allocation of RM20 million. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Schem ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kid ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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