theScore reports record first quarter

Business News

Sports media and betting company theScore announced a 535% year-over-year gaming handle increase in Q1, reaching $55.8 million for the three months ended November 30, 2020.

In September theScore also began a multi-state expansion of theScore Bet, launching in both Colorado and Indiana, and are set to launch in Iowa in the coming weeks, subject to regulatory approval.

theScore esports achieved a third-successive record-breaking quarter for video views. Total views of theScore esports’ video content across all platforms reached a new all-time quarterly record of 357 million in Q1 F2021, year-over-year growth of 355%.

“Our new fiscal year is off to a stellar start, including our best-ever quarter for media revenue, exponential handle growth on theScore Bet, and yet another record period for our esports operations,” said John Levy, Founder and CEO of theScore.

“We continue to deepen our market-leading media and betting integrations and achieved year-over-year handle growth of 535% on theScore Bet. While still in the early stages of this fast-growing industry, we are steadily strengthening our expanding footprint in the North American sports betting market. Now, following successful recent launches in Colorado and Indiana, we’re on track to launch in Iowa in the coming weeks, subject to regulatory approval.

“We’re also diligently preparing for the enormous opportunity in Canada ahead of the anticipated creation of a fully-legalized and regulated sports betting and iGaming market in Ontario. theScore is Canada’s most popular mobile sports brand with millions of loyal media app users across the country and we are eager to deploy our cutting-edge technology and launch our best-in-class sportsbook experience to fans in our home territory.

“theScore is uniquely positioned, both in the U.S. and Canada, as the only truly integrated mobile media and gaming company.  Based on the continued development of theScore and the growth of the sports betting industry across North America, in our view it is timely to consider a listing on a U.S. stock exchange. We believe that access to the U.S. capital markets would provide compelling benefits for theScore and our shareholders.”