Playmaker’s second quater results show moderate growth
Playmaker the Toronto-based digital sports media company, today reports its financial results for the second quarter ended June 30, 2021.Revenue was $3.0 million in Q2 2021, compared to $nil in Q2 2020.
Operating income was $0.4 million in Q2 2021, compared to operating loss of $0.1 million in Q2 2020. Pro forma adjusted EBITDA was $1.6 million in Q2 2021, an increase from $8,410 in Q2 2020. For the six months ended June 30, 2021, pro forma adjusted EBITDA increased to $2.8 million from $0.3 million in the same period of 2020.
We are very excited to share our second quarter results. Our teams are hitting on all cylinders. The organic growth of our Futbol Sites business has been exceptional and in July we added Yardbarker, a company that has experienced very strong year-over-year growth to date. Our pipeline remains robust and we have a strong balance sheet with currently over $13.0 million of cash and zero debt. We remain focused on profitable growth, both organic and through acquisition” said Jordan Gnat, Founder and CEO of Playmaker.