Score Media And Gaming Misses On Q3 Earnings

  • Score Media and Gaming Inc SCR reported third-quarter FY21 revenue growth of 170% year-on-year at $5.19 million (C$6.4 million), missing analyst consensus of C$9.15 million.
  • Media revenue rose 270% Y/Y to C$8.9 million, partially offset by unfavorable net gaming revenue of C$(2.5 million). 
  • The integrated sports media and betting approach powered gaming handle of C$73 million on theScore Bet, including C$30.8 million wagered in March, represented its single biggest handle month to date.
  • User sessions rose 19% to 470.2 million in Q3 FY21 compared to Q3 FY19.
  • The EPS loss of C$(0.78) missed the analyst consensus loss of C$(0.24).
  • EBITDA loss declined 141.8% Y/Y to C$(21.1 million).
  • It held C$235.4 million in cash and equivalents.
  • The company used C$47.5 million in operating cash flow during the nine months ended in May. 31.
  • Price action: SCR shares closed lower by 2.51% at $22.11 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: EarningsNewsSmall CapTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!