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theScore widens quarterly loss despite strong media revenue growth

14th July 2021 11:25 am GMT
Score Media and Gaming
Playtech

Toronto-listed Score Media and Gaming has has widened its quarterly loss after generating negative results from betting and gaming.

The company reported a 170 per cent increase in total revenue to CAD$6.4m for its financial third quarter ended 31 May.

Media revenue soared by 270 per cent year-on-year to a record $8.9m, although this was offset by negative net gaming revenue of $2.5m after taking into account promotional costs and fair value adjustments on unsettled bets.

This [...]

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