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theScore Q1 F2019 Conference Call & Webcast Presentation


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theScore Inc's Q1 F2019 earnings results, as presented on January 23, 2019.

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theScore Q1 F2019 Conference Call & Webcast Presentation

  1. 1. theScore – Earnings Webcast Q1 F2019 January 23, 2019
  2. 2. 2 All statements other than statements of historical facts included in this presentation may constitute forward-looking information and are based on the best estimates of Management of the current operating environment. These forward-looking statements are related to, but not limited to, theScore’s operations, anticipated financial performance, business prospects and strategies. Forward looking information typically contains statements with words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘expect’’, ‘‘plan’’, ‘‘estimate’’, ‘intend’’, ‘‘will’’, ‘‘may’’, ‘‘should’’ or similar words suggesting future outcomes. These statements reflect current assumptions and expectations regarding future events and operating performance as of the date of November 30, 2018.
  3. 3. Q1 F2019 Overview 3
  4. 4. • The Company achieved record quarterly revenue in Q1 F2019 of $9.5 million compared to $8.4 million in Q1 F2018, growth of 13%. • Revenue growth supported by a record quarter for Canadian direct sales and a strong performance by our U.S. programmatic business. • The Company achieved record quarterly EBITDA in Q1 F2019 of $1.0 million compared to EBITDA of $0.5 million in F2018. 4 Q1 F2019 Overview
  5. 5. • Total average monthly active user sessions of theScore mobile app on iOS and Android achieved a new quarterly record of 469 million in Q1 F2019. Total average monthly app sessions per user for theScore app on iOS and Android for Q1 F2019 grew to 111. • Total average monthly active users of theScore mobile app on iOS and Android were 4.2 million in Q1 F2019. 5 Q1 F2019 Overview
  6. 6. 6 • Made history by becoming the first North American media company to announce plans for a U.S. mobile sportsbook. • Sports betting has long been part of theScore’s DNA – putting us in a position of strength following the repeal of the Professional and Amateur Sports Protection Act (PASPA). • Sports betting is part of a fan’s overall experience in how they consume sports – providing the ability to bet on games was the next natural step for us. Sports Betting Update Source: Forbes, December 2018 Source: Legal Sports Report, December 2018
  7. 7. 7 • theScore is strongly positioned to succeed in sports betting: • Our large and engaged app audience spans every single U.S. state and highly indexes with sports betting enthusiasts. • The rapid growth of mobile and in-game wagering, which perfectly aligns with our product expertise. • Agreement with Darby Development, operator of Monmouth Park racetrack, provides us with market access in New Jersey. • theScore has also partnered with the experienced team from igaming and sportsbook provider Bet.Works to supply the Company with sportsbook and casino technology, as well as provide certain operational services. Sports Betting Update
  8. 8. Product and Content 8
  9. 9. 9 Product and Content Community Features • Introduced new and exclusive community features to theScore app, designed to better connect our community of fans. • Launched ‘Public Chat’ functionality on matchup pages of all team sports, allowing fans to comment on the action as it unfolds. 2.2 million users have interacted with the feature since launch. • In December, extended Chat features to ‘Follow Together’ – a new and unique way of messaging that allows fans to follow the teams they love with the people they care about. • Plan to further develop community features, including article commenting and betting polls.
  10. 10. 10 • Significantly expanded our sports betting content and data offering. • Added dedicated sports betting tab to all NFL matchup pages, providing a quick view of odds, lines, and other sports betting-related content at-a-glance. • Added ‘exclusive’ Betting News section and NFL Fantasy News section to our League menu. • Expanding tabs to other major leagues in the coming year. Product and Content Sports Betting Features
  11. 11. 11 • Video views continue to trend upwards, achieving 40.3 million total video views in Q1 F2019, up 123% year-over-year. • theScore esports’ YouTube channel comfortably beats other high-profile esports-focused channels for views. • Watch Minutes of theScore esports’ YouTube channel reached 296 million in Q1 F2019, growth of 867% year-over-year. • Subscribers to theScore esports’ YouTube channel exceeded 500,000 in Q1 F2019, and is now closing in on 600,000. • theScore esports won ‘Best Category Specific YouTube Channel’ in the Cynopsis Model D Awards, beating The Ellen Show and The Starters YouTube channels. • Hired new US-based VP Sales for esports to support monetization opportunities. Product and Content Esports Data provided by Social Blade, (October 2018): Data provided by Periscope, (October 2018):
  12. 12. 12 • Achieved average monthly reach of ~67 million during Q1, including a new single month record of ~77 million in November. • Facebook drove significant reach during the quarter, powered by engagement of video content created and shared there. November was a record for FB reach in 2018. • theScore continues to outperform our larger competitors on audience engagement. Product and Content Social
  13. 13. Financials 13
  14. 14. Financials 14 Q1 F2019 Q1 F2018 Revenue $9,475 $8,351 Operating Expenses $9,339 $8,787 EBITDA $964 $531 • Revenue for Q1 F2019 grew 13% to $9.5 million versus $8.4 million for the same period the previous year. • Achieved EBITDA of $1.0 million versus $0.5 million the previous year, driven by revenue growth in Canadian sales business as well as strong year-over-year growth of our U.S. programmatic business. • Finished Q1 F2019 with cash of $11.7 million versus $6.3 million at the end of Q4 F2018. Improved cash position reflects completion of $8.5 million private placement in this quarter. Nov 30, 2018 Aug 31, 2018 Cash $11,736 $6,347 Current Assets $22,458 $13,264 Working Capital $18,347 $9,554
  15. 15. 15 Q&A