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theScore Q3 F2019 Conference Call & Webcast Presentation


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A review of theScore's Q3 F2019 results.

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theScore Q3 F2019 Conference Call & Webcast Presentation

  1. 1. Earnings Webcast Q3 F2019 July 24, 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 May 31, 2019.
  3. 3. Q3 F2019 Overview 3
  4. 4. Highlights included: • The Company achieved a new Q3 revenue record of $8.5 million – up 18% YoY - with this growth primarily the result of strong performances from our Canadian and U.S. direct sales businesses. • We achieved a new Q3 record for average monthly user sessions on theScore app. Average monthly sessions reached 395 million during Q3 F2019, with users opening it an average of 102 times a month each. • Our social content achieved a new quarterly record, with an average monthly reach of approximately 100 million users in Q3 F2019. • Our esports audience continued to show impressive growth, with total video views hitting a new quarterly record of 64 million. 4 Q3 F2019 Overview
  5. 5. 5 • On schedule to launch a best-in-class mobile sportsbook that’s been purpose-built for the North American market, subject to receiving all relevant approvals and licenses. • Launching in New Jersey, while continuing to explore other opportunities for market access in other U.S. states that make strategic sense. • theScore’s sportsbook is going to deliver a unique mobile betting experience that will be tightly integrated with our core media app. • This will create a powerful ‘media plus sports betting’ app ecosystem under a brand that’s already trusted by millions of sports fans. • theScore is going ‘all in’ on sports betting! Sports Betting Update
  6. 6. Product and Content 6
  7. 7. 7 Product & Content • Implemented full coverage of the FIFA Women’s World Cup and Copa America tournaments. • Added ‘Betting Info’ tabs into the box score pages for MLB, providing us with dedicated sports betting coverage within every box score for all four of the major leagues. • Preparing integrations between theScore media app and sports betting app, developing smart and strategic touchpoints to facilitate seamless movement for our users between our media and betting apps.
  8. 8. 8 Product & Content • During Q3, we continued to build out our sports betting content team ahead of the launch of our betting app: • Hired a new US-based Supervising Editor of Sports Betting. • Hiring more sports betting specialists for our editorial team to deliver more betting-focused content to our audience. • Continued development of theScore X video series, dropping a feature with NBA star Austin Rivers in Q3.
  9. 9. 9 • In Q3, we reached ~100 million sports fans across Facebook, Instagram, and Twitter, representing YoY growth of 161%. • Highlights included on-the-ground activations around the NBA playoffs and finals. • Our growth and engagement on these channels has caught the attention of our brand partners, with with the likes of Honda, Disney, Subway, Werner Ladder, and Warner Brothers in Canada, and Bose in the US, all adding social integrations as part of lucrative advertising campaigns with us. Product & Content
  10. 10. 10 theScore’s esports video content continued to demonstrate strong year- over-year growth in Q3 F2019: • Total video views in Q3 reached a new single quarter record of 64 million, representing YoY growth of 188%. • Total watch minutes for theScore esports’ YouTube channel were 332 million, representing YoY growth of 170%. • An additional 125,000 YouTube subscribers were added during the period, with channel subscribers surpassing 820,000 earlier this month. • Launched a new franchise called ‘Don’t @ Me’ which has shown great early promise, joining a growing list of other high performing franchises. Additional series coming soon to support our growth. Product & Content
  11. 11. Financials 11
  12. 12. 12 Q3 F2019 Q3 F2018 Revenue $8,463 $7,194 Operating Expenses $9,583 $7,239 EBITDA $(1,120) $(45) • Revenue for Q3 F2019 was $8.5 million vs. $7.2 million for the same period in the previous year, with growth primarily the result of strong performances from U.S. and Canadian direct sales. • Revenue for the YTD of F2019 was $24.7 million vs. $22.6 million for the same period in F2018. • Expenses for the quarter were $9.6 million compared to $7.2 million for the same period in the previous year, with the increase largely driven by expenditures related to the development of our U.S. sports betting business. • Finished Q3 F2019 with cash of $6.5 million and $5 million of revolving credit facility that remains undrawn. YTD F2019 YTD F2018 Revenue $24,714 $22,645 Operating Expenses $27,056 $22,675 EBITDA $(2,342) $(29) Financials
  13. 13. 13 Q&A