The Score sees third-quarter growth
The mobile sports app company also announced a restructuring of its leadership team.
The Score has released its third-quarter financial results, which show that revenue for the three months ended May 31 came in at $1.37 million, up from $1.15 million in the same period last year.
Additionally, revenues over the past nine months ended May 31 have seen a 39% increase over last year, climbing to $3.97 million from $2.86 million.
The number of average monthly users on The Score’s mobile platforms also saw growth, rising to 4.5 million compared to 3.6 million users the year previous.
In May, The Score recorded one million subscribers to its breaking news alerts on iOS and Android and also announced $16 million in private placement financing.
“Accelerating user growth remains our top priority, and our recent private placement financing has allowed us to significantly bolster our product development and content teams. We can’t wait to unveil our next game-changing features this fall,” said John Levy, chairman and CEO, theScore, in a statement.
In other news, The Score has also announced a restructuring of its leadership team, which will see current EVP and COO, Benjie Levy appointed president and COO to develop and execute The Score’s business strategy and manage its operations.
VP of product Jonathan Savage has been named SVP of product, and will lead the development and design of The Score’s products and services and manage its product development, engineering, growth and analytics teams.
Meanwhile VP of US sales Ethan Ross has been appointed SVP of sales and assume responsibility for The Score’s global ad sales efforts, and current director of content Joe Ross has been named VP of content and will be responsible for The Score’s content strategy and overseeing the company’s editorial and original content teams.