theScore posts higher revenue in Q4 2016 but still records a net loss


theScore delivered its Q4 2016 and year-end results this morning, posting improved revenue and usage stats.

Quarterly revenue hit $5 million, an increase of 70 percent from the $2.9 million it made this same time last year. Meanwhile, total revenue for the year hit $23.9 million, an impressive 94 percent increase from the $12.4 million the company made in 2015.

All of the company’s revenue was derived from ad sales, and there too theScore saw positive growth with quarterly ad revenue increasing by 70 percent.

theScore didn’t provide as much information on app usage as it has in past years, but it did note that all of its apps together averaged 4 million monthly active users, a nine percent year over year increase. Likewise, average monthly mobile sessions also increased, by 32 percent in this case, hitting 278 million for the quarter.

However, the company still lost money on both the quarter and year — $5.2 million and $16.9 million, to be exact. In fact, theScore losses were actually higher in 2016 than they were the same time last year when the company reported a $4.6 million quarterly and $13.5 million yearly net loss.

“In just three years we have more than quadrupled our annual revenue, doubled in-app engagement, and firmly established theScore as a leader in mobile sports in North America,” said John Levy, the company’s founder and CEO. “We remain on track to deliver on our long-term vision of making theScore a profitable and self-sustaining business and we are excited by what the future holds.”

In June, former CBC and Twitter executive Kristin Stewart joined the company’s board of directors.

Related: theScore’s sports chatbot launches on Facebook Messenger