Net loss reaches $14.6m for theScore in H1
![Scout Q1](https://igamingbusiness.com/img-srv/874uQzjFi_eKkh1rtoL5_Wz6p7iUoCTrn0UwDwUaQ8w/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOC9jaGFydC0yNzc5MTY0XzE5MjAyLmpwZw.webp)
Canadian media business theScore has revealed that an increase in spending, mainly related due to its expansion efforts in North America, led to it posting a net loss of $14.6m in the first half of its financial year.
Revenue in the six months to February 29, 2020 amounted to $15.9m, a decline of 2.5% on the corresponding period in the previous year.
Gross gaming revenue for the first half amounted to $685,000 from a handle of $22.6m, but when taking into account all promotional costs and fair value adjustments on unsettled bets, this resulted in negative net gaming revenue of $221,000.
Revenue from media activities totalled $16.1m, down from $16.3m last year, with theScore saying that growth in direct advertising revenue was offset by a decline in programmatic revenue.
Read the full story on iGB North America.