Score Media and Gaming Inc. soon may be making a move to list its stock on an exchange in the United States.
According to a report from the Bloomberg News Network, the Canadian company plans to ask its shareholders to approve a share consolidation at its annual meeting Wednesday.
As Canada makes moves toward legalizing single-event sports betting, Score’s stock has surged so far this year. The company is publicly traded on the Toronto Stock Exchange (SCR).
Score Media offers digital media and sports betting products. Its media app, “theScore,” features live scores, news, statistics and betting information users can personalize to their favorite teams, leagues and players.
Score’s mobile sports betting app, “theScore Bet,” currently is available in New Jersey, Colorado and Indiana.
The company also creates and distributes digital content through its web, social and esports platforms.
In its most recent earnings report, released in January and covering the three months ending November 30, 2020, theScore said handle on its sports betting app was $55.8m in the first quarter of its fiscal year 2021, up 535% year-over-year from the same quarter one year earlier.
The company also reported marking a record quarter for media revenue, generating $10.6m in its most recent quarter, thanks to “strong growth” in direct advertising sales in both the US and Canada.
The company added it had 3.9m average monthly active users and 458m average monthly user sessions on theScore app on iOS and Android during the most recent quarter, or 116 average monthly sessions per user.
