Playmaker Capital sees Q2 revenue rise 53% to $12.6m
The company has also seen high numbers of streams and unique monthly users in its Yardbarker, Futbol Sites and The Nation Network brands.
Playmaker Capital has reported its Q2 financial results, posting revenue of $12.6m, an organic increase of 53% year-on-year. The digital sports media company’s financial report said Q2 was spent focused on its “five strategic priorities” before the “sports-heavy Q3.”
The priorities included improving internal processes, expanding syndication networks, refining video production, enhancing monetization and extending strategic partnerships.
Mike Cooke, CFO of Playmaker said, “Though Q2 falls during a quiet period in the sporting calendar, we are very excited to have delivered another quarter of strong top-line growth.”
Playmaker Capital’s partnership with Futbol Sites achieved over 300 million sessions this quarter, with the company representing the National Women’s Championship as an official media partner. Yardbarker received a monthly average of 8.9 million unique users this quarter as well, which was a 52% rise from Q2 last year.
The largest increase in traffic was to The Nation Network, which received 5.1 million streams in the second quarter, more than tripling the amount of streams year-on-year; June alone recorded 2.02 million streams.
Playmaker Capital also posted an adjusted EBITDA, excluding its corporate segment, of $3.3m, which increased 24% on a pro forma basis from Q2 2022. Including the corporate segment, the adjusted EBITDA posted was $2.2m, a yearly increase of 34%.
The company also recently acquired Quebec-based La Poche Bleue, expanding its presence in both Canada and North America overall. Playmaker Capital expects a “growing lineup of video podcasts” to aid the business during the upcoming National Hockey League season.
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