theScore's Q2 F2019 earnings presentation, which was delivered on April 17 2019.

1. theScore – Earnings Webcast
Q2 F2019
April 17, 2019

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All statements other than statements of historical facts included in this
presentation may constitute forward-looking information and are based on
the best estimates of Management of the current operating environment.
These forward-looking statements are related to, but not limited to,
theScore’s operations, anticipated financial performance, business
prospects and strategies. Forward looking information typically contains
statements with words such as ‘‘anticipate’’, ‘‘believe’’, ‘‘expect’’, ‘‘plan’’,
‘‘estimate’’, ‘intend’’, ‘‘will’’, ‘‘may’’, ‘‘should’’ or similar words suggesting
future outcomes. These statements reflect current assumptions and
expectations regarding future events and operating performance as of the
date of February 28, 2019.

3. Q2 F2019 Overview
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4. • Achieved revenue in Q2 F2019 of $6.8 million versus $7.1 million in Q2 F2018.
• Very strong Q1 for the Company was followed by quarter with lower direct sales and industry-wide softness in
the programmatic advertising space.
• Seeing very good early momentum in Q3 with strong sales in the quarter to date.
• Revenue for the first half of F2019 was $16.3 million versus $15.5 million for the same period in F2018.
• EBITDA loss in Q2 F2019 was $2.2 million versus a loss of $0.5 million in the same period the previous year.
• Increase in EBITDA loss for the quarter primarily the result of increased sports betting-related expenses.
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Q2 F2019 Overview

5. • Total average monthly active user sessions of theScore mobile app
on iOS and Android reached a new Q2 record of 395 million in Q2
F2019.
• An average of 97 sessions-per-user-per-month on a base of 4.0
million average monthly app users.
• Testament to highly-engaging app experience and our ability to
acquire and retain higher quality users.
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Q2 F2019 Overview

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• theScore is on schedule to launch mobile sportsbook in mid-
2019 in New Jersey, subject to receiving all required licenses
and approvals.
• Significant focus in Q2 on product development and set-up of
operational infrastructure.
• Since sports betting was legalized in New Jersey in mid-June
last year, almost $2B has been wagered there, with mobile and
online sports betting revenue accounting for four times the
amount wagered in retail sportsbooks. (Source: Associated
Press, March 2019).
• Unique combination of sports media and sports betting will
provide a truly differentiated offering.
• theScore also supports plans by Ontario government to legalize
online gaming in the province, including its call to legalize
single-event wagering at the federal level.
Sports Betting Update

7. Product and Content
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• Made further enhancements to theScore’s social features.
• Incorporated betting polls into public chat, allowing
fans to engage around over/under and moneyline
predictions.
• Added ability to comment on articles in-app.
• Continued to expand our sports betting content and data
offering.
• Expanded our sports betting tab, which was launched
with NFL in Q2, to NBA and NCAA basketball matchup
pages. Includes a quick view of odds, lines, and other
sports betting-related content at-a-glance.
• Focus for Q3 F2019 will be further expansion of betting tab
into NHL and MLB sections, as well as adding support for
events including Women’s World Cup and Copa America
Soccer.
• theScore app nominated for a Webby Award in the Best
Sports App category.
Product and Content

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• Expanding our sports betting editorial coverage
with new hires in advance of launch of sports
betting platform.
• Enhancing coverage capability in select areas,
including combat sports and college sports.
• Released new instalment of theScore X video
series featuring Austin Rivers; also
experimenting with new video content formats.
Product and Content

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• Achieved average monthly reach of ~95 million users during
Q2, including a new single month record of ~118 million users
in January, propelling theScore to fourth position for top U.S.
sports media on social.
• Engagement on our social channels is also leading to
advertising opportunities there, with recent deals struck with
brands including Werner Ladder, Subway, Tim Hortons, and
Disney.
• theScore’s Instagram account shortlisted for Best Sports Social
at The Webby Awards, described as ‘the leading international
award honoring excellence on the internet.’ Winners
announced April 23
• theScore Instagram was also named as a finalist in the
Cynopsis Sports Media Awards for Best Use of Instagram.
Winners announced April 25.
Product and Content

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• theScore esports video content continued to
demonstrate strong year-over-year growth in Q2
F2019.
• Total video views were 39.2 million, up 93%
YoY.
• Total watch minutes for theScore’s YouTube
channel were 260 million, growth of 190% YoY.
• Channel subscribers now surpass 700,000.
Product and Content

12. Financials
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13. Financials
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Q2 F2019 Q2 F2018
Revenue $6,776 $7,099
Operating Expenses $9,754 $8,643
EBITDA $(2,189) $(519)
• Revenue for Q2 F2019 was $6.8 million versus $7.1 million for the same period the previous year. Revenue decrease for the quarter was the
result of lower direct sales following a very strong Q1 and industry-wide softness in the programmatic advertising space.
• Revenue for the first half of F2019 was $16.3 million versus $15.5 million for the same period in F2018.
• Seeing very good early momentum in Q3 with strong sales in the quarter to date.
• Growth in expenses loosely driven by development of sports betting business.
• Finished Q2 F2019 with cash of $8.3 million and $5 million revolving credit facility (undrawn).
1H F2019 1H F2018
Revenue $16,251 $15,450
Operating Expenses $19,090 $17,430
EBITDA $(1,222) $14

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Q&A