Why Score Media and Gaming Struck Out Today
Score Media and Gaming (NASDAQ: SCR), aka "theScore," didn't put many points on the board Wednesday. The Canadian sports media and gambling services company's stock fell by almost 10% on the back of discouraging quarterly results.
For its third quarter, Score earned 6.4 million Canadian dollars ($5.1 million) in revenue. While its media operations brought in CA$8.9 million ($7.1 million), this was offset by a negative result for gaming at CA$2.5 million ($2 million). Regardless, the total result was more than double Q3 2020's CA$2.4 million ($1.9 million).
Image source: Getty Images.
Source Fool.com
