SCR - The Score Media is the #1 sports mobile app in Canada, and #2 sports mobile app in the US following ESPN. The company is extremely active on social media with a monthly reach of 104M users. Currently, SCR has a 20 year agreement with PENN, granting their sports betting platform access to 11 US states and PENN has an equity investment of 4.7% of the company. They have also successfully raised $25.6M through an equity offering to help capitalize growth. If Canada approves legal sports betting, SCR is primed to be the industry leader in the space. It has had a huge run thus far but can push higher with continued positive momentum with sports betting legalizations across the United States. On their last earnings call it was noted that they are exploring options to list on the US stock exchange, which will further push investor momentum in the short term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.