SportsLine’s Revenues Increase; Losses Decrease

A day after it announced sale to Viacom, Sportsline’s Q2 results came out: revenues grew to $10.6 million, a 20% increase compared to the $8.8 million of revenue in the year-ago quarter. The company’s net loss was reduced 25% to $10.0 million, compared to $13.3 million in the year-ago quarter.

Ad and marketing services revenue increased 16% to $8.7 million; subscription and premium products revenue grew by 40% to $1.8 million.

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