RE:RE:RE:RE:Q2 Financial ResultsYes, I was pleasantly surprised by how well the metrics of the traditional business performed this and even last Q. The media app ( advertising ) is a solid source of revenue our competitors do not have and it has really supported SCR’s financials as it transitions to the betting vertical. Even at a cash burn rate of $17M loss/Q, the $180M will buy us enough lipstick to see us through until we are more established and sexy.
Everything is increasing at SCR – advertising, gaming handle, number of states licenced, ….and unfortunately losses – everything is going according to Levy’s long term plan !