Viggle Inc. reported earnings results for the third quarter ended March 31, 2013. For the period, the company generated $3.395 million in revenue, a 510% increase compared to $0.556 million for same period a year ago. The growth over last year is due to the continued acceptance of Viggle among advertisers and networks. Adjusted LBITDA was $8.803 million as compared to $6.451 million in second quarter of 2013, as compared to an adjusted LBITDA of $8.484 million in first quarter of 2013. The sequential increase in EBITDA losses is directly attributable to an increase in marketing spending to grow Viggle's user base, $594,000 legal fees plus the $500,000 break-up fee for ending a proposed merger with GetGlue, and a decline in revenues, partially offset by a slight decrease in the cash cost of rewards. Operating loss was $43.4 million.

Viggle Inc. appointed Christopher Traynor as Chief Technology Officer. Previously, Mr. Traynor was Chief Architect and CTO Group for IPC Inc. In this role, Mr. Traynor will be creating Viggle LABS, a second-screen thought leadership initiative within Viggle.

Viggle Inc. announced that effective May 6, 2013, Benjamin Chen resigned from the Board of Directors of the company.