NEW YORK (TheStreet) -- Shares of Viggle Inc. (VGGL) are up 52.17% to $2.45 today on heavy trading volume after reporting first quarter fiscal 2015 revenue grew 49% to $6.476 million from $4.338 million a year ago.
For first quarter of fiscal 2015, Viggle reported an adjusted EBITDA loss of $7.8 million as compared to an adjusted EBITDA loss of $5.9 million a year earlier.
The entertainment marketing and rewards platform company said total reach was 26.2 million and active reach was 10.3 million in September 2014. The Viggle platform's net registered users surpassed 7 million during the quarter, which was an increase of 112% from the same quarter of the prior year.
Additionally, as of the first quarter of fiscal 2015, Viggle users have checked into 428,497,868 TV programs and over 75 million songs using the new Viggle Music service.
Viggle is an incentive-based, interactive loyalty program and application that seeks to enhance the television viewing experience and make television more rewarding for viewers, advertisers and producers.