Genius Sports Group Revenue and Adj. EBITDA Beats Second Quarter 2022 Guidance

By Genius Sports Press | 16 Aug 2022

  • Genius Sports beats Group Revenue and Group Adjusted EBITDA guidance for the second consecutive quarter
  • Group Revenue of $71.1m ($75.0m at guidance exchange rate1 $68.0m guidance)
  • Group Net loss of $4.8m and Group Adjusted EBITDA of $8.4m ($9.0m at guidance exchange rate1 $8.0m guidance)
  • U.S. revenue nearly quadrupled year-on-year in the six months ended June 30, 2022

Genius Sports Limited (NYSE:GENI) (“Genius Sports” or the “Group”), the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal 2022 second quarter ended June 30, 2022.

“We remain highly focused on delivering profitable growth and have executed ahead of expectations through the first half of the year. We continue to utilize our partnerships and unique technology to yield strong results and build upon our commercial strategy,” said Mark Locke, Genius Sports Co-Founder and CEO. “We have maintained steady EBITDA profitability globally and established a leading position within the U.S., all while achieving EBITDA profitability at the group level. Genius has strong momentum and we feel confident in the continued execution of our strategic plan.”

$ in thousands

Q222

Q221

%

Constant currency %

Group Revenue

71,117

55,849 27.3%

42.0%

Betting Technology, Content & Services

44,831

40,673 10.2%

22.9%

Media Technology, Content & Services

14,999

7,986 87.8%

109.4%

Sports Technology & Services

11,287

7,190 57.0%

75.0%

Group Net loss

(4,755)

(464,164) 99.0%

98.9%

Group Net loss Margin

nm

nm nm

nm

Group Adjusted EBITDA

8,362

5,191 61.1%

79.6%

Group Adjusted EBITDA Margin

11.8%

9.3% 2.5%

2.5%

 

$ in thousands

1H22

1H21

%

Constant currency %

Group Revenue

157,040 109,587 43.3% 53.0%

Betting Technology, Content & Services

94,552 79,628 18.7% 26.8%

Media Technology, Content & Services

39,128 17,363 125.4% 140.6%

Sports Technology & Services

23,360 12,596 85.5% 98.0%

Group Net loss

(44,953) (469,486) 90.4% 89.8%

Group Net loss Margin

nm nm nm nm

Group Adjusted EBITDA

5,469 14,449 (62.1%) (59.6%)

Group Adjusted EBITDA Margin

3.5% 13.2% (9.7%) (9.7%)

 

1 Guidance exchange rate assumes comparable GBP:USD exchange rate of 1.35 at time of initial forecast in January 2022

nm = not meaningful

See the full release here.