By Genius Sports Press 
- Delivered record high Q3 revenue of $69.1m, growing over 70% year-over-year
- Announced strategic partnerships with Entain/BetMGM, FanDuel, Golden Nugget, Hard Rock Digital, Penn/Barstool Sportsbook, and PointsBet, in addition to Caesars, DraftKings, WynnBet, and 888/SI Sportsbook, to provide our full range NFL-related products
- Over 97% of the U.S. market now using NFL data exclusively through Genius
- Increasing 2021 Group Revenue guidance from $255-$260m to $257-$262m, equating to over 70% year-on-year growth at the midpoint
Genius Sports Limited (NYSE:GENI) (“Genius” or “GSL”), the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal 2021 third quarter ended September 30, 2021.
“Genius Sports’ growth is accelerating at an unprecedented level that far surpasses our original expectations. We are capturing more opportunities than ever before, underpinned by the broad adoption of official data by the entire ecosystem,” said Mark Locke, GSL Co-Founder and CEO. “While only months into our first NFL season, we are even more confident of the long-term prospects of the partnership. We are transforming the global sports betting market through our progressive investment in technological innovation, and we will continue to do so for years ahead.”
Nick Taylor, GSL CFO, added, “We’ve positioned the business for continued success, giving us great confidence in raising our 2021 revenue outlook. We anticipate continued strong revenue growth as the market continues to expand and evolve, while preserving the option to reinvest in the business to fund strategic growth initiatives and drive long-term sustainability and scale. This early stage of our growth cycle presents a window of opportunity to invest in the future success of the business, and we’re excited to continue building towards our strategic vision.”
| $ in thousands | Q321 | Q320 | % | YTD21 | YTD20 | % |
| Group Revenue | 69,136 | 40,556 | 70.5% | 178,723 | 102,722 | 74.0% |
| Betting Technology, Content & Services | 43,644 | 29,580 | 47.5% | 123,272 | 75,353 | 63.6% |
| Sports Technology & Services | 11,594 | 4,484 | 158.6% | 24,190 | 11,808 | 104.9% |
| Media Technology, Content & Services | 13,898 | 6,492 | 114.1% | 31,261 | 15,561 | 100.9% |
| Group Adj. EBITDA | (392) | 9,382 | (104.2%) | 14,057 | 13,475 | 4.3% |
| Group Adj. EBITDA Margin | nm | 23.1% | nm | 7.9% | 13.1% | (5.2%) |