Genius Sports Reports First Quarter 2022 Results Above Guidance

By Genius Sports Press | 12 May 2022

  • Delivered Group Revenue of $85.9m, outperforming first quarter outlook by 10%
  • Group Adjusted EBITDA of ($2.9m), exceeding first quarter outlook by 42%
  • Reaffirmed 2022 Group Revenue and Group Adjusted EBITDA outlook of $340m and $15m, respectively, and 2023 outlook of $430m to $440m and $40m to $50m, respectively 

Genius Sports Limited (NYSE:GENI) (“Genius” or “GSL” 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 first quarter ended March 31, 2022.

“Our strong first quarter is a result of successful execution,” said Mark Locke, Genius Sports Co-Founder and CEO. “We began 2022 with a comprehensive Investor Day, outlining our strategic plan and underlying assumptions supporting our financial outlook. Our financial and operational achievements in the quarter demonstrate our ability to deliver on that plan and increase our competitive advantages through unique and proven technology.”

 

$ in thousands

Q122

Q121

%

Group Revenue

85,923

53,738

59.9%

Betting Technology, Content & Services

49,721

38,955

27.6%

Media Technology, Content & Services

24,129

9,377

157.3%

Sports Technology & Services

12,073

5,406

123.3%

Group Adj. EBITDA

(2,893)

9,258

(131.2%)

Group Adj. EBITDA Margin

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17.2%

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See the full release here.