By Genius Sports Press 
Genius Sports Q4 Earnings 2023 Graphic
- 2023 Group Revenue increased 21% to $413m, exceeding initial guidance of $391m
- 2023 Group Adj. EBITDA more-than-tripled to $53m, also exceeding initial guidance of $41m (Group Net Loss of $86m)
- 2023 Group Adj. EBITDA margin increased by over 800bps year-over-year to 13%
- Q4 2023 Group Revenue of $127m and Group Adj. EBITDA of $12m, surpassing guidance and representing 21% and 349% growth, respectively (Q4 Group Net Loss of $38m)
- 2023 year-end cash position of $126m, an increase of $11m compared to June 2023
- Expecting 2024 Group Revenue and Adj. EBITDA of $480m and $75m, representing 16% and 41% year-over-year growth, respectively, and nearly 300bps of margin expansion
- Expecting to generate positive cash flow for the entirety of 2024
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 fourth quarter and full year ended December 31, 2023.
“We are excited to report our eighth consecutive quarter of financial results above expectations, while demonstrating the increasing profitability of our business model and our ability to consistently execute on our strategic objectives,” said Mark Locke, Genius Sports Co-Founder and CEO. “The business is now better positioned than ever to benefit from multiple structural growth drivers across the digital sports ecosystem, and we’re excited to continue our momentum into 2024.”
| $ in thousands | Q423 | Q422 | % |
| Group Revenue | 127,172 | 105,339 | 20.7% |
| Betting Technology, Content & Services | 86,706 | 65,543 | 32.3% |
| Media Technology, Content & Services | 28,546 | 25,639 | 11.3% |
| Sports Technology & Services | 11,920 | 14,157 | (15.8%) |
| Group Net loss | (38,452) | (127,716) | 69.9% |
| Group Adjusted EBITDA | 11,958 | 2,661 | 349.4% |
| Group Adjusted EBITDA Margin | 9.4% | 2.5% | 690 bps |
| $ in thousands | FY 2023 | FY 2023 | % |
| Group Revenue | 412,977 | 341,029 | 21.1% |
| Betting Technology, Content & Services | 274,235 | 209,251 | 31.1% |
| Media Technology, Content & Services | 91,605 | 82,698 | 10.8% |
| Sports Technology & Services | 47,137 | 49,080 | (4.0%) |
| Group Net loss | (85,534) | (181,636) | 52.9% |
| Group Adjusted EBITDA | 53,345 | 15,788 | 237.9% |
| Group Adjusted EBITDA Margin | 12.9% | 4.6% | 830 bps |
