Genius Sports Reports Strong Q1 2021 Results, Raises Full-Year 2021 Revenue Guidance By 35%

By Genius Sports Press | 20 May 2021

  • Q1 revenue increased 52% year-over-year to $53.7m
  • First quarter group Adj. EBITDA up 414% year-over year to $9.3m (net loss of $5.3m)
  • Raised FY2021 group revenue guidance from $190m to $250m-$260m
  • Announced a six-year strategic partnership with the National Football League
  • Entered into a two-year marketing partnership with FanDuel to deliver data-driven, targeted advertising
  • Announced the acquisitions of two leading technology companies, FanHub and Second Spectrum, diversifying our offering and enhancing capabilities
  • Appointed sports industry leader and former Turner President, David Levy, as Genius Sports’ new Chairman

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 first quarter ended March 31, 2021.

“We delivered superb results in the first quarter of 2021, demonstrating our continued excellent momentum and solid execution of strategic commitments,” said Mark Locke, GSL Co-Founder and CEO. “There is a significant opportunity to utilize our leading portfolio of official sports data, supported by our unique technology, scale and growing network of industry partners. Our strategy of powering the global sports data ecosystem has supported our growth in the quarter, and we’re confident in our ability to continuously improve our end-to-end solution and deliver on our increased guidance for the year.”

$ in thousands

Q121

Q120

%

Group Revenue

53,738

35,369

51.9%

Betting Technology, Content & Services

38,955

27,421

42.1%

Sports Technology & Services

5,406

3,818

41.6%

Media Technology, Content & Services

9,377

4,130

127.0%

Group Adj. EBITDA

9,258

1,801

414.0%

Group Adj. EBITDA Margin

17.2%

5.1%

12.1%

 

See the full release here.