Genius Sports Reports Strong Fourth Quarter and Full Year 2020 Results

By Genius Sports Press | 28 Apr 2021

  • FY20 Group revenue increased 31% year-over-year to $150m
  • FY20 Group adj. EBITDA increased to $18m from ($6m)

Genius Sports Limited (NYSE:GENI) (“Genius” or “GSL” or the “Group”), the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal 2020 fourth quarter and full year ended December 31, 2020.

“2020 was a landmark year for Genius, with outstanding performance amidst the challenges presented by the global pandemic,” said Mark Locke, GSL Co-Founder and CEO. “We have entered 2021 with great momentum, bolstered by our recently-completed merger with dMY II and NYSE listing, as well as our exclusive partnership with the NFL. I am more confident than ever about the opportunities ahead as we continue to leverage our unique technology and scale to grow alongside the rapidly expanding global sports, betting and media ecosystem.”

$ in thousands 4Q20 4Q19 % FY20 FY19 %
Group Revenue 47,017 36,847 27.6% 149,739 114,620 30.6%
Betting Technology, Content & Services 35,265 28,580 23.4% 110,618 88,370 25.2%
Sports Technology & Services 4,258 4,333 (1.7%) 16,066 14,367 11.8%
Media Technology, Content & Services 7,494 3,934 90.5% 23,055 11,883 94.0%
Group Adj. EBITDA 4,034 (1,214) nm 17,510 (6,208) nm
Group Adj. EBITDA Margin 8.6% nm nm 11.7% nm nm

 

nm = not meaningful

See the full release here.