Genius Sports Reports Strong Fourth Quarter Results and 75% Annual Revenue Growth in 2021

By Genius Sports Press | 11 Mar 2022

  • Delivered Group Revenue of $84.0m in Q4 2021, increasing 79% year-over-year
  • FY 2021 Group Revenue increased 75% year-over-year to $262.7m

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 2021 fourth quarter and full year ended December 31, 2021.

“2021 was a transformational year that saw Genius form innovative new relationships with leagues, sportsbooks and brands alike, which allowed us to deliver record group revenue in the fourth quarter,” said Mark Locke, GSL Co-Founder and CEO. “We are confident that 2022 will be another strong and profitable year as we capitalize on the growth opportunities ahead and continue to expand our services around the world.”

$ in thousands

Q421

Q420

%

FY21

FY20

%

Group Revenue

84,012

47,017

78.7%

262,735

149,739

75.5%

Betting Technology, Content & Services

53,929

35,265

52.9%

177,201

110,618

60.2%

Media Technology, Content & Services

17,051

7,494

127.5%

48,312

23,055

109.6%

Sports Technology & Services

13,032

4,258

206.1%

37,222

16,066

131.7%

Group Adjusted EBITDA

(12,507)

4,034

nm

1,550

17,510

(91.1%)

Group Adjusted EBITDA Margin

nm

8.6%

nm

0.6%

11.7%

(11.1%)

nm = not meaningful

See the full release here.