Earnings release
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Genius SPORTS Genius Sports Reports 70 % Third Quarter Revenue Growth and Raises 2021 Revenue Guidance • Delivered record high Q3 revenue of $ 69.1m , growing over 70 % year - over - year • Announced strategic partnerships with Entain / BetMGM , FanDuel , Golden Nugget , Hard Rock Digital , Penn / Barstool Sportsbook , and PointsBet , in addition to Caesars , DraftKings , WynnBet , and 888 / SI Sportsbook , to provide our full range NFL - related products • Over 97 % of the U.S. market now using NFL data exclusively through Genius • Increasing 2021 Group Revenue guidance from $ 255- $ 260m to $ 257- $ 262m , equating to over 70 % year - on - year growth at the midpoint LONDON & NEW YORK , November 23 , 2021 - 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 third quarter ended September 30 , 2021 . " Genius Sports ' growth is accelerating at an unprecedented level that far surpasses our original expectations . We are capturing more opportunities than ever before , underpinned by the broad adoption of official data by the entire ecosystem , " said Mark Locke , GSL Co - Founder and CEO . " While only months into our first NFL season , we are even more confident of the long - term prospects of the partnership . We are transforming the global sports betting market through our progressive investment in technological innovation , and we will continue to do so for years ahead . " Nick Taylor , GSL CFO , added , " We've positioned the business for continued success , giving us great confidence in raising our 2021 revenue outlook . We anticipate continued strong revenue growth as the market continues to expand and evolve , while preserving the option to reinvest in the business to fund strategic growth initiatives and drive long - term sustainability and scale . This early stage of our growth cycle presents a window of opportunity to invest in the future success of the business , and we're excited to continue building towards our strategic vision . " $ in thousands Group Revenue Betting Technology , Content & Services Q321 Q320 69,136 40,556 43,644 29,580 Sports Technology & Services 11,594 4,484 Media Technology , Content & Services 13,898 6,492 Group Adj . EBITDA ( 392 ) 9,382 Group Adj . EBITDA Margin nm 23.1 % nm % YTD21 YTD20 % 70.5 % 178,723 102,722 74.0 % 47.5 % 123,272 75,353 63.6 % 158.6 % 24,190 11,808 104.9 % 114.1 % 31,261 15,561 100.9 % ( 104.2 % ) 14,057 13,475 4.3 % 7.9 % 13.1 % ( 5.2 % )