Good morning, everyone, and thank you for joining us today. Before we begin, we'd like to remind you that certain statements made during this call may constitute forward-looking statements that are subject to risks that could cause our actual results to differ materially from our historical results or from our forecast. We assume no responsibility for updating forward-looking statements. Any such statements should be considered in conjunction with cautionary statements in our earnings release and risk factor discussions in our filings with the SEC, including our last annual report on Form 20-F filed on 13 April. During the call, management will also discuss certain non-GAAP measures that we believe may be useful in evaluating Genius's operating performance. These measures should not be considered in isolation or as a substitute for Genius's financial results prepared in accordance with U.S. GAAP. A reconciliation of these non-GAAP measures to the most directly comparable U.S. GAAP measures is available in our earnings press release and earnings presentation, which can be found on our website at investors.geniussports.com. With that, I'll now turn the call over to Mark Locke. Good morning, and thank you for joining us today. We're thrilled to announce Genius's growth is accelerating an unprecedented level, and we have delivered another strong quarter, with record revenues growing over 70% year-over-year. On today's call, in addition to updating you on our performance in the quarter, I'd like to focus on three key updates. First, we'll provide quantitative detail on the recently announced agreements with our sportsbook partners. Off the back of our exclusive NFL contract, we structured mutually beneficial partnerships which fuel industry-wide growth and accelerate our journey to meeting long-term targets. Second, we plan to formally frame the size of the market opportunity for our media and engagement business. On our previous earnings calls, we've outlined our differential fan engagement solutions, and now we hope to round it out by articulating the total addressable market and our place in it. Third, we'll discuss our vision for the future and highlight some of the incredible opportunities that we have in front of us. We're excited to share the work we've done and the areas of investment that will enable Genius to continue to fulfill its place as the technology leader in the sports ecosystem. I'll cover each of these topics in more detail shortly, but first, I'd like to quickly recap on some of the highlights from the Third Quarter. We're very excited about the progress we've made since our last call, and this quarter's strong results reflect our team's continued execution. First, we've reported record revenue of $69.1 million in the Third Quarter. This represents another quarter of strong revenue growth, increasing by over 70% year-over-year, driven by well-balanced growth across all business segments, while Adjusted EBITDA was broadly breakeven. As we've mentioned in the past, our core business strategy lies in our approach to official data and our deep, long-standing partnerships with leagues and federations worldwide. This quarter alone, we signed over 30 new rights deals with leagues as global and varied as Kazakhstan Football Federation, Canadian Premier League, Chinese Super League, Croatian Basketball Federation, Israeli Volleyball Association, Drone Racing League, International Pool Association, Swedish Basketball Federation, and a personal favorite of mine, Professional Pickleball Association. I could go on. Each new league partnership expands the breadth and depth of our coverage of high-quality events and supports our customers' provision of content around the clock. As of Third Quarter, our leading rights portfolio includes 192,000 events under official rights, of which over 120,000 are exclusive. We are the leading technology provider to leagues and federations around the world. As an example, we recently announced that Second Spectrum was appointed the exclusive official tracking data provider of Danish Superliga and 1st Division. With Second Spectrum's cutting-edge technology, Genius will be able to provide Danish football fans with transformative new statistics, including Player Speeds, Acceleration, Deceleration, Shot Velocity, Pass Velocity, Pass Probability, and Expected Goals. These insights will be made readily available across multiple platforms, combining tracking data, visualizations, augmented reality, and customizable graphics to deliver truly immersive fan experiences. This demonstrates our successful integration of recent acquisitions and our unique ability to create value across the sports and entertainment ecosystem. We've also continued to leverage our exclusive NFL partnership to build upon our key sportsbook relationships. These agreements enable us to provide a full range of official sportsbook content and fan engagement solutions to help our customers better engage and monetize their users. While we're still in the early stages of our NFL partnership, we're very excited about the vision to enhance the value of NFL's content and reimagine the way that sport is consumed. As we'll discuss in more detail shortly, our recently announced deals serve as a brilliant foundation to achieve our longer-term ambitions. In addition to the key sportsbook announcements, we've also announced our first team-based partnership with the Philadelphia Eagles, where we will deliver real-time betting odds to drive fan engagement in Lincoln Financial Field sports betting lounges. A fundamental part of our NFL partnership is to provide innovative platforms for teams to engage with legalized sports betting, and so we're excited about this new development. Additionally, as part of our disciplined M&A strategy, we remain focused on the efficient integration of newly acquired businesses. For example, Spirable helped companies like Hennessy, Pringles, and Heineken increase brand awareness with sports fans through deeply personalized dynamic video content. The Spirable technology allows brands to automatically deliver custom-tailored, data-driven content to sports fans in real time, which we look forward to rolling out to an even wider range of partners as part of our broader Genius platform. Additionally, using FanHub's platform, we launched new free-to-play experiences for partners across different verticals, including sports leagues, sports betting clients, and even brands outside of sports and betting, such as Jersey Mike's and Buffalo Wild Wings. With leading technologies like Spirable and FanHub, Genius has broadened the options available to a wide range of customers who are seeking to connect with a sports audience in a purposeful and efficient way. With the commercial progress we've made this quarter and the positive Global Sports Betting Market backdrop, we're raising our 2021 revenue guidance to a range of $257 -262 million, equating to over 70% year-on-year growth. Nick will cover the financial aspects in more detail shortly. A core focus of the business this quarter was to structure commercial agreements with our sportsbook partners to include the NFL offering. As many of you know, our partnership with the NFL is far more innovative than any other rights deal in the market and differentiated from the NFL's previous rights deals with its incumbent. We're extremely happy with the commercial deal we've made, so wanted to provide a bit more detail on our success. These are all-encompassing strategic deals that include our full suite of products. Let me give you an example of a typical deal that exemplifies how we are engaging with U.S. sportsbooks. They typically include an absolute commitment to use Genius data where we own the official rights, streaming, outsource managed trading, and other value-add technology services, a commitment to advertising spend across our media products, including FanHub and Spirable, and an average three-year term, providing a perfect balance between short-term visibility and medium-term flexibility as the market evolves. The NFL agreement has only increased our opportunity to successfully expand our commercial partnerships to include our all-encompassing suite of solutions. As we're partially through our first NFL season, we're happy to provide more color on the specific NFL component of these wide-ranging deals. To start, over 97% of NFL bets placed in the United States are powered by Genius Sports. We've agreed commercial terms that properly reflect the value of our premium data. While our contracts include a full range of products, if we were to isolate specifics around NFL, our take rate of pre-match gaming is in line with our current global blended average, while our in-play take rate is a weighted average in excess of our stated goal of 5%. This sets Genius up to benefit from both the growth of the NFL sports betting market and the continued shift to in-play betting. It's worth noting that the elements of the deal structure will vary by contract, but we often structure our deals to limit our downside exposure by creating minimum revenue guarantee floors, which allow us to reduce some of the inherent volatility. In periods with lower holds and significant promotional spend like we've seen recently, these deal structures give our revenues some protection. Overall, these commercial agreements support an accelerated path to our long-term target of an average of 5% take rate of global gaming revenue. Lastly, our customers have committed to spending an initial minimum of $125 million across our media products, including FanHub and Spirable, over the average of the three-year terms. However, we've seen so much success that certain major customers will spend their entire first year's commitment within the first four months of the contract. The majority of these commitments come from customers we were already working with, and they have therefore had the confidence to trust Genius in the long term, thanks to excellent results that we've delivered to date. This confidence is proven by DraftKings making Genius their preferred programmatic partner and BetMGM making Genius their exclusive programmatic partner. As a reminder, Genius was named the NFL's exclusive sports betting and iGaming advertising partner, a new component of our rights deal that doesn't exist anywhere else in the market and is completely unique to our capabilities. This gives us access to the NFL's audience and select digital advertising inventory that when combined with our live data and deep understanding of sports fans, puts us in a unique position to drive better return on our partners' customer acquisition spend. Again, the breadth and depth of agreements we've reached are exactly what we envisaged when we first structured such an equally innovative and wide-ranging NFL partnership. We touched on the committed advertising spend through our NFL deals, and now we'd like to provide more detail on the market opportunity and the key growth levers for our business. Our media business provides services that extend beyond just sports and betting and allow us to capture a share of digital marketing budgets across a range of customers, representing an entirely new addressable market. We see our addressable opportunity as the $60 billion global digital sports advertising market. Now, this is obviously highly competitive and includes search engines, traditional ad agencies, and other solutions developed in-house. However, we believe that our unique access to the data and inventory through our exclusive league partnerships leads to a differentiated offering with high rates of return for our customers. That said, based on our penetration to date, predominantly with sportsbook customers, we believe a market share of 75-100 basis points is achievable in the long term for the entire digital sports advertising market. In order to reach this long-term market share and the $500 million revenue opportunity it represents, we believe we'll need to broaden and diversify our media customer base. Our advertising solutions are valuable to any brand seeking to connect with sports audience using contextually relevant data-driven content. For that reason, we believe our media customer base today represents a fraction of what it can become. While it is most certainly early innings, this is a business that has doubled year-over-year. We've made strides in diversifying our customer base to include brands outside of sports betting that are interested in leveraging our unique access to sports audiences, live data, and content distribution capabilities. I'd like to conclude my remarks by clearly defining our vision for the future. Our goal is to create a business that takes a slice of every sports-related transaction globally, whether that's a bet, a ticket sale, a live stream, a purchase of a hot dog in a stadium, or a jersey sale. Genius exists to provide the technology platform that both powers these transactions and enables true global fan monetization. The investments we've made, both organically and through Second Spectrum, FanHub, and Spirable, have created the world's leading sports technology platform. Nothing in the market comes close to what we have, and we are miles ahead of our competition. As a result of that, the commercial conversations that we're having with our existing partners, such as the NFL, have taken on an entirely new meaning. Not a single conversation with a league or federation goes by without discussing the massive opportunities for them to tap into our vision and cutting-edge, unique technology services that only we can deliver. Therefore, we have defined a more aggressive investment roadmap that will enable us to continue to put clear water between us and the rest of the industry through our truly differentiated cutting-edge technology platform. This strategy will not only deliver the world's greatest integrated solution, but also give us a phenomenal advantage in our negotiations with leagues. They will strengthen our long-term positioning and reduce the risk of rights inflation. To reiterate, one of the main reasons that the NFL chose to partner with us was because of the shared vision around our technology capabilities. This shared vision is now coming to life as we're beginning to deliver on it. We have absolutely no doubt, if we invest now, this vision can be delivered to every league and every fan worldwide. This is such a unique opportunity that we simply must take advantage of it. Therefore, we plan to reinvest heavily in the business to continue delivering on our vision and strengthening our competitive advantage. With that, I'll now turn to Nick to discuss our financial results and outlook in more detail. Thanks, Mark. As Mark mentioned, our Third Quarter results reflect our solid execution in the underlying business. Third Quarter group revenues increased by over 70% year-on-year to a record $69.1 million, with each business line increasing significantly, demonstrating another quarter of diversified and well-balanced growth. First, our betting technology content and services grew 48% year-on-year to $43.6 million. Growth in this segment was driven by increased pricing with existing customers, new customer wins, and increased utilization of available content. In the Third Quarter, we also recognized revenue for the first three weeks of our inaugural NFL season. Our media technology content and services revenue continues to increase at a phenomenal pace, more than doubling year-on-year to $13.9 million. Strong growth in our media business was driven by new customer wins, both within sports betting and non-sports betting sectors. Lastly, the sports technology and services revenue increased 159% to $11.6 million. Once again, getting significant contribution from Sportscast and Second Spectrum. Our revenue to date is trending positively towards our full year outlook, and we've made exactly the right kinds of commercial deals in the quarter to continue our momentum through year-end. Itn gives us great confidence to increase our revenue outlook to a range of $257millon -$262 million, equating to over 70% year-on-year growth at the midpoint. We're also revising our Adjusted EBITDA target to be broadly break even for the year as we expect to reinvest in the business to achieve the long-term vision that Mark has just spoken about. As Mark mentioned earlier, we've structured our commercial agreements in line with our expectations, and we're more excited than ever about our opportunity to generate solid returns on our groundbreaking NFL deal. We've reached terms that allow us to earn a significant share of gaming revenue. We've leveraged our unique position to increase customer utilization and take market share, and our partners have contractually committed to spending at least $125 million in marketing spend through our ad tech platform. The business is poised for continued revenue growth as the sports betting market continues to expand and evolve. Broadly speaking, within the U.S. and globally, we feel confident in our ability to continue taking market share, achieving premium pricing for value-added content and services, and executing on our partners' committed media spend. This, coupled with the dynamic growth and maturity of the global sports betting market, should drive well balanced revenue growth over the next several years with meaningful contribution from multiple levers. As Mark has just touched on, we also recognize that we're in a unique stage early in our growth cycle that presents a window of opportunity to be front-footed and financially flexible in order to fund the long-term scale and build the infrastructure to achieve our vision that Mark described. We think about those strategic investments in three categories. Firstly, technology development. We are transforming global sports betting and media through our technology, and we're focused on continuing to improve our existing tech platform. For example, continue to innovate Second Spectrum technology to reduce latency, improve tracking, and expand to new sports such as American football. Secondly, we're also focused on accelerating our rights strategy to continue building a best-in-class portfolio of data and streaming rights. As noted previously, many of our data and streaming rights generate meaningful near to medium term payback, so we're investing ahead of the revenue curve in many instances. Thirdly, we continue to build out our U.S. infrastructure to support our expanding local operations. Additionally, there may always be other opportunities outside of these three categories where we see potential for shareholder return and to improve our competitive position. To recap, our global business continues to perform strongly, and we expect continued revenue growth through the year of 2021 and beyond. On an Adjusted EBITDA basis, we expect the business to be broadly break even or better on an ongoing basis in order to maximize the potential of our strategic reinvestments of underlying profitability. To conclude, we are excited and focused on the big picture opportunity ahead of us. We believe that we are in a strong position to capitalize on this rapidly growing market. We also believe that the disciplined reinvestment of near-term earnings is the best use of capital at this stage in our growth cycle to position us for success over time and achieve our long-term vision. In fact, our current market position and thoughtful deployment of capital gives us even more confidence in achieving our previously communicated long-term aspirational targets of 40% market share, 5% of gaming revenue, and 40% Adjusted EBITDA margin at scale. Thank you again for your participation. We'd now like to open it up to Q&A. Question is from the line of Jed Kelly from Oppenheimer. Please go ahead. Hey, thanks for taking my question and, nice quarter. Two if I may, just Mark on your 5% comment on global GGR, can you kind of expand on how we should think about it? You know, we kind of hear from the operators that that might be a little too aggressive and maybe we're oversimplifying it. Just on the quarterly guidance, can you give us an update on how your betting revenue is trending in October and November relative to the guide? Hi, Jed, it's Nick. Let me take the second one first and then perhaps we can. Mark might be able to pick up the first bit. On the second one, you know, I understand the question, and I know the market. There has been some noise around operator profitability in October. I think Mark said on the call that we certainly have some downside protection there. You know, we structured our deals to such that we have that in our deals and any views on where we sit in October and the first couple of weeks in November have been taken into consideration when we've upped our revenue guidance to $257-$262. Hey, Jed, how are you? Thanks for that. On your first question, if you're asking if 5% of global gaming revenue is too aggressive, I think that's the question, right? Yes, correct. I just. Yeah. -how you structure- Yeah, I mean. some of your recent deals just, yeah. Yeah. I mean, we don't think so. We think on a long-term basis, it's eminently achievable. You know, what we were saying in the earnings was really that we're on a sort of, you know, very strong journey, probably slightly ahead of where we thought we would be towards reaching that. You know, I think I said in the earnings, you know, a lot of the deals we're striking on the in-play with the NFL are in excess of our long-term goals, so we feel very comfortable with that. Got it. Just as a, I guess, two quick follow-ups, I guess the November holds, we've seen some mean reversion there. One more question, Nick, on the Third Quarter media revenue, very strong. I mean, is Third Quarter gonna be the peak quarter for you guys for media just given the cadence and how the OSB operators advertise? Thank you. Yeah, Jed. I mean, I can't really comment on the November position. I'd just kind of revert back to my comment I think I made on the October position. In terms of media, yeah, very strong revenues. There is an element of inorganic growth in there, but on the underlying basis, the revenues are still significantly up year-over-year. Actually, our Third Quarter isn't that high to us. I'm anticipating our fourth quarter to be a slightly higher position than where we've come out on Third Quarter. All that again is built into the 257-$262 guide. Thank you. The next question is from the line of Stephen Grambling from Goldman Sachs. Please go ahead. Hi. Thanks. I just want to clarify I guess a couple things. One, I guess, is the NFL transaction trending to the cash breakeven that you thought? And when you're referencing some of the reinvestments into the business, where are the biggest buckets that this is being allocated to? And just to confirm, I think you said that your commitment is to a breakeven going forward. Is that on an annual basis? Thanks. Yeah. Hi, Stephen, it's Nick. Let me have first go at that, and then I guess Mark and the guys can chip in anything else they want to. Yeah, there's a couple questions there. You're right. Just on that last point, you know, we as a board management team, you know, are united in managing the business in the short term to an EBITDA breakeven or better position, and that will be on an annual basis. There will obviously be ups and downs on a quarterly basis as we go. In terms of where we're looking to invest, I mean, I think, you know, Mark was very clear on the call, you know, we're in a really early position in our growth cycle, and the opportunities in front of us are really accelerating significantly. Therefore, being front-footed in the ability to invest now, we think is the right decision. Now, practically what that means is really three areas. First of all, I think we've called out rights. You know, this remains to be the absolute foundation of our growth and, you know, we'll continue to invest in that area and have done historically. Like a lot of rights deals, not just in our industry, in any industry, some of those rights deals means investing ahead of the revenue curve, but we will only do so on rights deals that we think have a long-term value for the business. Second area is tech. And yeah, again, you've heard from Mark about our sort of leading tech position in the market. But as you noted, we can't really stand still there. We're really looking to turbocharge the investment and I'd particularly call out our acquisitions as a great example of that. Second Spectrum technology, we're looking to invest in such areas as low latency, improving the tracking, building out the products in other sports that they don't currently have a significant footprint in for things like US football. I guess a good example to just bring everyone to attention to show sort of early dividend of our investment that we're making there is you might have seen on the CBS broadcast over the last couple of weeks, the Second Spectrum visual overlays that were on there. Obviously the rights will affect costs as you know, and that'll be a significant amount. The technology will come into the R&D section. Then really that last area is the investment in the U.S. operations. We have been very careful over the last two years, I think not to put too much infrastructure into the U.S. on the ground too early. But obviously given our phenomenal U.S. growth that we're seeing and you'll see when you get into the detail in the quarter, the U.S. is actually 21% of our revenues for the quarter. That's the first time it's that significant, and I expect that to grow again in Q4. You know, now is the right time to really be putting in that infrastructure. I talk about commercial teams. You've seen our announcement of Steve Bornstein and really to optimize that growth. So that's the other way. That will really, across the income statement, be in a number of areas, both in terms of sales and marketing, but also will impact SG&A a little bit as well. So they're the areas that we're really investing. In terms of your original question around NFL and how we're getting on, I think we said last time, you know, it's gonna be increasingly difficult given the nature of these deals to separate out a particular sport and the individual profitability as you know how we go to market. I think this particular, our U.S. enhanced deals, because they're so wide and encompassing right across our products and our suite of products. Yeah, media, data, trading, streaming, you know, also across the whole portfolio, not just the 272 NFL events. It's gonna be increasingly difficult. What I will say, Stephen, is we're learning every week. What are we now? I think we're up to week 11 of a six-year deal, so we're really still very much in the foothills of this deal. We're learning a lot about all sorts of things, not just handle, but in terms of we're learning about revenue mix. We're learning a lot around sportsbook proportionality, which obviously has an impact. We in play versus pre-play, you know, to per Jed's question, operator profitability as well. All this is we're learning. What I can say is that this deal is driving that, you know, phenomenal U.S. growth quarter-on-quarter, year-on-year, you know, upwards of 200%. This deal is the absolute cornerstone of that and will be significantly profitable, the U.S. contracts over the course of the life of the next three to five years. Perhaps one follow-up there, since you mentioned rights as being, you know, effectively the primary focus, maybe if you could just touch base on the NBA deal that was recently signed, you know, how you thought about that potential partnership and the impact that could have from the agreement with one of your competitors. Yeah. Hi, Stephen. It's Jack Davison here. I'm the Chief Commercial Officer. I think it's a really interesting question. I mean, just to give a bit of background on kind of where we are and how we arrived at this point. I mean, clearly the NBA is important and, you know, we were part of that process, and that's something that, you know, having the NBA as part of our stable of rights in that way would be something that would clearly be good for the business. The flip side to that is that there has to be balanced process, balanced judgment around the viability of any deal we do with any rights holder, whether it's the NBA or anyone else, and we've got to be prudent and smart about how we do that. I don't wanna talk specifically around, you know, elements that are for us, but perhaps a good way of articulating it would be to sort of compare it a little bit to the NFL and that relationship because, you know, we see some similarities, but also quite a lot of differences, really. Ultimately, you know, we have to find a way to make sure that we were making smart decisions for the business. Good differences. The NFL deal that we have gives us, as we've talked about and Nick and Mark have articulated, a lot of benefit in the media space. We get a lot of inventory, we get a lot of assets as part of that relationship that enable us to show the sort of growth that we've talked about today, and that's a big part of the ecosystem. None of that stuff was really available as part of the NBA dynamic, partly because they have a JV with Turner for some of their digital assets. I'm sure everyone knows they have a JV with Turner. That stuff just wasn't on the table. That made it quite difficult from our point of view. The other part of it, and we've talked a lot about this, is really that whole innovation piece and the relationship with the NFL is not just about the NFL, but it's actually about allowing us to move and do all of the things that we wanna do in a wider sports technology ecosystem forward and do that and that again wasn't really available as part of the deal that's been signed. The final part and perhaps the most important part from our point of view and really where we, you know, while we wouldn't pretend that we wouldn't want the NBA as part of our portfolio, we couldn't really square the circle on was the structure of the deal really. Our understanding is that the NBA will continue to maintain direct relationships with all downstream sports betting operators that will see them continue to take a share of handle directly from those operators and NBA that sits outside the ecosystem. Effectively, from our point of view, that very much felt like operators getting charged twice, you know, once for the data and once from the NBA directly to be part of the ecosystem. We just couldn't square the circle on those numbers and make it make sense from our point of view. We would be, you know, thrilled to have the NBA as part of our portfolio. That hasn't happened, but it's also true that, you know, our betting revenues for the NBA at the moment are extremely limited and so the impact of not winning that deal on our business is very, very small at this point. Got it. Thank you. I'll jump back in the queue. The next question is from the line of Mike Hickey from Benchmark Company. Please go ahead. Hey, Mark. Nick Taylor. Good morning or afternoon, guys. Congrats on the quarter. Just curious on your view of the Canadian opportunity. Looks like obviously they're moving to a regulated market, beginning with Ontario. Just sort of thinking how expansionary you think that could be. Obviously, there's a sizable gray market there. Also curious on the media side with a lot of operators going into the market. Yeah. Hi. Yeah, Jack Davison again, Chief Commercial. Happy to pick this up. Look, I mean, for us, regulation has always been a good thing, right? What you're going to see is a business that's gonna come out of the shadows, and we know that they exist there, and we know there's a gray market to something that's gonna become more mainstream, obviously, starting with Ontario. For us, you know, like as those, you know, as Ontario and in time other, you know, states in Canada regulate in a more traditional way, I guess, as the U.S. states are regulating. That's a good thing from our point of view. It's opportunity. You know, like, suddenly there is a real opportunity in terms of, you know, from both a, the size of the market that can grow, but that is both from a data and trading point of view and all of those things. We obviously like our position in terms of the NFL because the NFL has some weight in Canada. We like that from that point of view. Also from a marketing point of view, it creates a whole new opportunity for us to work with regulated operators who can spend properly on marketing, and we can hopefully mirror a lot of the success that we've seen across the U.S. states in Canadian states as they open up. For us, it's obviously good news. The opportunity is, you know, it's more opportunity in areas that we feel very good about the business. Not only just in the sports betting space, but all of those relationships we'll be able to build with media partners there, publishers there, all of that stuff that we were able to execute in the U.S., we hope to be able to and expect to be able to mirror in the Canadian states as they open up. Hopefully that answers your question. Yeah. Nice. Thanks, guys. Best of luck. The next question is from the line of David Bain from B. Riley. Please go ahead. Great. Thank you. My first question is, if we're seeing a shift to longer term data rights agreements, and just given the length of some of the larger deals that we're seeing, can you speak to the potential disruption to a league to perhaps displace an incumbent today versus what you envision three to four years from now with your technology and kinda tentacle plan? I mean, could pricing with certain partners actually stay flat or even decline multiple years from now? Or how do you view that? Hi. Yeah, it's a really good question, and it's we think about it a lot. Frankly, it's a lot of what's driving the you know our technology investments. We believe that as this market evolves the sports leagues are gonna need you know much different and kind of specialized technology sets. What we're seeing in our business actually is since the acquisition of Second Spectrum we're increasingly. I mean, I think almost every single league conversation we're having now includes elements of Second Spectrum and some of that next gen technology. The way that we see this evolving over the time is an increasing reliance on those technologies. Again, that will be reflected in those rights fees going forward. Part of the, as I said, part of the drive and part of the thing we're so excited about and the opportunity that we see is really getting that technology widely distributed, making sure that we keep the considerable distance that we have in the market, i.e. the technology advantage that we have both, you know, from the likes of Second Spectrum, the data and the tracking analytics, but also the marketing side as well, where we've got, you know, really unique views of audience. The continued investment in that should give us that position in the future to have significant leverage in those conversations around rights fees. Okay, great. That's helpful. My second one would be, you mentioned a very significant TAM in your prepared remarks that you're entering specifically the advertising market with non-betting platforms. Can you give us a little bit more color on what type of platforms you're having traction with? And is this something we can see a substantive deal on by, say, early next year, or is this a longer term opportunity at this point? Thank you. Hi, David, this is Josh here, the Managing Director for the media business. Josh. Yeah, exactly that. In terms of the addressable market for the media business, we're already seeing a lot of traction in that space. In terms of the platforms that we're branching out to, it's really an expansion of what we're already doing for operators in the programmatic sphere and rolling in the technologies from FanHub and Spirable. Essentially, we believe that ultimately that technology applies equally as well to major brands around sports, be it, you know, a Coca-Cola, an Anheuser-Busch. It will ultimately drive the same fantastic results that our sportsbook customers have seen. Okay, great. Is this something we could see, you know, some substantive announcement on early next year? Or is this something we should think about having, you know, real impact to the model, sometime in the next year or two? Yeah, I mean, we're already winning a number of contracts in this space. Probably the most recent one is Jersey Mike's, where we've provided them with their Tailgate Trivia free-to-play game. We've provided a lot of advertising services around that to promote the game. There's already a few customers that are there, and we've got a really strong pipeline as we head into 2022. I expect us to be, you know, making plenty of announcements around new wins in the sort of outside of the sports betting space, over next year and years beyond. Okay, great. Thanks so much. The next question is from the line of Bernie McTernan from Needham & Company. Please go ahead. Great. Thanks for taking the questions. Maybe just to start the $125 million committed advertising spend, just wanted to clarify that that's in aggregate over the next three years, and if it's only in the U.S. I'm assuming these deals have basically been struck over the last three months. Just wondering how they came in versus your initial expectations. Hi, this is Josh Linforth again. Yes, that's correct. Those deals are structured over three years. In terms of the market, the majority are across the North American market. There's a few nuances where there's some international spend, but the majority of it is focused on the North American market. Understood. Can you just remind us about how big the media revenue stream is outside the U.S. currently? Yeah. Hi, Bernie, it's Nick. I mean, traditionally, we've been around about 50/50 in terms of U.S. versus rest of the world on a media basis. That's now heavily more slanted towards the U.S. Right now. That's certainly where the focus of growth is over the course of the next 18 months to two years. You know, as Josh just talked about those deals, you know, they are predominantly North American focused. Understood. Thanks, Nick. Nick, just to follow up on FanDuel struck an agreement with them yesterday. That was great to see. I was just wondering. I believe you were supplying them with NFL official data in the Third Quarter. Just wondering how that was booked from a revenue standpoint. Yeah. Yeah, of course, Bernie. Yeah, you're absolutely right. For everyone else's benefit on the call, I mean, we continue to provide FanDuel with the services throughout the period as a long-term sustainable partner with FanDuel. The announcement that we issued 48 hours ago is a retrospective deal to take us back to the start of the NFL season. What we've done is there was an element of the deal that was recognized in the quarter because we already had a pre-agreed deal with them. So that's been recognized for the first three weeks of the NFL, and then we will recognize the remainder of the deal retrospectively for those first three weeks. What I will say is, obviously, it's one operator for three weeks, so it's not a material number, Bernie. The new deal metrics have been built into the revised guidance of the$ 257-$262. Understood. Thanks very much. The next question is from the line of Ryan Sigdahl from Craig-Hallum Capital Group. Please go ahead. Hello, guys. Thanks for taking our questions. Curious on, there's been a trend towards in-house sports trading services, but at the same time, FanDuel in that agreement you were just talking about expanded its take rate of your live trading solution. I guess where are you seeing the most headwinds as well as tailwinds, from a management trading services standpoint? Hi. Yes. Hi, Ryan. It's Jack Davison. I think what we see here is a kind of what you're seeing with the FanDuel deal in particular is a confirmation of their comfort in outsourcing elements of their sports betting operations to a company like ours. You're seeing a real balance of some stuff being insourced currently, but also a real focus on what is being insourced by an operator from an operational point of view. Real focus, as you can imagine, on FanDuel on trading the NFL, which we don't do for them, but at the same time, they'll outsource elements of that. You will end up, I think, seeing a combination of these things. The trajectory of the industry, I think, will be about much more efficient in terms of where they spend money, where they get the most bang for their buck. I think that our view and as played out with our customer agreements, is increasingly large swathes of their operational function will indeed be outsourced. on ad tech, do you have any comparative metrics or customer acquisition cost improvement or anything you guys can compare internally on how your solutions are faring versus traditional sources? Secondly, how do you feel about your human and technical resources for ad tech and marketing? Are you guys missing anything there? Thanks. Hi, Ryan, this is Josh Linforth again. Happy to provide some context in terms of the results that we've delivered. I can give you a specific example of one operator that we've been working with this NFL season and the results that they've seen through Genius' ad tech solution have been really strong. To give you an idea of that, on average, that customer sees the first deposit value break even against the total ad spend. To give you an example, if we spend $100 to acquire a player, on average, their first deposit value is $100. Actually, within the first 30 days, we tend to see so far this season around about a 285% return on ad spend in subsequent deposit values off of those players acquired by Genius. So needless to say, you know, those are some pretty strong results, and that individual customer is very happy about the results. I can think of another operator who by the end of the year is on track to exceed their minimum commitment in their first contract year with us on their media contract. That speaks for the results that they've seen so far through Genius. Great. Thanks, guys. Good luck. Ladies and gentlemen, in the interest of time, we have to stop the Q&A session. The conference is now concluded, and you may disconnect your telephone. Thank you for joining-