Gaming

Genius Sports Group Revenue and Adj. EBITDA Beats Second Quarter 2022 Guidance

Tuesday 16 de August 2022 / 11:19

⏱ 1 min read

(London & New York).- Genius Sports Limited, the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, announced financial results for its fiscal 2022 second quarter ended June 30, 2022.

Genius Sports Group Revenue and Adj. EBITDA Beats Second Quarter 2022 Guidance

“We remain highly focused on delivering profitable growth and have executed ahead of expectations through the first half of the year. We continue to utilize our partnerships and unique technology to yield strong results and build upon our commercial strategy,” said Mark Locke, Genius Sports Co-Founder and CEO. “We have maintained steady EBITDA profitability globally and established a leading position within the U.S., all while achieving EBITDA profitability at the group level. Genius has strong momentum and we feel confident in the continued execution of our strategic plan.”

*$ in thousands*	Q222	Q221	%	Constant currency %
Group Revenue	71,117	55,849	27.3%	42.0%
Betting Technology, Content & Services	44,831	40,673	10.2%	22.9%
Media Technology, Content & Services	14,999	7,986	87.8%	109.4%
Sports Technology & Services	11,287	7,190	57.0%	75.0%
Group Net loss	(4,755)	(464,164)	99.0%	98.9%
Group Net loss Margin	nm	nm	nm	nm
Group Adjusted EBITDA	8,362	5,191	61.1%	79.6%
Group Adjusted EBITDA Margin	11.8%	9.3%	2.5%	2.5%

*$ in thousands*	1H22	1H21	%	Constant currency %
Group Revenue	157,040	109,587	43.3%	53.0%
Betting Technology, Content & Services	94,552	79,628	18.7%	26.8%
Media Technology, Content & Services	39,128	17,363	125.4%	140.6%
Sports Technology & Services	23,360	12,596	85.5%	98.0%
Group Net loss	(44,953)	(469,486)	90.4%	89.8%
Group Net loss Margin	nm	nm	nm	nm
Group Adjusted EBITDA	5,469	14,449	(62.1%)	(59.6%)
Group Adjusted EBITDA Margin	3.5%	13.2%	(9.7%)	(9.7%)

¹ Guidance exchange rate assumes comparable GBP:USD exchange rate of 1.35 at time of initial forecast in January 2022

nm = not meaningful

See the full release here.

Categoría:Gaming

Tags: Sin tags

País: United Kingdom

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