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Genius Sports (GENI) - 2021 Q4 - Annual Report
2022-03-17 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 March 18, 2022 Commission File Number: 001-40352 Genius Sports Limited (Translation of registrant's name into English) Genius Sports Group 9th Floor, 10 Bloomsbury Way London, WC1A 2SL (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Fo ...
Genius Sports (GENI) - 2021 Q4 - Earnings Call Transcript
2022-03-11 18:44
Financial Data and Key Metrics Changes - The company reported Q4 revenues of $84 million, representing a 79% increase year-on-year, with full year 2021 revenues reaching approximately $263 million, slightly ahead of guidance and reflecting over 75% annual growth [12][13][37] - Group adjusted EBITDA for the year was approximately $2 million, in line with expectations, indicating a broadly breakeven level [41] - The company expects group adjusted EBITDA of approximately $15 million in 2022 and $40 million to $50 million in 2023 [9][16] Business Line Data and Key Metrics Changes - Betting revenues grew 53% year-on-year in Q4 to $53.9 million, driven by increased utilization with existing sportsbooks and new customer wins [34] - Major business revenues more than doubled year-on-year in Q4 to $17.1 million, benefiting from strong advertiser spend in North America [35] - Sports revenue more than tripled in Q4 to $13 million, bolstered by recent acquisitions and existing tech services [35][36] Market Data and Key Metrics Changes - The company signed 20 new or renewed rights deals in Q4 with leagues and federations globally, including partnerships in high-growth markets such as Brazil, India, and Africa [14] - The company achieved dollar-based net revenue retention of 144% for its top 25 customers in 2021 [29] Company Strategy and Development Direction - The company aims to be profitable in 2022 and 2023, with a focus on executing its strategy and expanding its U.S. operations [9][32] - The long-term vision includes being the technology enablement layer driving the convergence of sports betting and media [11] - The company is strategically positioned to leverage its technology partnerships with leagues and federations to drive growth [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory despite potential risks from the ongoing situation in Ukraine, estimating a revenue impact of $2 million to $6 million [43] - The company remains disciplined in its investment strategy, particularly in the U.S. market, which is expected to flip profitable by 2024 [42] - Management highlighted the importance of operational execution and product development in 2022, focusing on in-play betting opportunities [71] Other Important Information - The company has a strong balance sheet with approximately $230 million available for potential acquisitions, indicating a readiness to explore M&A opportunities [94] - The company is monitoring the promotional environment and believes it is insulated from potential reductions in promotional spend by sportsbooks [54][114] Q&A Session Summary Question: Can you provide insights on gross margin expenses affecting EBITDA? - Management discussed promotional spend categories and indicated that reductions in promotional activities would not significantly impact their business model [51][56] Question: How do new states legalizing in the U.S. impact the business? - Management stated that they follow a consensus view on state legalization and do not require California's legalization to meet their targets, although it could present upside [65][107] Question: What is the focus for the company in 2022? - The focus for 2022 includes operational execution and driving value from recent acquisitions, with an emphasis on product development to enhance operator success [70][71] Question: How is the advertising business performing amid potential spend moderation? - Management indicated no negative impact on their advertising business from potential trends of slowdown in marketing spend, focusing on performance-based digital marketing [113] Question: What is the outlook for deferred revenue as a percentage of total revenues? - Management expects deferred revenue to continue to decrease as the business shifts towards more variable revenue models [87]
Genius Sports (GENI) - 2022 Q1 - Quarterly Report
2022-03-10 16:00
Exhibit 99.1 Genius Sports Reports Strong Fourth Quarter Results and 75% Annual Revenue Growth in 2021 LONDON & NEW YORK, March 11, 2022 – 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 r ...
Genius Sports (GENI) - 2021 Q3 - Earnings Call Transcript
2021-11-23 18:27
Genius Sports Limited (NYSE:GENI) Q3 2021 Earnings Conference Call November 23, 2021 8:00 AM ET Company Participants Brandon Bukstel - Investor Relations Manager Mark Locke - Co-Founder and Chief Executive Officer Nicholas Taylor - Chief Financial Officer Jack Davison - Chief Commercial Officer Josh Linforth - Commercial Director, Media & Engagement Conference Call Participants Jed Kelly - Oppenheimer Stephen Grambling - Goldman Sachs Mike Hickey - Benchmark Company David Bain - B. Riley Bernie McTernan - N ...
Genius Sports (GENI) - 2021 Q2 - Earnings Call Transcript
2021-09-08 17:40
Genius Sports Limited (NYSE:GENI) Q2 2021 Earnings Conference Call September 8, 2021 8:00 AM ET Company Participants Mark Locke - Co-Founder and Chief Executive Officer Nicholas Taylor - Chief Financial Officer Jack Davison - Chief Commercial Officer Josh Linforth - Commercial Director, Media & Engagement Conference Call Participants Stephen Grambling - Goldman Sachs Jed Kelly - Oppenheimer Bernie McTernan - Needham & Company Ryan Sigdahl - Craig-Hallum Capital Robin Farley - UBS Operator Welcome to the Gen ...
Genius Sports (GENI) - 2021 Q1 - Earnings Call Transcript
2021-05-20 16:57
Genius Sports Limited (NYSE:GENI) Q1 2021 Results Earnings Conference Call May 20, 2021 8:00 AM ET Company Participants Mark Locke - Co-Founder and Chief Executive Officer Nicholas Taylor - Chief Financial Officer Jack Davison - Chief Commercial Officer Josh Linforth - Commercial Director, Media & Engagement Conference Call Participants Jed Kelly - Oppenheimer Ryan Sigdahl - Craig-Hallum Capital Group Mike Hickey - Benchmark Company Operator Ladies and gentlemen, welcome to the Genius Sports Q1 Results 2021 ...
Genius Sports (GENI) - 2020 Q4 - Annual Report
2021-04-29 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIE ...