The sports data and technology company is holding its first Investor Day meeting on 27 January, and has released its projected figures ahead of the session. Group revenue is expected to hit the $340m mark in 2022, translating to group adjusted EBITDA of $15m. The majority of this figure has been earmarked for H2 of this year, with ‘Betting Technology, Content and Services’ accounting for $216m of the total revenue figure.
Although the full-year commercials for 2021 are yet to be finalised, Genius projected a group revenue figure in the region of $260m. Should the company hit the $340m it forecasts in 2022, this would represent an increase of 31%.
Further growth is anticipated for 2023, with group revenue projected in the region of $430m-$440m, a potential year-on-year increase of 29%. Group adjusted EBITDA is forecasted to reach as high as $50m.
Mark Locke, Co-Founder and CEO, Genius Sports, commented: “Genius is the key link between leagues, sportsbooks, media outlets, advertisers and ultimately, fans. Our data collection technology is used around the clock and around the globe, powering the high-growth global sports ecosystem.
“We have a clear plan in place to build on this strong foundation and drive profitability for Genius Sports Group in 2022 and 2023; and I am more confident than ever in the growth opportunities ahead as we continue to expand our operations around the world.”
At the Investor Day, senior executives will detail how the company expects to meet the projected financials, through a combination of its acquisition strategy and continued investment in partnerships.
Representatives from the NFL, Football DataCo and Sky Betting & Gaming will also attend, advising investors on how their partnerships with Genius will continue to strengthen over the next two years.
