Genius Sports' Q4 Highlights: 25% Revenue Growth, FY23 Outlook Cut, Foreign Currency Impact & More

  • Genius Sports Ltd GENI reported fourth-quarter FY22 sales growth of 25.4% year-on-year to $105.34 million, beating the consensus of $104.35 million.
  • Segment Revenue: Betting Technology, Content & Services increased 21.5%, Media Technology, Content & Services jumped 50.4%, and Sports Technology & Services gained 8.6%.
  • Gross profit was $3.2 million versus the $(25.41) million loss a year ago. Loss from operations narrowed to $(44.8) million.
  • Adjusted EBITDA was $2.6 million with a margin of 2.5%. EPS loss was $(0.63) versus $(0.28) loss last year.
  • The company held $159 million in cash and equivalents as of Dec. 31, 2022.
  • Nick Taylor, Genius Sports CFO, said, "Our expectation of nearly tripling our Group Adj. EBITDA and generating free-cash-flow in the second half of 2023 is the direct result of a cost base that does not need to grow in-line with revenues moving forward."
  • Outlook: Genius Sports sees FY23 revenue of $391 million (consensus $391.16 million), down from its prior outlook of $430 million - $440 million. The company said its outlook reflects today's foreign exchange rates.
  • It sees Adjusted EBITDA of $41 million versus its prior outlook of $40 million - $50 million.
  • GENI sees Q1 revenue of $92 million (consensus $93.01 million) and Adjusted EBITDA of $3 million.
  • GENI forecasts $78 million, $97 million, and $124 million in revenue for Q2, Q3, and Q4, respectively.
  • Price Action: GENI shares are trading lower by 6.36% at $4.86 in premarket on the last check Friday.
  • Photo Via Company
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!