Genius Sports Group (NYSE: GENI) reported Q1 EPS of ($2.84), versus ($4.03) reported last year. Revenue for the quarter came in at $53.74 million, versus $35.69 million reported last year.

• Q1 revenue increased 52% year-over-year to $53.7m
• First quarter group Adj. EBITDA up 414% year-over year to $9.3m (net loss of $5.3m)
• Raised FY2021 group revenue guidance from $190m to $250m-$260m
• Announced a six-year strategic partnership with the National Football League
• Entered into a two-year marketing partnership with FanDuel to deliver data-driven, targeted advertising
• Announced the acquisitions of two leading technology companies, FanHub and Second Spectrum, diversifying our offering and enhancing capabilities
• Appointed sports industry leader and former Turner President, David Levy, as Genius Sports’ new Chairman.

“We delivered superb results in the first quarter of 2021, demonstrating our continued excellent momentum and solid execution of strategic commitments,” said Mark Locke, GSL Co-Founder and CEO. “There is a significant opportunity to utilize our leading portfolio of official sports data, supported by our unique technology, scale and growing network of industry partners. Our strategy of powering the global sports data ecosystem has supported our growth in the quarter, and we’re confident in our ability to continuously improve our end-to-end solution and deliver on our increased guidance for the year.”

GUIDANCE:

Genius Sports Group sees FY2021 revenue of $250-260 million.

For earnings history and earnings-related data on Genius Sports Group (GENI) click here.