Genius Sports Group (GENI) Reports Q1 Loss of $2.84 on Revenues of $53.74M; Raises FY21 Revenues Outlook
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Genius Sports Reports Strong First Quarter 2021 Results, Raises Full-Year 2021 Revenue Guidance By 35%
May 20, 2021 7:00 AM EDTQ1 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.
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