Latest News
Genius Sports Hosts its First Virtual Investor Day; Provides Business Overview Deep Dive and Expectations for Group Adj. EBITDA Profitability in 2022 and 2023
- Announces 2022 financial outlook of approximately $340 million in Group Revenue and $15 million in Group Adj. EBITDA
- Expects 2023 Group Revenue and Group Adj. EBITDA in the range of $430 to $440 million and $40 to $50 million, respectively
Genius Sports Limited will host its first virtual Investor Day, where the company’s management team will discuss their strategic vision, provide a deep-dive on the three product groups, and present a detailed overview of the company’s current financial position and future outlook. The event will also include sessions with customers and partners of Genius, including the National Football League, Football DataCo, Sky Betting and Gaming, a Board member appointed by Apax Partners, Chairman, David Levy and Genius executive, Steve Bornstein.
“Genius is the key link between leagues, sportsbooks, media outlets, advertisers, and ultimately, fans. Our best-in-class data collection technology is used around the clock and around the globe, powering the high-growth global sports ecosystem. It is difficult to imagine this industry operating efficiently without the mission critical data and technology solutions we provide,” said Mark Locke, GSL Co-Founder and CEO.
“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.”
Key Takeaways
During the event, management will detail how Genius will deliver near, medium, and long-term growth and profitability:
- Genius expects to achieve Group Adj. EBITDA profitability in 2022 and 2023 of $15 million and $40 to $50 million, respectively, with continued profitability growth thereafter
- The original business1 is already delivering Adj. EBITDA margins of approximately 20%
- The US business is a key area of investment with strong growth opportunity and expected profitability by 2024 on an Adj. EBITDA basis
- Genius’ acquisition strategy has strengthened its technology platform and unlocked exciting opportunities for long-term growth and scale
- Deeply integrated partnerships position Genius at the heart of the ecosystem with strategic competitive advantages via its differentiated technology
- The NFL partnership is strategically important for Genius to create value across the entire organization
Financial Outlook
In 2022, the company expects to generate Group Revenue of approximately $340 million and Group Adj. EBITDA of approximately $15 million. In 2023, it expects Group Revenue in the range of $430 to $440 million and Group Adj. EBITDA of $40 to $50 million.
$M |
Q1 |
Q2 |
Q3 |
Q4 |
FY22 |
FY23 |
Group Revenue |
$78 |
$68 |
$85 |
$109 |
$340 |
$430-440 |
Betting Technology, Content & Services |
$48 |
$44 |
$53 |
$71 |
$216 |
|
Sports Technology & Services |
$12 |
$12 |
$12 |
$13 |
$49 |
|
Media Technology, Content & Services |
$18 |
$12 |
$19 |
$26 |
$75 |
|
Group Adj. EBITDA |
($5) |
$8 |
$9 |
$3 |
$15 |
$40-50 |
Latest News
Extendy – Premier platform for affiliate teams looking to create online casinos.
An innovative platform for creating turnkey online casinos is entering the market, developed over more than four years by a team of 150 engineers in collaboration with top arbitration experts. The platform’s main advantages are its exceptionally quick return on investment, a fully autonomous turnkey operating system, and a focus on mobile traffic.
Owning a casino brand offers arbitration teams several benefits. The primary advantage is that investing in paid traffic can build free, high-quality organic traffic from social media, SEO, external sites, etc., over the long term. When traffic is directed to a partner, the team receives immediate financial returns but loses out on the long-term bonuses of owning their brand.
Return on Investment in 6 Months
Close partnerships with top arbitration teams over several years have allowed thousands of hypotheses to be tested, resulting in an ideal product tailored for these teams. This product maximizes player lifetime value (LTV) and reduces traffic payback time to just six months.
This effect is achieved through numerous technical solutions that enable real-time analysis of advertising campaigns and predictive determination of which to halt and which to scale up. One such solution is the “Traffic Light” technology, which quickly predicts whether the traffic will be profitable. Each partner is marked with a colour: green for excellent traffic that should continue, yellow for questionable traffic that requires caution, and red for bad traffic that should be stopped immediately. Arbitration teams that have used the “Traffic Light” technology for some time report that quick traffic analysis makes it almost impossible to incur losses.
Best ROI for Mobile Traffic with AppAI Technology
One of Extendy’s standout features is its unique AppAI technology, which unlocks new possibilities for attracting mobile traffic. A specially developed neural network analyzes the user’s profile and the ad they came from, creating a unique onboarding flow that significantly increases conversion rates. This drastically reduces the return on investment time for this type of traffic.
“AppAI is a perfect demonstration that Extendy is created by professionals for professionals. During the development process, our arbitration partners repeatedly emphasized the importance of working with mobile traffic. We dedicated a significant amount of time to optimizing the product for mobile players,” said Aivar, CBDO of Extendy.com.
Autonomous Operating System and Turnkey Brand
Another key advantage of Extendy is its fully autonomous operating system, which meets the highest industry standards.
The entire infrastructure is designed so that arbitration teams receive a fully functional casino for long-term development and profit without the need to manage any operational processes.
The CRM, Support, VIP, Content, Payment, Legal, and other operational components of the product are fully automated and self-sufficient. Ready-made, tested, and unique retention funnels, email sequences, gamification systems, 24/7 support, and VIP support in all languages, along with many other solutions, allow casino owners to fully focus on marketing and player acquisition.
In a closed beta phase, dozens of successful casinos were launched on the platform, including BetOnRed, CryptoLeo, BDMBet, and many others. Millions of players are attracted and an average traffic payback period of six months proves that the platform is effective and ready for public launch and further growth.
All you need to create your online casino on the Extendy platform is to submit an application on the Extendy website. Within 2 months of signing the contract, you will receive a license, necessary payment gateways and game providers will be connected to the brand, and final adjustments will be made.
To celebrate the platform launch, a promotion has been launched. Write in the comments of your application that you are from EuropeanGaming and receive special setup conditions.
The post Extendy – Premier platform for affiliate teams looking to create online casinos. appeared first on European Gaming Industry News.
Latest News
Amusnet Releases Diamond Plus Football Edition Video Slot
Amusnet has released a classical slot with a thematic twist in its Online Casino portfolio in light of the UEFA European Football Championship – Diamond Plus Football Edition.
Football fans will be able to enjoy exciting gameplay thanks to the high-quality graphics, ambient music, and a variety of features. The latest addition to Amusnet’s portfolio features 5 reels and 9 symbols, perfectly combining a classical fruit slot with the game’s exciting football theme to form 10 fixed paylines with spectacular prizes. Watch out for the Ball that acts as a Wild symbol boosting the already juicy wins.
Respin
When triggered, the reels on which a Wild symbol appears are being held, and the rest of the reels start to rotate automatically.
Gamble
Players can use the Gamble feature and play the game to boost their winnings.
Jackpot Cards
The Jackpot Cards Bonus game is triggered at random during the gameplay to allow players to win impressive Jackpots.
The post Amusnet Releases Diamond Plus Football Edition Video Slot appeared first on European Gaming Industry News.
Compliance Updates
Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification
Notifications to the Money Laundering Secretariat is one the most important sources of information on money laundering and financing of terrorism. A notification is information about a potentially criminal act, and it cannot be replaced by a report to the police.
Gambling operators are obligated to notify in accordance with section 26 of the AML Act. The obligation to notify means that gambling operators must immediately notify the Money Laundering Secretariat if they know of, suspect, or have reason to believe that a transaction, funds or an activity is or has been linked to money laundering or financing of terrorism.
Notifications are essential for the role of the Money Laundering Secretariat, as notifications can in themselves constitute a case. In addition, a notification about a suspicion can be part of a larger case of other suspicious matters.
Police reports cannot replace notifications
There are no exceptions to the obligation to notify even if you have reported the matter to the police. In case a gambling operator has reported a customer to the police, the gambling operator must also notify the Money Laundering Secretariat which is an authority independent from the police.
The post Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification appeared first on European Gaming Industry News.
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