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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 |
Incentive Games, a leading B2B games provider, today announced the launch of its new crash game, Velocity, with bet365 in Brazil.
This marks a significant milestone for Incentive Games as it represents their first Pay-to-Play Crash game developed in partnership with bet365. The bespoke game has been meticulously designed by Incentive Games’ expert developers to ensure maximum player engagement.
Seamlessly integrated with bet365’s platform, the game leverages the expertise of Incentive Labs – a powerhouse of data and AI specialists. The Incentive Labs team will continuously analyse player interactions to refine the game and deliver an ever-evolving experience, turning millions of user touchpoints into unique solutions that enhance player satisfaction.
John Gordon, CEO of Incentive Games, said, “While the market is saturated with crash games, Velocity stands out from the crowd. It is the first in a series of exciting crash game offerings and we’re so proud to be launching this groundbreaking game with bet365. With their global reach, there’s no better partner to introduce ‘Velocity’ to the Brazilian market.”
A bet365 spokesperson said of the launch, “We’re delighted to yet again partner with Incentive Games in what promises to be an amazing gaming experience for our players.”
The post INCENTIVE GAMES LAUNCHES CRASH GAME WITH BET365 IN BRAZIL appeared first on Gaming and Gambling Industry in the Americas.
The new title from leading Spanish e-Gaming provider MGA Games is an innovative game with a truly original theme: a journey through carnival festivities filled with legendary creatures. Its design combines the excitement of street parties with the richness of mythological creatures from around the world, providing a totally unique experience.
This new casino slot features 25 paylines, with winning combinations paid from left to right. By landing 3 or more Scatter symbols, players gain access to the Free Spins screen, which includes an innovative prize system. Players can enjoy an accumulator feature and a final Super Respin spin that awards the accumulated winnings. It also includes Money and Collect symbols, which when combined offer an additional bonus prize.
Global Audience
By showcasing mythologies from all over the world, the game is set to appeal to a global audience, enhancing its market potential and attracting players from various countries. Its visual and auditory elements, featuring vibrant graphics and immersive music, will captivate players and deliver a fully immersive experience in a fantastic world.
In this new release, every spin of the reels will surprise players with its themed symbols. As if that weren’t enough, the game features an optional Buy Free Spins button, speeding up the path to big rewards. Mythical Legends Carnival will be available in all of Spain’s best online casinos starting February 3rd and across .com markets from January 27th.
The post Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot! appeared first on European Gaming Industry News.
Delasport, a leading global provider of iGaming and Sportsbook solutions, is powering up yet another brand with its advanced sportsbook. The award-winning solution is now integrated with ProgressPlay’s renowned gaming platform.
This collaboration underscores the shared commitment of both companies to innovation, excellence, and delivering unparalleled gaming experiences.
ProgressPlay, a pioneer in providing high-quality, fully tailored turnkey solutions since 2012, has consistently set industry standards. By integrating Delasport’s award-winning sportsbook solution, ProgressPlay continues to strengthen its offering, empowering operators with the most advanced sports betting solution in the UK and beyond.
“We are happy with expanding our partnership further with ProgressPlay and to be live soon with them soon in the United Kingdom as well,” said Rosaire Cavallaro, VP of Business Development at Delasport. “ProgressPlay’s mission aligns perfectly with ours to innovate and redefine the online gaming experience. Together, we aim to help operators exceed player expectations and achieve remarkable success in sports betting.”
ProgressPlay’s platform offers a comprehensive suite of services mainly in the United Kingdom, including Operations, CRM, Gambling Licenses, Player Management, Payment Processing, and Customer Care, supported by robust security measures and a commitment to regulatory compliance.
By incorporating Delasport’s modern sportsbook solution, ProgressPlay partners in the UK and beyond, can now access an unmatched sports betting experience, designed to engage players with personalization, unique betting features, and a seamless multi-device experience.
The post New ProgressPlay Brand Launches with Delasport’s Sportsbook appeared first on European Gaming Industry News.
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