Genius Sports Expects Significant Growth in 2022, 2023

January 28, 2022

It is expected to grow this year and in 2023, according to Genius.

Genius held its inaugural virtual Investor Day, revealing major aspirations for the company's future and current financial status. There were sessions with significant partners for the company like the NFL, Sky Betting and Gaming, and Football DataCo during the event.

Genius intends to make around $340 million in revenue in fiscal year 2022. Furthermore, the company stated that it aims to generate $15 million in adjusted EBITDA this year. Furthermore, Genius thinks that growth will continue in 2023. In 2023, the firm expects revenue to be in the region of $430 to $440 million, according to the company. Genius also stated that its EBITDA in 2023 will be between $40 and $50 million.

The Company's first priority is to invest in the US market.

According to Genius, the US market will be critical to the company's success. According to the corporation, it would invest in the market, which will result in a "high growth opportunity and predicted profitability by 2024."

Genius also admitted that its acquisition strategy aided in the discovery of intriguing long-term development and scalability potential. The NFL collaboration is also strategically vital to the corporation, according to the company, and it has the potential to generate tremendous value.

On a Strong Foundation, Genius Continues to Build

Mark Locke, Genius' CEO and co-founder, explained that the company connects fans, advertising, leagues, and bookmakers. Furthermore, he stated that the company's technology collects best-in-class data from all around the world and uses it to power "the high-growth global sports ecosystem." It's difficult to envision how the sector would function successfully without Genius' vital data and technology solutions, according to Locke.