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Genius Sports Reports Second Quarter Results Ahead of Expectations and Raises Full-Year Revenue and Group Adj. EBITDA Guidance tmcnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tmcnet.com Daily Mail and Mail on Sunday newspapers.
Genius sees clear path to NYSE profitability after H1 growth sbcnews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbcnews.co.uk Daily Mail and Mail on Sunday newspapers.
Genius lifts 2021 forecasts following strong NYSE debut results Share A strong opening to year trading has led Genius Sports to raise its full-year 2021 forecasts, as the newly NYSE-listed enterprise targets corporate revenues of $250 to 260 million and adjusted EBITDA of approximately $10 to 20 million. The upgraded forecast follows Genius’ publishing of its Q1 trading results in which the sports-tech group registered a 52% year-on-year revenue increase to $53.7 million. Q1 trading saw Genius register double-digit metric growth across all core divisions, as its headline Betting Technology unit recorded a 42% increase in revenues to $39 million (Q1 2020: $27.5 million). The Betting Technology unit’s performance was driven by price increases on contract renewals and renegotiations of Genius’ official data rights strategy and the expansion of its value-added services for clients. ....