Genius Sports Limited · NYSE:GENI
Genius Sports — Q3 2023 Earnings Presentation
17 slides from Genius Sports's earnings presentation, Nov 13, 2023
Slide 1: Third Quarter 2023 Earnings
Third Quarter 2023 Earnings November 13, 2023
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other
Slide 3: Contents
Contents 01 Business Updates 02 Financial Results & Outlook 03 Appendix
Slide 4: Business Updates
Business Updates
Slide 5: Consistent Execution Supporting Growth in Profitability
Consistent Execution Supporting Growth in Profitability • Q3 Group Revenue of $102M vs. guidance of $100M, representing 29% year-on-year growth Q3 2023 Results • Q3 Group Adj. EBITDA of $18M vs. guidance of $17M, representing 131% year-on-year growth Ahead of Guidance • Group Adj. EBITDA Margin impr
Slide 6: Technology Supports Long-Term League Partnerships
Technology Supports Long-Term League Partnerships… Technology integration protects data rights & unlocks new revenue streams across the league’s ecosystem AR Experiences on Snapchat NFL Team Picker New features on Thursday Night Football Sponsored by Verizon Identify potential blitzers AI-Powered St
Slide 7: …and Empowers New Forms of Fan Engagement
…and Empowers New Forms of Fan Engagement |7
Slide 8: BetVision Redefines the Betting Experience & Increases In-Play Volume
BetVision Redefines the Betting Experience & Increases In-Play Volume The story so far… 54% 83% of bets made by of handle from streamers were streamers was in-play bets in-play handle 121% 87% in-play handle increase in total growth from handle per streamers since streamer since Week 1 Week 1 Data r
Slide 9: Financial Results & Outlook
Financial Results & Outlook
Slide 10: Q3 2023 Results Exceeded Guidance
Q3 2023 Results Exceeded Guidance Operating leverage has led to consistent year-on-year margin improvement Q3 Q3 Group Adj. EBITDA ($m) ($m) Guidance Actual $53 * 2022 Betting Technology, 2023 $64 $66 $16 $18 Content and Services $16 $8 $8 $8 $11 * $3 Media Technology, $24 $23 Content and Services (
Slide 11: Full-Year Guidance Raised Throughout 2023
Full-Year Guidance Raised Throughout 2023 Rapidly expanding Group Adj. EBITDA margins as operating leverage materializes Group Revenue Guidance ($M) Group Adj. EBITDA Guidance ($M) 12.7% 12.9% 12.3% margin margin margin 10.5% margin $410 $412 $400 $52 $53 $391 $49 4.6% $41 margin $341 $16 2022A 2023
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Slide 13: Appendix
Appendix
Slide 14: Genius Sports Q3 P&L & Group Adjusted EBITDA Reconciliation
Genius Sports Q3 P&L & Group Adjusted EBITDA Reconciliation Condensed Consolidated Statements of Operations Reconciliation of U.S. GAAP Net loss to Group (Unaudited, amounts in thousands, Adjusted EBITDA except share and per share data) (Unaudited, amounts in thousands) Three Months Ended September
Slide 15: Genius Sports YTD P&L & Group Adjusted EBITDA Reconciliation
Genius Sports YTD P&L & Group Adjusted EBITDA Reconciliation Condensed Consolidated Statements of Operations Reconciliation of U.S. GAAP Net loss to Group (Unaudited, amounts in thousands, Adjusted EBITDA except share and per share data) (Unaudited, amounts in thousands) Nine Months Ended September
Slide 16: Reconciliation of GAAP Operating Expenses to non-GAAP Operating Expenses
Reconciliation of GAAP Operating Expenses to non-GAAP Operating Expenses Three Months Ended Year Ended September 30, June 30, March 31, December 31, September 30, June 30, March 31, December 31, September 30, December 31, December 31, 2023 2023 2023 2022 2022 2022 2022 2021 2021 2022 2021 GAAP Opera
Slide 17: GENI Share Count Build
GENI Share Count Build As of Total Capitalization (shares in millions) September 30, 2023 Ordinary shares issued and outstanding 208.9 Additional Securities Management restricted shares and options 2.2 NFL Enterprises LLC vested Warrants1 18.5 Unvested equity-settled RSUs and PSUs2 7.8 Total Additio