Genius Sports Limited · NYSE:GENI
Genius Sports — Q1 2024 Earnings Presentation
16 slides from Genius Sports's earnings presentation, May 8, 2024
Slide 1: First Quarter 2024 Earnings
First Quarter 2024 Earnings May 8, 2024
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: Exceeding Financial Targets and Executing on Core Strategy
Exceeding Financial Targets and Executing on Core Strategy Q1 2024 Financial • Group Revenue of $120M, beating guidance of $117M and representing 23% year-on-year growth Results Exceeded • Betting and Media revenue increased by 14% and 63% year-on-year, respectively Expectations • Group Adj. EBITDA
Slide 6: Distribution of Technology Increases Monetization Opportunities
Distribution of Technology Increases Monetization Opportunities... Genius Sports technology collects deeper data and unlocks more AI-powered products and insights –in real-time Broadening distribution of technology with …leads to increased penetration of new league partnerships… Betting and Media pr
Slide 7: And Strengthens Relationships with Key League Partners
…And Strengthens Relationships with Key League Partners… In June 2023… Extended exclusive official data partnership through the 2024-25 season Extended Second Spectrum official tracking data & analytics partnership with the EPL Expanded partnership included Second Spectrum AI-powered tracking techno
Slide 8: Ultimately Supporting Growth in our Core Business Model
…Ultimately Supporting Growth in our Core Business Model Data monetization across Betting and Media products Positioned to Capture Increasing Demand for Media Services Positive Industry Trends Growth of US Online Sports Betting GGR: Customer acquisition and retention for Online Sportsbooks +23% YoY
Slide 9: Financial Results & Outlook
Financial Results & Outlook
Slide 10: Exceeded Expectations in Q1 2024
Exceeded Expectations in Q1 2024 Outperformance driven by strong growth in Media revenue Group Revenue ($M) Group Adj. EBITDA ($M) Revenue by Product ($M) $120 $65 Betting +14% $117 $74 $7 $6 $22 Media +63% $35 $11 Sports $10 Q1'24 Guidance Q1'24 Actual Q1'24 Guidance Q1'24 Actual Q1'23 Q1'24 Note:
Slide 11: 2024 Quarterly Group Revenue and Adj. EBITDA Guidance
2024 Quarterly Group Revenue and Adj. EBITDA Guidance ($m) Q1 2024A Q2 2024E Q3 2024E Q4 2024E FY 2024E Group Revenue $120 $94 $119 $167 $500 Group Adj. EBITDA $7 $21 $25 $29 $82 Expecting to generate positive cash flow in FY 2024 | 11
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Slide 13: Appendix
Appendix
Slide 14: Genius Sports Q1 P&L & Group Adjusted EBITDA Reconciliation
Genius Sports Q1 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 March 31,
Slide 15: 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 March 31, December 31, September 30, June 30, March 31, December 31, September 30, June 30, December 31, December 31, 2024 2023 2023 2023 2023 2022 2022 2022 2023 2022 GAAP Operating Expenses Cost
Slide 16: GENI Share Count Build
GENI Share Count Build As of Total Capitalization (shares in millions) March 31, 2024 Ordinary shares outstanding 210.9 Additional Securities Management restricted shares and options 1.6 NFL Enterprises LLC vested Warrants1 18.5 Unvested equity-settled RSUs and PSUs2 13.0 Total Additional Securities