Genius Sports Limited · NYSE:GENI
Genius Sports — Q2 2023 Earnings Presentation
19 slides from Genius Sports's earnings presentation, Aug 7, 2023
Slide 1: Second Quarter 2023 Earnings
Second Quarter 2023 Earnings August 7, 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: Continued Execution in the Second Quarter of 2023
Continued Execution in the Second Quarter of 2023 • Q2 Group Revenue of $87M vs. guidance of $80M, representing 22% year-on-year growth Q2 2023 Results • Q2 Group Adj. EBITDA of $16M vs. guidance of $14M, resulting in 18% Group Adj. EBITDA margin Ahead of Guidance • 1H 2023 Group Adj. EBITDA more th
Slide 6: Extended Rights Agreements with Key Partners
Extended Rights Agreements with Key Partners Extended exclusive official data partnership through the Extended exclusive official data partnership through the 2024-25 season 2027-28 season Extended Second Spectrum official tracking data & Wide ranging technology partnership includes data analytics p
Slide 7: Technology Supports Long-Term League Partnerships
Technology Supports Long-Term League Partnerships Genius is deeply integrated in the digital ecosystem of leagues, benefitting multiple stakeholders ✓ Official data distribution for global regulated ✓ Real-time video augmentation for NFL broadcasts sports betting market ✓ Local sponsor integration f
Slide 8: Second Spectrum is Fundamental to Genius' Growth Strategy
Second Spectrum is Fundamental to Genius’ Growth Strategy New Revenue Opportunities Strengthened Competitive Advantage Broadcasters ⎯ Today: analog data, collected manually ⎯ Real-time broadcast augmentation ⎯ Tomorrow: richer, deeper data, collected automatically with computer vision ⎯ Alternate br
Slide 9: Successful Media Executions for Brand Name Customers
Successful Media Executions for Brand Name Customers Utilized data and technology to manage sports-centric digital advertising campaigns for a broad range of customers beyond sports betting Returning Customers Select New Customers |9
Slide 10: Financial Results & Outlook
Financial Results & Outlook
Slide 11: Q2 2023 Results Exceeded Guidance
Q2 2023 Results Exceeded Guidance 2023YTD Group Adj. EBITDA more than quadrupled year-on-year Q2 Q2 Group Revenue ($M) Group Adj. EBITDA ($M) ($m) Guidance Actual +22% +87% Betting Technology, $53 $57 Content and Services $86.8 $15.7 Media Technology, $71.1 $8.4 $16 $18 Content and Services Q2 2022
Slide 12: Raising Full-Year 2023 Guidance
Raising Full-Year 2023 Guidance Rapidly expanding Group Adj. EBITDA margins as operating leverage materializes Group Revenue Guidance ($M) Group Adj. EBITDA Guidance ($M) 12.7% 12.3% margin margin 10.5% margin $410 $400 $52 $391 $49 4.7% $41 margin $341 $16 2022A 2023E 2023E 2023E 2022A 2023E 2023E
Slide 13: Quarterly Summary of Full-Year Guidance Increase
Quarterly Summary of Full-Year Guidance Increase ($m) Q1 2023A Q2 2023A Q3 2023E Q4 2023E FY 2023E Betting Technology, $65 $57 $64 $80 $266 Content and Services Media Technology, $22 $18 $24 $31 $95 Content and Services Sports Technology and $11 $12 $12 $15 $50 Services Group Revenue $97 $87 $100 $1
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Slide 15: Appendix
Appendix
Slide 16: Genius Sports Q2 P&L & Group Adjusted EBITDA Reconciliation
Genius Sports Q2 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 June 30, T
Slide 17: Genius Sports 1H P&L & Group Adjusted EBITDA Reconciliation
Genius Sports 1H 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) Six Months Ended June 30, Six
Slide 18: 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 June 30, March 31, December 31, September 30, June 30, March 31, December 31, September 30, December 31, December 31, 2023 2023 2022 2022 2022 2022 2021 2021 2022 2021 GAAP Operating Expenses Cost
Slide 19: GENI Share Count Build
GENI Share Count Build As of Total Capitalization (shares in millions) June 30, 2023 Ordinary shares issued and outstanding 208.6 Additional Securities Management restricted shares and options 2.3 NFL Enterprises LLC vested Warrants1 18.5 Unvested equity-settled RSUs and PSUs2 6.8 Total Additional S