Genius Sports Limited · NYSE:GENI
Genius Sports — Q2 2024 Earnings Presentation
18 slides from Genius Sports's earnings presentation, Aug 6, 2024
Slide 1: Second Quarter 2024 Earnings
Second Quarter 2024 Earnings August 6, 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 02 03 Business Updates Financial Results Appendix & Outlook
Slide 4: Business Updates
Business Updates
Slide 5: Exceeding Financial Targets and Executing on Core Strategy
Exceeding Financial Targets and Executing on Core Strategy ▪ Group Revenue of $95M, exceeding guidance of $94M Strong Q2 2024 ▪ Group Adj. EBITDA of $21M, matching our guidance of $21M and representing 33% year-on-year growth Financial Results ▪ Group Adj. EBITDA margin expanded by nearly 400bps yea
Slide 6: Deepening Technology Integrations Support Long-Term League Partnerships
Deepening Technology Integrations Support Long-Term League Partnerships Genius Sports’ expanding technology solutions provide access to full sports ecosystem and enable wide-scale monetization of data and overall fan engagement New dynamic Semi- EFL Fantasy Performance Live Data for Player Broadcast
Slide 7: Genius Sports Technology Empowers Leagues and Federations
Genius Sports Technology Empowers Leagues and Federations Computer Vision and AI tracking technology is unlocking next generation of data and products for major leagues and federations globally Augmented broadcasts becoming ubiquitous Expanding technology footprint ▪ Tracking Technology installed in
Slide 8: Reaccelerating Revenue Growth & Improving Group Adj. EBITDA Profitability in 2024
Reaccelerating Revenue Growth & Improving Group Adj. EBITDA Profitability in 2024 23% 59% 25% FY 2024E Group FY 2024E Group Adj. Group Revenue CAGR Revenue Growth EBITDA Growth (FY 2021 – FY 2024E) Positive Cash 280% 375 bps Flow Group Adj. EBITDA CAGR FY 2024E Group Adj. (FY 2021 – FY 2024E) EBITDA
Slide 9: Financial Results & Outlook
Financial Results & Outlook
Slide 10: Group Revenue Outperformance and Strong Group Adj. EBITDA Growth in Q2
Group Revenue Outperformance and Strong Group Adj. EBITDA Growth in Q2 60% incremental contribution to Group Adj. EBITDA, resulting in nearly 400bps of margin expansion year-on-year Group Revenue ($M) Group Adj. EBITDA ($M) +$5.1 +$8.6 $95.4 $20.8 $15.7 $86.8 Q2 2023 Q2 2024 Q2 2023 Q2 2024
Slide 11: 2024 Quarterly Group Revenue and Adj. EBITDA Guidance
2024 Quarterly Group Revenue and Adj. EBITDA Guidance FY 2024 Group Revenue Guidance ($m) ($m) Group Revenue Group Adj. EBITDA $510 $500 $480 Q1 2024A $120 $7 Q2 2024A $95 $21 As of Q4 As of Q1 As of Q2 Q3 2024E $119 $25 FY 2024 Group Adj. EBITDA Guidance ($m) $85 $82 Q4 2024E $176 $32 $75 FY 2024E
Slide 12: Expecting Continued YoY Group Adj. EBITDA Margin Expansion
Expecting Continued YoY Group Adj. EBITDA Margin Expansion Group Adj. EBITDA Margins 21.8% 21.0%* 18.0% 17.4% 18.2%* 16.7%* 12.9% 11.8% 9.7% 9.4% 8.3% 5.7% 4.6% 2.5% -3.4% Q1 Q2 Q3 Q4 FY 2022 2023 2024 *Expectation based on most recent 2024 guidance
Slide 13: Q&A
Q&A
Slide 14: Appendix
Appendix
Slide 15: 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 16: 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 17: 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, 2024 2024 2023 2023 2023 2023 2022 2022 2023 2022 GAAP Operating Expenses Cost
Slide 18: GENI Share Count Build
GENI Share Count Build Total Capitalization (shares in millions) As of June 30, 2024 Ordinary shares outstanding 211.0 Additional Securities Management restricted shares and options 1.6 NFL Enterprises LLC vested Warrants1 18.5 Unvested equity-settled RSUs and PSUs2 19.4 Total Additional Securities