Genius Sports Limited · NYSE:GENI
Genius Sports — Q3 2022 Earnings Presentation
17 slides from Genius Sports's earnings presentation, Nov 10, 2022
Slide 1: Third Quarter 2022 Earnings
Third Quarter 2022 Earnings November 10, 2022
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 |3
Slide 4: Business Updates
Business Updates |4
Slide 5: Continued Execution of Strategic Plan
Continued Execution of Strategic Plan • Q3 Group Revenues increased 14% (28% constant currency) YoY to $79M ($86M at guidance exchange rate1 vs. $85M guidance) Exceeding • Q3 Group Adj. EBITDA increased YoY from ($0.4M) to $8M ($9M at guidance exchange rate1 vs. $9M guidance) Financial Forecasts • 2
Slide 6: U.S. Betting Update Through First 3 Weeks of NFL Season
U.S. Betting Update Through First 3 Weeks of NFL Season Growth of U.S. Online Sports Betting Handle increased ~60% Growth in Handle year-on-year in Q3’22 • In-Play handle increased nearly 70% YoY (mix of total in-line with NFL In-Play Mix expectations) • In-Play GGR increased ~200% YoY (mix of total
Slide 7: Secured 27 New Sports Betting Customers in Q3
Secured 27 New Sports Betting Customers in Q3 New wins in Q3 have doubled our count of new customers in 2022 YTD New Sports Betting Customer Wins 2022 YTD 27 13 12 and more… Q1 2022 Q2 2022 Q3 2022 |7
Slide 8: Empowering Brand Activations Across Sports Audiences
Empowering Brand Activations Across Sports Audiences Performance based advertising Select consumer brand campaigns targeting to drive ticket sales sports audiences |8
Slide 9: Differentiated Technology Solidifies Genius at the Intersection of Sports, Betting, and Media
Differentiated Technology Solidifies Genius at the Intersection of Sports, Betting, and Media Bespoke Free-to-Play Games Innovative Broadcast Augmentation |9
Slide 10: Financial Results
Financial Results | 10
Slide 11: YTD Execution Ahead of Expectations, Despite FX Headwinds
YTD Execution Ahead of Expectations, Despite FX Headwinds 2022YTD Actual Results vs. Guidance ($m) Q3 2022 Results by Product Group ($m) $247 Q3 Results $236 At Guidance $231 Q3 Guidance Actual Exchange Rate1 $15 Betting $53 $49 $55 $13 $12 Media $19 $18 $19 Sports $12 $12 $12 Group Revenue $85 $79
Slide 12: Reaffirming Current Full-Year 2022 Financial Outlook
Reaffirming Current Full-Year 2022 Financial Outlook Stronger than expected results enable us to maintain full-year outlook despite presentational currency adjustments Current At Guidance Exchange Rate1 Outlook Q1 2022 Q2 2022 Q3 2022 ($m) Q4 2022E FY 2022E2 FY 2022E Actual Actual Actual Betting Tec
Slide 13: Genius Sports
Genius ‘SPORTS
Slide 14: Appendix
Genius ‘SPORTS
Slide 15: 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 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, December 31, December 31, 2022 2022 2022 2021 2021 2021 2021 2020 2021 2020 GAAP Operating Expenses Cost
Slide 17: GENI Share Count Build
GENI Share Count Build As of Total Capitalization (shares in millions) September 30, 2022 Ordinary shares issued and outstanding 201.4 Additional Securities Management restricted shares and options 4.2 Public Warrants1 7.7 NFL Enterprises LLC vested Warrants2 15.5 NFL Enterprises LLC unvested Warran