| --- | --- | --- | |-----------------------------|-------|-------| | | | | | | | | | | | | | | | | | Third Quarter 2024 Earnings | | | | November 12, 2024 | | | 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 than statements of historical facts are forward-lo ...

Core Viewpoint - Genius Sports Limited reported a quarterly loss of $0.02 per share, which aligns with the Zacks Consensus Estimate, showing improvement from a loss of $0.06 per share a year ago [1] - The company achieved revenues of $120.2 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.96% and up from $101.73 million year-over-year [2] Financial Performance - The company has not surpassed consensus EPS estimates over the last four quarters, with a previous expectation of a loss of $0.04 per share turning into an actual loss of $0.09, resulting in a surprise of -125% [1] - Genius Sports Limited has topped consensus revenue estimates four times in the last four quarters [2] Stock Performance - Shares of Genius Sports Limited have increased approximately 30.7% since the beginning of the year, outperforming the S&P 500's gain of 25.8% [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock movements, with current consensus EPS estimates at $0.02 on revenues of $175.75 million for the upcoming quarter and -$0.20 on revenues of $509.85 million for the current fiscal year [4][7] - The estimate revisions trend for Genius Sports Limited is mixed, currently resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Internet - Content industry, to which Genius Sports Limited belongs, is currently in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Performance - Revenue for the three months ended September 30, 2024, was $120,198 thousand, a 18.0% increase from $101,729 thousand in the same period of 2023[8] - Gross profit for the three months ended September 30, 2024, was $40,082 thousand, compared to $24,283 thousand for the same period in 2023, representing a 65.0% increase[8] - Net income for the three months ended September 30, 2024, was $12,505 thousand, a significant improvement from a net loss of $11,616 thousand in the same period of 2023[10] - Total revenue for the nine months ended September 30, 2024, reached $335,363 thousand, a 17% increase from $285,805 thousand in the same period of 2023[44] - Net loss for the nine months ended September 30, 2024, was $34,828 million, an improvement from a net loss of $47,082 million for the same period in 2023[13] Assets and Liabilities - Total current assets decreased to $224,381 thousand as of September 30, 2024, down from $244,781 thousand at December 31, 2023[6] - Total liabilities decreased to $169,613 thousand as of September 30, 2024, compared to $202,705 thousand at December 31, 2023, reflecting a reduction of approximately 16.3%[6] - Total shareholders' equity decreased to $555,265 thousand as of September 30, 2024, down from $573,019 thousand at December 31, 2023[5] - Cash and cash equivalents decreased to $42,314 thousand as of September 30, 2024, down from $100,331 thousand at December 31, 2023[6] Revenue Breakdown - Revenue from Betting Technology, Content and Services for the nine months ended September 30, 2024, was $226,646 thousand, up 21% from $187,529 thousand in the same period of 2023[44] - Revenue from Europe for the three months ended September 30, 2024, was $68,365 thousand, representing a 22% increase from $56,211 thousand in the same period of 2023[45] - Revenue from Sports Technology and Services for the three months ended September 30, 2024, was $12,447 thousand, slightly down from $12,864 thousand in the same period of 2023[44] - Revenue from Media Technology, Content and Services for the three months ended September 30, 2024, was $22,126 thousand, a slight decrease from $22,938 thousand in the same period of 2023[44] Expenses - Operating expenses for the three months ended September 30, 2024, totaled $46,138 thousand, an increase from $33,173 thousand in the same period of 2023[8] - General and administrative expenses rose to $30.4 million for the three months ended September 30, 2024, up from $20.4 million, marking a 49% increase[142] - Sales and marketing expenses increased to $9.5 million for the three months ended September 30, 2024, compared to $5.8 million, reflecting a 62% rise[140] - Cost of revenue increased to $80.1 million for the three months ended September 30, 2024, from $77.4 million, primarily due to higher data rights costs[139] Cash Flow - Cash used in operating activities decreased to $4,775 million for the nine months ended September 30, 2024, compared to $9,151 million in the prior year[13] - Cash used in investing activities increased to $45,985 million for the nine months ended September 30, 2024, from $34,116 million in 2023[13] - Cash and cash equivalents at the end of the period were $69,075 million, down from $116,391 million at the end of September 30, 2023[13] Stock and Compensation - The company reported a basic earnings per share of $0.05 for the three months ended September 30, 2024, compared to a loss of $0.05 per share in the same period of 2023[8] - The compensation cost recognized for restricted shares during the nine months ended September 30, 2024 was $4.6 million, compared to $4.4 million for the same period in 2023[76] - The company had 91,436 stock options outstanding as of September 30, 2024, with a weighted average exercise price of $10.00[78] Foreign Currency and Market Risks - The company underwent a change in functional currency from GBP to USD effective January 1, 2024, due to changes in the primary economic environment[17] - Genius' primary market risk exposure is to foreign currency exchange, with ongoing sensitivity analysis conducted[175] - The company does not currently hedge its foreign currency translation or transaction exposure but may consider it in the future[125] Legal and Compliance - The company is not currently involved in material legal proceedings, but is engaged in various pending and threatened litigation and regulatory matters[176] - Compliance with additional requirements as a large accelerated filer may increase legal, accounting, and financial compliance costs[178]

Genius Sports Limited (NYSE:GENI) Q2 2024 Results Conference Call August 6, 2024 8:00 AM ET Company Participants Brandon Bukstel - Investor Relations Manager Mark Locke - Chief Executive Officer Nicholas Taylor - Chief Financial Officer Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Bernie McTernan - Needham and Company Robin Farley - UBS Jordan Bender - Citizens JMP Jed Kelly - Oppenheimer & Co Mike Hickey - Benchmark Company Chad Beynon - Macquarie Eric Martinuzzi - Lake Street Cap ...

Genius Sports Limited (GENI) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -125%. A quarter ago, it was expected that this company would post a loss of $0.09 per share when it actually produced a loss of $0.11, delivering a surprise of -22.22%. Over the last four quarters, the company has ...

Genius Sports Limited Condensed Consolidated Statements of Operations (Unaudited) (Amounts in thousands, except share and per share data) 3 | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|----------------------------|----------------------|--------------------------|--------------------| | | | Three Months June \n2024 | Ended 30, \n2023 | Six Months June \n2024 | Ended 30, \n2023 | | Net loss | | $(21,792) | $(10,298) | $(47,333) | $(35,466) | | Other comprehe ...

For Genius Sports Limited, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on GENI going forward to see if this recent jump can turn into more strength down the road. For Shutterstock, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.01. This represents a change of -5.6% from ...

Genius Sports Limited (NYSE:GENI) Q1 2024 Results Conference Call May 8, 2024 8:00 AM ET Company Participants Mark Locke - CEO Nick Taylor - CFO Conference Call Participants Jed Kelly - Oppenheimer Bernie McTernan - Needham Ryan Sigdahl - Craig-Hallum Robin Farley - UBS Ben Miller - Goldman Sachs David Bain - B. Riley Clark Lampen - BTIG Jordan Bender - Citizens JMP Securities Chad Beynon - Macquarie Eric Martinuzzi - Lake Street Brett Knoblauch - Cantor Fitzgerald Operator Thank you for standing by. My nam ...

Genius Sports Limited (GENI) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this company would post a loss of $0.06 per share when it actually produced a loss of $0.12, delivering a surprise of -100%.Over the last four quarters, the company has no ...

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