Revenue Growth - Group revenue for Q4 2021 reached 84.0million,representinga78.7262.7 million, with strong growth across all product lines[9] - Betting Technology, Content & Services revenue grew 60.2% year-over-year to 177.2 million, driven by customer growth and new service offerings[9] - Media Technology, Content & Services revenue more than doubled to 48.3 million, fueled by new customer acquisitions in the Americas and Europe[9] - Sports Technology & Services revenue increased 131.7% year-over-year to 37.2million,supportedbyrecentacquisitions[9]−Thecompanyexpectstogenerateapproximately340 million in group revenue and 15millioninadjustedEBITDAfor2022[8]−For2023,therevenueforecastisbetween430 million and 440million,withadjustedEBITDAexpectedtobe40 million to 50million[8]FinancialPerformance−GroupadjustedEBITDAforQ42021was(12.5) million, reflecting accelerated investment in the business[5] - The net loss for the year ended December 31, 2021, was 592.753million,comparedtoanetlossof30.348 million in 2020, representing an increase of 1,853%[15] - Adjusted EBITDA for the year ended December 31, 2021, was a loss of 1.550million,comparedtoaprofitof17.510 million in 2020[17] Cash Flow and Investments - Cash flows from operating activities resulted in a net cash used of 63.308millionfor2021,adecreasefromnetcashprovidedof17.073 million in 2020[15] - The company reported a net cash used in investing activities of 132.319millionfor2021,comparedto22.656 million in 2020, indicating a significant increase in investment outflows[15] - Financing activities generated net cash of 410.364millionin2021,asubstantialincreasefrom10.096 million in 2020, primarily due to proceeds from the merger with dMY Technology Group, Inc. II[15] - The cash balance at the end of the period increased to 222.378millionfrom11.781 million at the end of 2020, reflecting a net increase of 210.597million[15]StrategicInitiatives−GeniusannouncedatransformativepartnershipwiththeCanadianFootballLeaguetoenhancefanengagement[9]−Thecompanylaunched′RomoVision′technologyforNFLbroadcasts,enhancingviewerexperiencethroughadvancedanalytics[9]−Futureoutlookincludescontinuedinvestmentintechnologyandmarketexpansiontoenhancerelationshipswithsportsorganizationsandimproveoperationalperformance[30]Stock−BasedCompensation−Thecompanyexperiencedasignificantincreaseinstock−basedcompensation,totaling489.474 million for the year ended December 31, 2021, compared to none in 2020[15] Market Position - The company is positioned as a global leader in digital sports content and technology, serving over 400 sports leagues and federations worldwide[20] Performance Measurement - The company emphasizes the importance of adjusted EBITDA as a key performance measure to evaluate core operating performance and make strategic decisions[26]
Genius Sports (GENI)2022-03-10 16:00