Genius Sports (GENI) - 2023 Q2 - Earnings Call Transcript

Under the original terms of the deal, we had agreed to issue an additional 2 million warrants for each of the years five and six upon renewal. Under the new terms of the renewal of years five and six, we've now removed the additional 4 million warrants and replaced them with a fixed cash consideration. This incremental cash cost will be spread across the outer years of our deal and recognized as normal course data rights fees within our cost of revenue and our adjusted EBITDA position. We believe that this ...