Genius Sports posts $30.3m loss, in first public accounts

Finance News

Genius Sports has announced financial results for its fiscal 2020 fourth quarter and full year ended December 31, 2020.

Group revenue increased 30.6% year-over-year to $149.7 million, with strong growth across all product lines. On a constant currency basis, revenue increased $34.5 million, or 30% year-over-year. Group adjusted EBITDA margin was 11.7% for the year. Genius posted a net loss of $30.3 million for 2020.

“2020 was a landmark year for Genius, with outstanding performance amidst the challenges presented by the global pandemic,” said Mark Locke, GSL Co-Founder and CEO.

“We have entered 2021 with great momentum, bolstered by our recently-completed merger with dMY II and NYSE listing, as well as our exclusive partnership with the NFL. I am more confident than ever about the opportunities ahead as we continue to leverage our unique technology and scale to grow alongside the rapidly expanding global sports, betting and media ecosystem.”

RECOMMENDED