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.”