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Genius Sports Hosts its First Virtual Investor Day; Provides Business Overview Deep Dive and Expectations for Group Adj. EBITDA Profitability in 2022 and 2023

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  • Announces 2022 financial outlook of approximately $340 million in Group Revenue and $15 million in Group Adj. EBITDA
  • Expects 2023 Group Revenue and Group Adj. EBITDA in the range of $430 to $440 million and $40 to $50 million, respectively

Genius Sports Limited  will host its first virtual Investor Day, where the company’s management team will discuss their strategic vision, provide a deep-dive on the three product groups, and present a detailed overview of the company’s current financial position and future outlook. The event will also include sessions with customers and partners of Genius, including the National Football League, Football DataCo, Sky Betting and Gaming, a Board member appointed by Apax Partners, Chairman, David Levy and Genius executive, Steve Bornstein.

“Genius is the key link between leagues, sportsbooks, media outlets, advertisers, and ultimately, fans. Our best-in-class data collection technology is used around the clock and around the globe, powering the high-growth global sports ecosystem. It is difficult to imagine this industry operating efficiently without the mission critical data and technology solutions we provide,” said Mark Locke, GSL Co-Founder and CEO.

“We have a clear plan in place to build on this strong foundation and drive profitability for Genius Sports Group in 2022 and 2023, and I am more confident than ever in the growth opportunities ahead as we continue to expand our operations around the world.”

 

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Key Takeaways

During the event, management will detail how Genius will deliver near, medium, and long-term growth and profitability:

  • Genius expects to achieve Group Adj. EBITDA profitability in 2022 and 2023 of $15 million and $40 to $50 million, respectively, with continued profitability growth thereafter
  • The original business1 is already delivering Adj. EBITDA margins of approximately 20%
  • The US business is a key area of investment with strong growth opportunity and expected profitability by 2024 on an Adj. EBITDA basis
  • Genius’ acquisition strategy has strengthened its technology platform and unlocked exciting opportunities for long-term growth and scale
  • Deeply integrated partnerships position Genius at the heart of the ecosystem with strategic competitive advantages via its differentiated technology
  • The NFL partnership is strategically important for Genius to create value across the entire organization

 

Financial Outlook

In 2022, the company expects to generate Group Revenue of approximately $340 million and Group Adj. EBITDA of approximately $15 million. In 2023, it expects Group Revenue in the range of $430 to $440 million and Group Adj. EBITDA of $40 to $50 million.

 

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$M

Q1

Q2

Q3

Q4

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FY22

FY23

Group Revenue

$78

$68

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$85

$109

$340

$430-440

     Betting Technology, Content & Services

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$48

$44

$53

$71

$216

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     Sports Technology & Services

$12

$12

$12

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$13

$49

 

     Media Technology, Content & Services

$18

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$12

$19

$26

$75

 

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Group Adj. EBITDA

($5)

$8

$9

$3

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$15

$40-50

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Latest News

Uncover the gold in 3 Oaks Gaming’s 3 Clover Pots: Hold and Win

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Distributor unleashes Magic Pots feature in Irish-themed title

3 Oaks Gaming, an established distributor of iGaming content, has unveiled its latest slot, 3 Clover Pots: Hold and Win, featuring an Irish-inspired makeover of its popular 3 Pots mechanic.

In this 5×3 title players will be greeted by the friendly Leprechaun, serving as the game’s Wild Symbol. The path to big wins is illuminated by the shimmering Gold Clover Bonus Symbols; amassing a minimum of six of these symbols sets the stage for the Hold & Win round.

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The powerful Magic Pots feature is poised to transform respins into a cascade of epic rewards. As the Red, Green, and Purple Special Bonus Symbols land they fill the corresponding clover pot metres. When full, players will be transported to the Bonus Round with a matching booster – Double, Mystery, or Collect – with the potential to activate all three simultaneously.

During the Hold and Win round’s respins, Mystery Symbols could unveil a Jackpot – Mini, Minor, and Major. To claim the coveted x5,000 Grand Jackpot, players must fill the entire screen with Clovers.

Players can trigger the Free Spins game with three Scatter Symbols, during which Wild Symbols carry a x2 multiplier.

Yuriy Muratov, Chief Commercial Officer at 3 Oaks Gaming, said: “With mesmerising graphics and meticulous attention to detail, 3 Clover Pots is designed to captivate and immerse players with a wide range of features.

“We’re excited to introduce this latest addition to our collection and eagerly anticipate its success amongst our esteemed partners.”

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The post Uncover the gold in 3 Oaks Gaming’s 3 Clover Pots: Hold and Win appeared first on European Gaming Industry News.

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Wazdan grows in Bosnia and Herzegovina with Admiralbet

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Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, is set to raise its profile in Bosnia and Herzegovina after partnering with leading brand Admiralbet.

The first batch of Wazdan’s high-performing slots to have gone live with the operator includes player-favourites such as Sizzling Moon™, 9 Coins™, 9 Coins™ Grand Gold Edition, and Magic Spins™ with further titles to be announced in the coming months.

Admiralbet players are now able to enjoy a much-strengthened selection of games that offer Wazdan’s engagement-boosting mechanics, including Cash Infinity™, Collect to Infinity™ and Hold the Jackpot.

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This latest European expansion follows several similar partnerships for Wazdan in a first quarter which has seen a significant level of commercial growth following its recent rebrand and consistent game release roadmap.

Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Bosnia and Herzegovina is the latest territory to see us grow our influence in.

“We’re enjoying an incredible rate of growth now, backed by a rock-solid games portfolio and welcoming major partners like Admiralbet just elevates that success. We’re confident we have the best possible ally in the country thanks to this development.”

Admiralbet’s Online Casino Manager, Nikola Zakic, said: “Admiralbet is a company that strives for constant improvement and development to keep up with world standards.

“Gaining access to Wazdan’s products furthers that strategy fantastically well. It gives us a range of games that we know our players will enjoy and maintains our place as a leader in Bosnia and Herzegovina.”

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The post Wazdan grows in Bosnia and Herzegovina with Admiralbet appeared first on European Gaming Industry News.

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Uncover more treasure in Blueprint Gaming’s The Goonies Megaways™

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One of Blueprint Gaming’s most popular series returns, as the gang is back to discover more secrets hidden in One-Eyed Willy’s treasure map in The Goonies Megaways™.

Built in partnership with Warner Bros. Discovery Global Themed Entertainment, the newest instalment from its series of games inspired by the award-winning film offers Megaways™ alongside Cash Collect features.

The film’s iconic characters lead the way on a colourful background with bespoke logos and symbols as players try to move the Inferno along the treasure map to trigger the bonus game by landing collect symbols. Reaching the One-Eyed Willy position will unlock its own unique upgrade.

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Landing four collect symbols awards free spins and a cash multiplier, alongside the potential of a x10 each time a cash win is collected.

Cash symbols are present between reels 1-6, with the special Collect symbol awarded by landing on the sixth reel.

Activate free spins by landing three or more scatters, with 10 free spins awarded in the base game and more retriggering 10 additional spins if three more scatters land.

The game showcases Blueprint Gaming’s ability to provide additional features to a beloved series while maintaining the core characteristics found within its previous critically acclaimed titles. It also is the latest example of its capacity to develop first-class content based on a multi-genre IP that crosses cinema and multimedia platforms.

Jo Purvis, Director of Marketing & Relationships at Blueprint Gaming, said: “The latest addition to The Goonies series adds Megaways™ to player’s pursuit of One-Eyed Willy’s treasure, and this shows we are committed to evolving the licenced games in our portfolio. We’ve retained the familiar feel the wildly popular branding brings while still ensuring the features and gameplay offer the engagement players demand.

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“The game’s artwork stays true to the cult film, following its beloved design and symbols, and we’re sure players will enjoy the immersive experience provided by the soundtrack, as well as the special new bonus round.”

The post Uncover more treasure in Blueprint Gaming’s The Goonies Megaways™ appeared first on European Gaming Industry News.

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