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Tuesday, July 23, 2024
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Genius Sports Notches $84M In Revenue

  • Genius Sports earned group revenue of $84 million, a 78.7% increase from the same period last year.
  • The company’s annual group revenue went up 75.5% compared with 2020 — pulling in a total of $262.7 million. 
Genius Sports/Design: Alex Brooks

Genius Sports’ fourth-quarter earnings report demonstrated major growth in both Q4 and 2021. 

The company earned group revenue of $84 million, a 78.7% increase from the same period last year.

  • Betting technology revenue went up more than 50%, raking in $53.9 million. 
  • Revenue doubled to $17.1 million in media technology.
  • Sports technology brought in three times the amount it did last year for a total of $13.1 million.

The numbers build upon the momentum coming from the third quarter, which similarly saw more than 70% of group revenue growth from the comparable period in 2020.

Successful Year

Mark Locke, GSL co-founder and CEO, called 2021 a “transformational year” for the brand.

The company’s group revenue went up 75.5% compared with 2020 — pulling in a total of $262.7 million. 

The growth was powered by a merger with dMY Technology Group in April 2021 for $1.5 billion, as well as several deals with major brands including FanDuel and the NFL.

The company expects even more rapid growth in 2022. Its group revenue projection is about $340 million.

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