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Genius Sports revenues up 59.8 per cent, but Ebitda down 68.7 per cent

(Photo Credit: NYSE)

Global sports data provider Genius Sports generated $85.9m (€82.5m) in group revenues in the first quarter of 2022, an increase of 59.8 per cent from the same period last year ($53.7m), according to the firm’s latest set of accounts.

In the statement, the company reaffirmed projections issued during an investor day this January that it will generate $340m in revenues and $15m in group adjusted Ebitda for the whole year “despite risks related to foreign exchange and ceased commercial operations in Russia and Ukraine”. The firm also stuck behind projections of $430m in revenues and $40m to $50m in Ebitda for 2023.

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