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.
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.