UK: Genius Sports notches $US84M in Q4 revenue; betting tech revenue up more than 50% year-on-year

UK: Genius Sports notches $US84M in Q4 revenue; betting tech revenue up more than 50% year-on-year

Article brief provided by Front Office Sports
  • Amanda Christovich, Front Office Sports
March 13, 2022 11:29 PM
  • Amanda Christovich, Front Office Sports

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

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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.