{"id":288,"date":"2021-05-25T01:53:00","date_gmt":"2021-05-24T22:53:00","guid":{"rendered":"https:\/\/xxbet-company.com\/genius-sports-lifts-2021-revenue-outlook-by-35-percent\/"},"modified":"2021-05-25T01:53:00","modified_gmt":"2021-05-24T22:53:00","slug":"genius-sports-lifts-2021-revenue-outlook-by-35-percent","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/ja\/genius-sports-lifts-2021-revenue-outlook-by-35-percent\/","title":{"rendered":"Genius Sports Lifts 2021 Revenue Outlook by 35 Percent"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/ja\/genius-sports-lifts-2021-revenue-outlook-by-35-percent\/#Momentum_Building_for_Genius\" title=\"Momentum Building for Genius\">Momentum Building for Genius<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/ja\/genius-sports-lifts-2021-revenue-outlook-by-35-percent\/#Finally_Upped_Guidance_Pays_Off\" title=\"Finally, Upped Guidance Pays Off\">Finally, Upped Guidance Pays Off<\/a><\/li><\/ul><\/nav><\/div>\n<p>In its second earnings report as a stand-alone public company, Genius Sports (NYSE:GENI) said Thursday sales in the January through March period jumped 52 percent to $53.7 million, easily beating analysts\u2019 estimate of $44 million.<\/p>\n<figure aria-describedby=\"caption-attachment-174319\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-174319 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-142x80.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-142x80.jpg?x38396\" alt=\"Genius Sports\" width=\"1200\" height=\"675\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1.jpg 1920w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-174319\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-142x80.jpg?x38396\" alt=\"Genius Sports\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/05\/ml-1.jpg 1920w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">Genius Sports CEO Mark Locke pictured during a recent interview. The company raised 2021 revenue guidance. (Image:<em> Bloomberg<\/em>)<\/figcaption><\/figure>\n<p>That\u2019s impressive, but investors are likely focusing on the company boosting its full-year revenue guidance to $250 million to $260 million from $190 million. Genius also forecast 2021 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $10 million to $20 million. Thursday\u2019s bullish update <a href=\"https:\/\/www.casino.org\/news\/genius-spac-shares-soar-on-analyst-comments-revenue-forecast\/\" rel=\"nofollow noopener\" target=\"_blank\">comes about four months <\/a>after the sports betting data provider revealed what was considered at the time to be positive guidance for 2021.<\/p>\n<blockquote class=\"main-blockquote\">\n<p>Our strategy of powering the global sports data ecosystem has supported our growth in the quarter, and we\u2019re confident in our ability to continuously improve our end-to-end solution and deliver on our increased guidance for the year,\u201d said CEO Mark Locke in a statement.<\/p>\n<\/blockquote>\n<p>Shares of Genius surged nearly 10 percent on the news, rising on volume that was more than double the daily average. That\u2019s good for one of the stock\u2019s best intraday performances since its merger with special purpose acquisition company dMY Technology Group, Inc. II, which paved the way for Genius to go public. That transaction <a href=\"https:\/\/www.casino.org\/news\/genius-stock-soars-in-first-trading-day-following-spac-deal\/\" rel=\"nofollow noopener\" target=\"_blank\">closed a month ago<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Momentum_Building_for_Genius\"><\/span>Momentum Building for Genius<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the investment community has been enthralled with <a href=\"https:\/\/www.casino.org\/news\/entain-considering-bidding-for-william-hill-international-assets\/\" rel=\"nofollow noopener\" target=\"_blank\">consumer-facing sports betting<\/a> operators, Genius is proving there are gains to be had with data providers.<\/p>\n<div class=\"callout\">\n<p>Since its SPAC separation, Genius stock is higher by 8.65 percent. Under any circumstances, that\u2019s an impressive showing. But for the betting data provider, it\u2019s even more so, because sports wagering equities have recently been slumping, as have shares of companies that came to market by way of <a href=\"https:\/\/www.casino.org\/news\/wynn-interactive-going-public-in-spac-merger-with-austerlitz-acquisition\/\" rel=\"nofollow noopener\" target=\"_blank\">blank-check deals<\/a>.<\/p>\n<\/div>\n<p>Enthusiasm for Genius stock is tied to a recent six-year data accord with the NFL that is worth an estimated $1 billion, as well as a two-year marketing partnership with FanDuel. Under the terms of the deal with the largest online sportsbook operator, Genius will provide data-based advertising services.<\/p>\n<p>In the first three months of the year, Genius also announced partnerships with Major League Baseball (MLB), Superstar Racing Experience (SRX), Major League Rugby (MLR), and Japan B.LEAGUE, among others.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Finally_Upped_Guidance_Pays_Off\"><\/span>Finally, Upped Guidance Pays Off<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Genius joins a now lengthy list of gaming companies that revealed <a href=\"https:\/\/www.casino.org\/news\/skillz-stock-may-get-some-relief-if-company-beats-2021-guidance\/\" rel=\"nofollow noopener\" target=\"_blank\">upbeat 2021 outlooks<\/a> in recent weeks. But prior to the data provider\u2019s update, strong guidance wasn\u2019t met with comparable strength in terms of share price performance. In fact, most gaming companies guiding higher on the top line saw their stocks slide following those reports.<\/p>\n<p><strong>Genius said its betting technology, content, and services business generated $39 million of revenue in the first quarter. That\u2019s its biggest division, and the 42 percent increase is attributable to pricing power. This is a positive sign for investors and one that confirms sportsbook operators will pay up for premium data.<\/strong><\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/genius-raises-2021-revenue-guidance-expects-up-to-20m-ebitda\/\" target=\"_blank\">Genius Sports Lifts 2021 Revenue Outlook by 35 Percent<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>In its second earnings report as a stand-alone public company, Genius Sports (NYSE:GENI) said Thursday sales in the January through March period jumped 52 percent to $53.7 million, easily beating analysts\u2019 estimate of $44 million. Genius Sports CEO Mark Locke pictured during a recent interview. The company raised 2021 revenue guidance. (Image: Bloomberg) That\u2019s impressive, but investors are likely focusing on the company boosting its full-year revenue guidance to $250 million to $260 million from $190 million. Genius also forecast 2021 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $10 million to $20 million. Thursday\u2019s bullish update comes about four months after the sports betting data provider revealed <a href=\"https:\/\/xxbet-company.com\/ja\/genius-sports-lifts-2021-revenue-outlook-by-35-percent\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/288"}],"collection":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/comments?post=288"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/posts\/288\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media\/289"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/media?parent=288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/categories?post=288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/ja\/wp-json\/wp\/v2\/tags?post=288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}