Genius Sports Reports Third Quarter Results Above Expectations and Raises Full-Year 2024 Group Revenue and Adj. EBITDA Growth Outlook to 24% and 61%, Respectively
-
Group Revenue of
$120m , exceeding third quarter guidance of$119m , representing 18% growth year-over-year -
Group Net Income of
$13m and Group Adj. EBITDA of$26m , exceeding guidance of$25m and increasing 45% year-over-year -
Raised 2024 Group Revenue and Adj. EBITDA guidance to
$511m and$86m , respectively, representing growth of 24% and 61% and nearly 400bps of margin expansion - Reaffirming expectation to generate positive cash flow in 2024
-
Agreed improved commercial terms with all major
U.S. sportsbook customers and many others across the globe
“Our strong results are underpinned by our successful commercial execution, positioning us to capture profitable growth alongside our partners as the sports betting industry continues to evolve and expand,” said
|
$ in thousands |
|
Q324 |
|
|
Q323 |
|
|
% |
|||||
|
Group Revenue |
|
|
120,198 |
|
|
|
101,729 |
|
|
|
18.2 |
% |
|
|
Betting Technology, Content & Services |
|
|
85,625 |
|
|
|
65,927 |
|
|
|
29.9 |
% |
|
|
Media Technology, Content & Services |
|
|
22,126 |
|
|
|
22,938 |
|
|
|
(3.5 |
%) |
|
|
Sports Technology & Services |
|
|
12,447 |
|
|
|
12,864 |
|
|
|
(3.2 |
%) |
|
|
Group Net Income (Loss) |
|
|
12,505 |
|
|
|
(11,616 |
) |
|
nm |
|
|
|
|
Group Adjusted EBITDA |
|
|
25,691 |
|
|
|
17,695 |
|
|
|
45.2 |
% |
|
|
Group Adjusted EBITDA Margin |
|
|
21.4 |
% |
|
|
17.4 |
% |
|
|
400 |
bps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
$ in thousands |
|
YTD24 |
|
|
YTD23 |
|
|
% |
|||||
|
Group Revenue |
|
|
335,363 |
|
|
|
285,805 |
|
|
|
17.3 |
% |
|
|
Betting Technology, Content & Services |
|
|
226,646 |
|
|
|
187,529 |
|
|
|
20.9 |
% |
|
|
Media Technology, Content & Services |
|
|
75,554 |
|
|
|
63,059 |
|
|
|
19.8 |
% |
|
|
Sports Technology & Services |
|
|
33,163 |
|
|
|
35,217 |
|
|
|
(5.8 |
%) |
|
|
Group Net Loss |
|
|
(34,828 |
) |
|
|
(47,082 |
) |
|
|
26.0 |
% |
|
|
Group Adjusted EBITDA |
|
|
53,366 |
|
|
|
41,387 |
|
|
|
28.9 |
% |
|
|
Group Adjusted EBITDA Margin |
|
|
15.9 |
% |
|
|
14.5 |
% |
|
|
140 |
bps |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
nm = not meaningful |
|
|
|
|
|
|
|
|
|
|
|||
Q3 2024 Financial Highlights
-
Group Revenue: Group revenue increased 18% year-over-year to
$120.2 million .- Betting Technology, Content & Services: Revenue increased 30% year-over-year to
$85.6 million , driven primarily by higher customer utilization of Genius’ available content, combined with growth in business with existing customers as a result of price increases on contract renewals and renegotiations. - Media Technology, Content & Services: Revenue decreased 4% year-over-year to
$22.1 million . - Sports Technology & Services: Revenue decreased 3% year-over-year to
$12.4 million .
- Betting Technology, Content & Services: Revenue increased 30% year-over-year to
-
Group Net Income: Group net income was
$12.5 million in the third quarter endedSeptember 30, 2024 , representing a$24.1 million increase compared to the ($11.6 million ) loss in the third quarter endedSeptember 30, 2023 . -
Group Adjusted EBITDA: Group Adjusted (non-GAAP) EBITDA was
$25.7 million in the quarter, exceeding guidance of$25.0 million . This represents a 45% increase compared to the$17.7 million reported in the third quarter endedSeptember 30, 2023 and 400 basis points of margin expansion.
Q3 2024 Business Highlights
-
Announced new long-term deal with
ESPN to help transform live, data-driven storytelling forNCAA sports and enhance broadcasts for the NBA andWNBA - Partnered with Reddit to power new sports scores feature with official NFL data, bringing the power of live game data to real-time fan conversations
-
Appointed
Mark Kropf as Group Chief Technology Officer, joining fromGoogle 's Office of the Chief Technology Officer -
After the reporting period:
-
Agreed improved commercial terms with all major
U.S. sportsbook customers and many others across the globe - Launched FANHub, the world’s first advertising and activation platform custom-built to reach and engage sports fans
-
Partnered with The
Los Angeles Rams to provide fans with augmented, data-driven in-game highlights withinSoFi Stadium -
Appointed former President of Microsoft's Entertainment & Devices Division,
Robert J. Bach , as an Independent Director
-
Agreed improved commercial terms with all major
Financial Outlook
|
$ in millions |
|
Q1 2024A |
|
|
Q2 2024A |
|
|
Q3 2024A |
|
|
Q4 2024E |
|
|
FY 2024E |
|
|||||
|
Group Revenue |
|
|
120 |
|
|
|
95 |
|
|
|
120 |
|
|
|
176 |
|
|
|
511 |
|
|
Group Adjusted EBITDA |
|
|
7 |
|
|
|
21 |
|
|
|
26 |
|
|
|
32 |
|
|
|
86 |
|
|
|
||||||||||||||||
|
Condensed Consolidated Statements of Operations |
||||||||||||||||
|
(Unaudited) |
||||||||||||||||
|
(Amounts in thousands, except share and per share data) |
||||||||||||||||
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||
|
|
|
|
|
|
|
|
||||||||||
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
||||
|
Revenue |
|
$ |
120,198 |
|
|
$ |
101,729 |
|
|
$ |
335,363 |
|
|
$ |
285,805 |
|
|
Cost of revenue |
|
|
80,116 |
|
|
|
77,446 |
|
|
|
254,106 |
|
|
|
227,316 |
|
|
Gross profit |
|
|
40,082 |
|
|
|
24,283 |
|
|
|
81,257 |
|
|
|
58,489 |
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Sales and marketing |
|
|
9,455 |
|
|
|
5,827 |
|
|
|
27,531 |
|
|
|
19,807 |
|
|
Research and development |
|
|
5,848 |
|
|
|
6,115 |
|
|
|
19,683 |
|
|
|
18,196 |
|
|
General and administrative |
|
|
30,403 |
|
|
|
20,399 |
|
|
|
82,855 |
|
|
|
58,091 |
|
|
Transaction expenses |
|
|
432 |
|
|
|
832 |
|
|
|
2,524 |
|
|
|
2,156 |
|
|
Total operating expense |
|
|
46,138 |
|
|
|
33,173 |
|
|
|
132,593 |
|
|
|
98,250 |
|
|
Loss from operations |
|
|
(6,056 |
) |
|
|
(8,890 |
) |
|
|
(51,336 |
) |
|
|
(39,761 |
) |
|
Interest (expense) income, net |
|
|
(13 |
) |
|
|
1,157 |
|
|
|
1,001 |
|
|
|
1,373 |
|
|
Gain (loss) on disposal of assets |
|
|
1 |
|
|
|
(10 |
) |
|
|
(18 |
) |
|
|
(32 |
) |
|
Gain (loss) on fair value remeasurement of contingent consideration |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(2,809 |
) |
|
Change in fair value of derivative warrant liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(534 |
) |
|
Gain (loss) on foreign currency |
|
|
21,099 |
|
|
|
(4,210 |
) |
|
|
17,190 |
|
|
|
(1,913 |
) |
|
Total other income (expense) |
|
|
21,087 |
|
|
|
(3,063 |
) |
|
|
18,173 |
|
|
|
(3,915 |
) |
|
Income (loss) before income taxes |
|
|
15,031 |
|
|
|
(11,953 |
) |
|
|
(33,163 |
) |
|
|
(43,676 |
) |
|
Income tax expense |
|
|
(4,618 |
) |
|
|
(1,163 |
) |
|
|
(4,404 |
) |
|
|
(5,763 |
) |
|
Gain from equity method investment |
|
|
2,092 |
|
|
|
1,500 |
|
|
|
2,739 |
|
|
|
2,357 |
|
|
Net income (loss) |
|
$ |
12,505 |
|
|
$ |
(11,616 |
) |
|
$ |
(34,828 |
) |
|
$ |
(47,082 |
) |
|
Earnings (loss) per share attributable to common stockholders: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Basic |
|
$ |
0.05 |
|
|
$ |
(0.05 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.21 |
) |
|
Diluted |
|
$ |
0.05 |
|
|
$ |
(0.05 |
) |
|
$ |
(0.15 |
) |
|
$ |
(0.21 |
) |
|
Weighted average common stock outstanding: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Basic |
|
|
229,588,604 |
|
|
|
227,257,564 |
|
|
|
229,460,263 |
|
|
|
225,343,728 |
|
|
Diluted |
|
|
233,730,434 |
|
|
|
227,257,564 |
|
|
|
229,460,263 |
|
|
|
225,343,728 |
|
|
|
||||||||
|
Condensed Consolidated Balance Sheets |
||||||||
|
(Amounts in thousands, except share and per share data) |
||||||||
|
|
|
(Unaudited) |
|
|
|
|
||
|
|
|
|
|
|
|
|
||
|
|
|
2024 |
|
|
2023 |
|
||
|
ASSETS |
|
|
|
|
|
|
||
|
Current assets: |
|
|
|
|
|
|
||
|
Cash and cash equivalents |
|
$ |
42,314 |
|
|
$ |
100,331 |
|
|
Restricted cash, current |
|
|
26,761 |
|
|
|
— |
|
|
Accounts receivable, net |
|
|
73,033 |
|
|
|
71,088 |
|
|
Contract assets |
|
|
49,924 |
|
|
|
38,802 |
|
|
Prepaid expenses |
|
|
25,998 |
|
|
|
27,231 |
|
|
Other current assets |
|
|
6,351 |
|
|
|
7,329 |
|
|
Total current assets |
|
|
224,381 |
|
|
|
244,781 |
|
|
Property and equipment, net |
|
|
16,857 |
|
|
|
11,552 |
|
|
Intangible assets, net |
|
|
115,131 |
|
|
|
129,670 |
|
|
Operating lease right of use assets |
|
|
8,075 |
|
|
|
7,011 |
|
|
|
|
|
326,011 |
|
|
|
326,011 |
|
|
Investments |
|
|
30,736 |
|
|
|
26,399 |
|
|
Restricted cash, non-current |
|
|
— |
|
|
|
25,462 |
|
|
Other assets |
|
|
3,687 |
|
|
|
4,838 |
|
|
Total assets |
|
$ |
724,878 |
|
|
$ |
775,724 |
|
|
LIABILITIES AND SHAREHOLDERS’ EQUITY |
|
|
|
|
|
|
||
|
Current liabilities: |
|
|
|
|
|
|
||
|
Accounts payable |
|
$ |
26,409 |
|
|
$ |
57,379 |
|
|
Accrued expenses |
|
|
67,813 |
|
|
|
56,331 |
|
|
Deferred revenue |
|
|
40,299 |
|
|
|
44,345 |
|
|
Current debt |
|
|
23 |
|
|
|
7,573 |
|
|
Operating lease liabilities, current |
|
|
3,238 |
|
|
|
3,610 |
|
|
Other current liabilities |
|
|
11,312 |
|
|
|
13,676 |
|
|
Total current liabilities |
|
|
149,094 |
|
|
|
182,914 |
|
|
Long-term debt – less current portion |
|
|
4 |
|
|
|
19 |
|
|
Deferred tax liability |
|
|
15,623 |
|
|
|
15,335 |
|
|
Operating lease liabilities, non-current |
|
|
4,892 |
|
|
|
3,501 |
|
|
Other liabilities |
|
|
— |
|
|
|
936 |
|
|
Total liabilities |
|
|
169,613 |
|
|
|
202,705 |
|
|
Shareholders’ equity |
|
|
|
|
|
|
||
|
Common stock, |
|
|
2,152 |
|
|
|
2,132 |
|
|
B Shares, |
|
|
2 |
|
|
|
2 |
|
|
Additional paid-in capital |
|
|
1,678,736 |
|
|
|
1,646,082 |
|
|
|
|
|
(17,653 |
) |
|
|
(17,653 |
) |
|
Accumulated deficit |
|
|
(1,059,315 |
) |
|
|
(1,024,487 |
) |
|
Accumulated other comprehensive loss |
|
|
(48,657 |
) |
|
|
(33,057 |
) |
|
Total shareholders’ equity |
|
|
555,265 |
|
|
|
573,019 |
|
|
Total liabilities and shareholders’ equity |
|
$ |
724,878 |
|
|
$ |
775,724 |
|
|
|
||||||||
|
Condensed Consolidated Statements of Cash Flows (Unaudited) |
||||||||
|
(Amounts in thousands) |
||||||||
|
|
|
Nine Months Ended |
|
|||||
|
|
|
2024 |
|
|
2023 |
|
||
|
Cash Flows from operating activities: |
|
|
|
|
|
|
||
|
Net loss |
|
$ |
(34,828 |
) |
|
$ |
(47,082 |
) |
|
Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
|
|
|
|
||
|
Depreciation and amortization |
|
|
57,208 |
|
|
|
53,025 |
|
|
Loss on disposal of assets |
|
|
18 |
|
|
|
32 |
|
|
Loss on fair value remeasurement of contingent consideration |
|
|
— |
|
|
|
2,809 |
|
|
Stock-based compensation |
|
|
32,955 |
|
|
|
19,248 |
|
|
Change in fair value of derivative warrant liabilities |
|
|
— |
|
|
|
534 |
|
|
Non-cash interest expense, net |
|
|
— |
|
|
|
187 |
|
|
Non-cash lease expense |
|
|
3,431 |
|
|
|
2,941 |
|
|
Amortization of contract cost |
|
|
939 |
|
|
|
743 |
|
|
Deferred income taxes |
|
|
— |
|
|
|
710 |
|
|
Allowance for expected credit losses |
|
|
(122 |
) |
|
|
1,441 |
|
|
Gain from equity method investment |
|
|
(2,739 |
) |
|
|
(2,357 |
) |
|
(Gain) loss on foreign currency remeasurement |
|
|
(16,940 |
) |
|
|
1,224 |
|
|
Changes in operating assets and liabilities |
|
|
|
|
|
|
||
|
Accounts receivable |
|
|
(3,933 |
) |
|
|
(32,285 |
) |
|
Contract assets |
|
|
(11,122 |
) |
|
|
(4,555 |
) |
|
Prepaid expenses |
|
|
1,233 |
|
|
|
(22,056 |
) |
|
Other current assets |
|
|
2,480 |
|
|
|
562 |
|
|
Other assets |
|
|
(1,287 |
) |
|
|
1,547 |
|
|
Accounts payable |
|
|
(30,970 |
) |
|
|
10,529 |
|
|
Accrued expenses |
|
|
11,482 |
|
|
|
8,767 |
|
|
Deferred revenue |
|
|
(5,485 |
) |
|
|
(268 |
) |
|
Other current liabilities |
|
|
(3,579 |
) |
|
|
(1,865 |
) |
|
Operating lease liabilities |
|
|
(3,516 |
) |
|
|
(2,982 |
) |
|
Net cash used in operating activities |
|
|
(4,775 |
) |
|
|
(9,151 |
) |
|
Cash flows from investing activities: |
|
|
|
|
|
|
||
|
Purchases of property and equipment |
|
|
(9,446 |
) |
|
|
(2,480 |
) |
|
Capitalization of internally developed software costs |
|
|
(38,110 |
) |
|
|
(33,004 |
) |
|
Distributions from equity method investments |
|
|
1,561 |
|
|
|
1,555 |
|
|
Purchases of intangible assets |
|
|
— |
|
|
|
(240 |
) |
|
Proceeds from disposal of assets |
|
|
10 |
|
|
|
53 |
|
|
Net cash used in investing activities |
|
|
(45,985 |
) |
|
|
(34,116 |
) |
|
Cash flows from financing activities: |
|
|
|
|
|
|
||
|
Repayment of loans and mortgage |
|
|
(16 |
) |
|
|
(16 |
) |
|
Proceeds from exercise of Public Warrants |
|
|
— |
|
|
|
6,812 |
|
|
Repayment of promissory notes |
|
|
(7,575 |
) |
|
|
(7,387 |
) |
|
Net cash used in financing activities |
|
|
(7,591 |
) |
|
|
(591 |
) |
|
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
|
|
1,633 |
|
|
|
1,229 |
|
|
Net decrease in cash, cash equivalents and restricted cash |
|
|
(56,718 |
) |
|
|
(42,629 |
) |
|
Cash, cash equivalents and restricted cash at beginning of period |
|
|
125,793 |
|
|
|
159,020 |
|
|
Cash, cash equivalents and restricted cash at end of period |
|
$ |
69,075 |
|
|
$ |
116,391 |
|
|
Supplemental disclosure of cash activities: |
|
|
|
|
|
|
||
|
Cash paid during the period for interest |
|
$ |
579 |
|
|
$ |
3 |
|
|
Cash paid during the period for income taxes |
|
$ |
1,596 |
|
|
$ |
4,132 |
|
|
Supplemental disclosure of noncash investing and financing activities: |
|
|
|
|
|
|
||
|
Acquisition of common shares by subsidiary in connection with warrant redemptions |
|
$ |
— |
|
|
$ |
17,653 |
|
|
Issuance of common stock in connection with business combinations |
|
$ |
— |
|
|
$ |
10,157 |
|
|
|
||||||||||||||||
|
Reconciliation of |
||||||||||||||||
|
(Amounts in thousands) |
||||||||||||||||
|
|
|
Three Months Ended |
|
|
Nine Months Ended |
|
||||||||||
|
|
|
2024 |
|
|
2023 |
|
|
2024 |
|
|
2023 |
|
||||
|
|
|
(dollars, in thousands) |
|
|||||||||||||
|
Consolidated net income (loss) |
|
$ |
12,505 |
|
|
$ |
(11,616 |
) |
|
$ |
(34,828 |
) |
|
$ |
(47,082 |
) |
|
Adjusted for: |
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
Net, interest expense (income) |
|
|
13 |
|
|
|
(1,157 |
) |
|
|
(1,001 |
) |
|
|
(1,373 |
) |
|
Income tax expense |
|
|
4,618 |
|
|
|
1,163 |
|
|
|
4,404 |
|
|
|
5,763 |
|
|
Amortization of acquired intangibles (1) |
|
|
2,725 |
|
|
|
10,321 |
|
|
|
21,953 |
|
|
|
30,171 |
|
|
Other depreciation and amortization (2) |
|
|
12,946 |
|
|
|
7,942 |
|
|
|
36,194 |
|
|
|
23,597 |
|
|
Stock-based compensation (3) |
|
|
9,322 |
|
|
|
5,063 |
|
|
|
34,559 |
|
|
|
19,392 |
|
|
Transaction expenses |
|
|
432 |
|
|
|
832 |
|
|
|
2,524 |
|
|
|
2,156 |
|
|
Litigation and related costs (4) |
|
|
3,295 |
|
|
|
21 |
|
|
|
5,643 |
|
|
|
1,413 |
|
|
Change in fair value of derivative warrant liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
534 |
|
|
Loss on fair value remeasurement of contingent consideration |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2,809 |
|
|
(Gain) loss on foreign currency |
|
|
(21,099 |
) |
|
|
4,210 |
|
|
|
(17,190 |
) |
|
|
1,913 |
|
|
Other (5) |
|
|
934 |
|
|
|
916 |
|
|
|
1,108 |
|
|
|
2,094 |
|
|
Adjusted EBITDA |
|
$ |
25,691 |
|
|
$ |
17,695 |
|
|
$ |
53,366 |
|
|
$ |
41,387 |
|
- Includes amortization of intangible assets generated through business acquisitions (inclusive of amortization for marketing products, acquired technology, and historical data rights related to the acquisition of a majority interest in Genius in 2018).
- Includes depreciation of Genius’ property and equipment, amortization of contract costs, and amortization of internally developed software and other intangible assets. Excludes amortization of intangible assets generated through business acquisitions.
- Includes restricted shares, stock options, equity-settled restricted share units, cash-settled restricted share units and equity-settled performance-based restricted share units granted to employees and directors (including related employer payroll taxes) and equity-classified non-employee awards issued to suppliers.
-
Includes litigation and related costs incurred by the Company relating to discrete and non-routine legal proceedings that are not part of the normal operations of the Company’s business. For the three and nine months ended
September 30, 2024 and 2023, legal proceedings included Sportscastr litigation and dMY litigation (see Note 16 "Commitments and Contingencies" to the Company's condensed consolidated financial statements included in the Company's Current Report on Form 6-K filed with theU.S. Securities and Exchange Commission (the "SEC ") onNovember 12, 2024 , and Spirable litigation (see Item 3.D "Risks Related to Legal Matters and Regulations" in the Company's Annual Report on Form 20-F filed onMarch 15, 2024 for further details). All other legal proceedings are expensed as part of our on-going operations and included in general and administrative expenses. - Includes professional fees for finance transformation project, expenses incurred related to earn-out payments on historical acquisitions, gain/loss on disposal of assets, severance costs and non-recurring compensation payments.
Webcast and Conference Call Details
The live conference call and webcast may be accessed on the
About
We are the trusted partner to over 400 sports organizations, including many of the world’s largest leagues and federations such as the NFL, EPL,
Non-GAAP Financial Measures
This press release includes non-GAAP financial measures not presented in accordance with
Adjusted EBITDA
We present Group adjusted
Group Adjusted EBITDA is used by management to evaluate Genius’ core operating performance on a comparable basis and to make strategic decisions. Genius believes Group Adjusted EBITDA is useful to investors for the same reasons as well as in evaluating Genius’ operating performance against competitors, which commonly disclose similar performance measures. However, Genius’ calculation of Group Adjusted EBITDA may not be comparable to other similarly titled performance measures of other companies. Group Adjusted EBITDA and Group Adjusted EBITDA margin are not intended to be a substitute for any US GAAP financial measure.
We do not provide a reconciliation of Group adjusted EBITDA to consolidated net income/(loss) on a forward-looking basis because we are unable to forecast certain items required to develop meaningful comparable GAAP financial measures without unreasonable efforts. These items are difficult to predict and estimate and are primarily dependent on future events. The impact of these items could be significant to our projections.
Forward-Looking Statements
This press release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements. These forward-looking statements include information about our possible or assumed future results of operations or our performance. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” and variations of such words and similar expressions are intended to identify such forward looking statements. Although we believe that the forward-looking statements contained in this press release are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to: risks related to our reliance on relationships with sports organizations and the potential loss of such relationships or failure to renew or expand existing relationships; fraud, corruption or negligence related to sports events, or by our employees or contracted statisticians; risks related to changes in domestic and foreign laws and regulations or their interpretation; compliance with applicable data protection and privacy laws; pending litigation and investigations; the failure to protect or enforce our proprietary and intellectual property rights; claims for intellectual property infringement; our reliance on information technology; elevated interest rates and inflationary pressures, including fluctuating foreign currency and exchange rates; risks related to domestic and international political and macroeconomic uncertainty; and other factors included under the heading “Risk Factors” in our Annual Report on Form 20-F filed with the
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements contained in this press release, or the documents to which we refer readers in this press release, to reflect any change in our expectations with respect to such statements or any change in events, conditions or circumstances upon which any statement is based.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112208245/en/
Media
+1 (202) 766-4430
chris.dougan@geniussports.com
Investors
+1 (954)-554-7932
brandon.bukstel@geniussports.com
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