$/€ Genius Sports’ Revenue Increased by 30% In 2022, Reaching $341 Million
Lina Almans
14 June 2022
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Genius Sports, a provider of sports data and technology, released their financial results for 2022. According to CDC Gaming Reports, the company’s revenue reached $341 million.
Compared to 2021, where they earned $262.7 million, Genius Sports managed to increase their revenue by 30% last year. This growth was seen in all their departments, both in quarterly and annual figures:
| Group Revenue | Financial Highlights |
| Technology, content, and services for the betting industry | up 21.5% for Q4 and 18.1% for the year |
| Media technology | up 50.4% for Q4 and 71.2% for the year |
| Sports technology and services | up 8.6% for Q4 and 31.9% for the year |
The adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) for 2022 was $15.79 million, which is nine times more than in 2021. Based on the 2022 results and current figures, Genius Sports’ management predicts revenue will increase to $391 million in 2023.
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