Genius Sports used its first virtual investor day to reveal an updated financial outlook for the next two years, projecting that the data and technology firm’s revenue will hit $440m by 2023.
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Perhaps more significantly, Genius is projecting that it will make $15m in earnings before interest, taxes, depreciation and amortisation (Ebitda) this year, before seeing that rise to between $40m and $50m for 2023.
Although the company has not yet disclosed its results for the fourth quarter of 2021, Genius’ previous revenue projection was $262m and the company says that is set to grow to $340m for 2022.
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