{"id":204877,"date":"2022-03-11T09:16:59","date_gmt":"2022-03-11T17:16:59","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=204877"},"modified":"2022-03-11T10:28:03","modified_gmt":"2022-03-11T18:28:03","slug":"genius-sports-stock-falters-on-big-fourth-quarter-loss","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/","title":{"rendered":"Genius Sports Tumbles Despite Encouraging 2023 Outlook"},"content":{"rendered":"

Genius Sports (NYSE:GENI) stock is sliding today after the sports betting data provider’s fourth-quarter loss was wider than expected.<\/p>\n

\"Genius
The Genius Sports trading post at the New York Stock Exchange. The stock is slumping today. (Image: Front Office Sports<\/em>)<\/figcaption><\/figure>\n

In the last three months of 2021, Genius lost 28 cents a share on revenue of $84.01 million. Analysts expected a loss of 22 cents on sales of $80.72 million. The company reiterated previously issued forecasts for 2022 and 2023<\/a>, but that wasn’t enough to lift the ailing stock.<\/p>\n

As part of the Company’s Investor Day, held on January 27th, Genius announced its expectation to generate Group Revenue of approximately $340 million and Group Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $15 million in 2022. In 2023, it expects Group Revenue in the range of $430 to $440 million and Group Adjusted EBITDA of $40 to $50 million,\u201d<\/strong> said Genius in a statement.<\/p><\/blockquote>\n

Genius provides data in over 150 countries to more than 400 sports organizations, including the NFL, EPL, FIBA, NCAA, NASCAR, AFA, and PGA.<\/p>\n

Genius Concerns<\/h2>\n

A major reason Genius stock is struggling are investors\u2019 concerns regarding the substantial investments it needs to make to retain and expand market share. Today\u2019s EBITDA and revenue forecasts could eventually allay those fears<\/a>, but that could take time.<\/p>\n

\n

Still, the data provider posted some notable segment-level revenue increases last year. Sales at its media and content and sports technology and services divisions more than doubled. That’s while top-line growth at the betting technology services unit surged 60.2 percent year-over-year to $177.2 million.<\/p>\n<\/div>\n

The last three months of 2021 were a brisk period of dealmaking and product enhancement for Genius.<\/p>\n

The company \u201cagreed to transformative sports data and global technology partnership with the Canadian Football League (CFL) to grow fan engagement and extend media reach,\u201d according to the statement. \u201c(We) launched new \u2018RomoVision\u2019 technology for CBS broadcasts of the NFL and supported Nickelodeon\u2019s broadcast of the NFL playoffs using Second Spectrum\u2019s player tracking and video augmentation capabilities.\u201d<\/p>\n

Genius Has Work to Do<\/h2>\n

As is the case with so many sports betting equities<\/a> this year, Genius is being savagely repudiated by investors. Entering today, the shares were down 35 percent year-to-date, and 81.41 percent below the 52-week high.<\/p>\n

\n

Investors and some analysts soured<\/a> on Genius and rival Sportradar (NASDAQ:SRAD) because of concerns the companies are giving up too much to land deals with various sports leagues. The bull case for sports betting data stocks largely centers around the data scarcity mentioned by analysts, as well as the expansion of regulated sports wagering.<\/p>\n<\/div>\n

The consensus price target on Genius stock is $15.70, or more than triple where the shares currently reside, indicating it’s possible analysts could unveil cuts to their projections.<\/p>\n","protected":false},"excerpt":{"rendered":"

Genius Sports (NYSE:GENI) stock is sliding today after the sports betting data provider’s fourth-quarter loss was wider than expected. In the last three months of 2021, Genius lost 28 cents a share on revenue of $84.01 million. Analysts expected a loss of 22 cents on sales of $80.72 million. The company reiterated previously issued forecasts […]<\/p>\n","protected":false},"author":46,"featured_media":204878,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,16693],"tags":[],"acf":[],"yoast_head":"\nGenius Sports Stock Falters On Big Fourth-Quarter Loss<\/title>\n<meta name=\"description\" content=\"Genius Sports stock falls after Q4 loss as guidance doesn't impress investors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genius Sports Stock Falters On Big Fourth-Quarter Loss\" \/>\n<meta property=\"og:description\" content=\"Genius Sports stock falls after Q4 loss as guidance doesn't impress investors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-11T17:16:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-11T18:28:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/geni.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/\",\"url\":\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/\",\"name\":\"Genius Sports Stock Falters On Big Fourth-Quarter Loss\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/geni.jpg\",\"datePublished\":\"2022-03-11T17:16:59+00:00\",\"dateModified\":\"2022-03-11T18:28:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Genius Sports stock falls after Q4 loss as guidance doesn't impress investors.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/genius-sports-stock-falters-on-big-fourth-quarter-loss\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/geni.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/03\/geni.jpg\",\"width\":1200,\"height\":800,\"caption\":\"The Genius Sports trading post at the New York Stock Exchange. 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