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$DMYD is this will become the next Palantir ($PLTR) of the Gambling industry?
Genius Sports - basically captures and provides sports stats, data and technology that powers sports betting platforms, such as DraftKings $DKNG , Fanduel, etc. on behalf of professional leagues
Genius Sports - basically captures and provides sports stats, data and technology that powers sports betting platforms, such as DraftKings $DKNG , Fanduel, etc. on behalf of professional leagues
/1 More states are legalizing sports betting, serving as a major growth catalyst: Genius customers are seeing 2-3x revenue growth in 2020
Sports leagues are coming back in fully in 2021 with COVID vaccination just on the horizon
Sports leagues are coming back in fully in 2021 with COVID vaccination just on the horizon
/2 Genius has a clear economic moat built around:
Proprietary technology to track and record in-game statistics on behalf of major sports leagues, in exchange for data rights
7,000+ statisticians and agents on the ground, managing 240K+ events per year
Proprietary technology to track and record in-game statistics on behalf of major sports leagues, in exchange for data rights
7,000+ statisticians and agents on the ground, managing 240K+ events per year
/3 Highly customizable software that manages every aspect of a sportsbook’s data and trading offering, including advertising and streaming services
Highly fragmented market for technology, content and media within sports ripe for consolidation to boost growth outside of plan
Highly fragmented market for technology, content and media within sports ripe for consolidation to boost growth outside of plan
/4 Partnerships:
Their technology has proved to be incredibly well made with long term contracts with some big dogs you'll recognize:
Basketball: NBA, NCAA, March Madness
Golf: PGA, LPGA, European Tour
Online Sportsbooks: DraftKings & Fanduel
Sportsbooks: MGM, Caesars, SkyBet
Their technology has proved to be incredibly well made with long term contracts with some big dogs you'll recognize:
Basketball: NBA, NCAA, March Madness
Golf: PGA, LPGA, European Tour
Online Sportsbooks: DraftKings & Fanduel
Sportsbooks: MGM, Caesars, SkyBet
/5 Financials:
Already makes $140M+ in revenue AND is profitable, with $14M in 2020 EBITDA
Growing at 30% CAGR, with $230M revenue and $68M EBITDA by 2022
$500M+ EBITDA potential in the horizon
The majority of 2020 revenue is locked in for 3-4 years on average.
Already makes $140M+ in revenue AND is profitable, with $14M in 2020 EBITDA
Growing at 30% CAGR, with $230M revenue and $68M EBITDA by 2022
$500M+ EBITDA potential in the horizon
The majority of 2020 revenue is locked in for 3-4 years on average.
/6 If Genius Sports were to trade at a similar 2022E revenue multiple of 19x as Draftkings, it would imply a stock price of $24-25.
