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A Thread on $DMYD:
Genius Sports (Ticker: DMYD) basically captures and provides sports stats, data and technology that powers sports betting platforms, such as DraftKings, Fanduel, etc. on behalf of professional leagues
Genius Sports (Ticker: DMYD) basically captures and provides sports stats, data and technology that powers sports betting platforms, such as DraftKings, Fanduel, etc. on behalf of professional leagues
* Some things to note:
* With the advent of in-sports real-time betting, the market is exploding at over **25%** annually
* More states are legalizing sports betting, serving as a major growth catalyst: Genius customers are seeing **2-3x revenue growth** in 2020
* With the advent of in-sports real-time betting, the market is exploding at over **25%** annually
* 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
* This is a **duopoly market with high barriers of entry**, the other main rival being Sportsradar (remember the FEAC hype?)
* This is a **duopoly market with high barriers of entry**, the other main rival being Sportsradar (remember the FEAC hype?)
* 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
* 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**
* Highly customizable software that manages every aspect of a sportsbook’s data and trading offering, including advertising and streaming services
* Highly customizable software that manages every aspect of a sportsbook’s data and trading offering, including advertising and streaming services
* Significant opportunity for inorganic growth via M&A
* 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
Partnerships:
Basketball: NBA, NCAA, March Madness
Soccer: FIFA, Premier League, Serie A, Bundesliga
Golf: PGA, LPGA, European Tour
Racing: NASCAR
Online Sportsbooks: DraftKings & Fanduel
Traditional Sportsbooks: MGM, Caesars, SkyBet, William Hill
Basketball: NBA, NCAA, March Madness
Soccer: FIFA, Premier League, Serie A, Bundesliga
Golf: PGA, LPGA, European Tour
Racing: NASCAR
Online Sportsbooks: DraftKings & Fanduel
Traditional Sportsbooks: MGM, Caesars, SkyBet, William Hill
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
* Customer contracts have **guaranteed minimums** with
* 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
* Customer contracts have **guaranteed minimums** with
upside on usage. The majority of 2020 revenue is **locked in** **for 3-4 years** on average
* Only ever lost one customer in the past three years
@BillSPACman @SpacTraderinTra @SpacGuru @StockSwingAlert
* Only ever lost one customer in the past three years
@BillSPACman @SpacTraderinTra @SpacGuru @StockSwingAlert
