Genius Sports Limited (NYSE:GENI) Q2 2022 Earnings Conference Call August 16, 2022 8:00 AM ET
Company Participants
Brandon Bukstel - IR
Mark Locke - Co-Founder and CEO
Nicholas Taylor - CFO
Jack Davison - Chief Commercial Officer
Conference Call Participants
Bernie McTernan - Needham
Ryan Sigdahl - Craig-Hallum Capital Group
David Bain - B. Riley
Jed Kelly - Oppenheimer
Ben Chaiken - Credit Suisse
Robin Farley - UBS
Jason Bazinet - Citi
Mike Hickey - The Benchmark Company
Operator
Welcome to the Genius Sports Second Quarter Earnings Results 2022. Throughout the call, all participants will be in a listen-only mode and afterward, there will be a question-and-answer session. [Operator Instructions]
Today, I'm pleased to present Genius Sports. Please go ahead with your meeting.
Brandon Bukstel
Good morning, and thank you for joining us. Before we begin, we'd like to remind you that certain statements made during this call may constitute forward-looking statements that are subject to risks that could cause our actual results to differ materially from our historical results or from our forecast. We assume no responsibility for updating forward-looking statements. Any such statements should be considered in conjunction with cautionary statements in our earnings release and risk factor discussions in our filings with the SEC, including our last Annual Report on Form 20-F filed on March 18 of this year.
During the call, management will also discuss certain non-GAAP measures that we believe may be useful in evaluating Genius's operating performance. These measures should not be considered in isolation or as a substitute for Genius's financial results prepared in accordance with U.S. GAAP. A reconciliation of these non-GAAP measures to the most directly comparable U.S. GAAP measures is available in our earnings press release and earnings presentation, which can be found on our website at investors.geniussports.com.
With that, I'll now turn the call over to our CEO, Mark Locke.
Mark Locke
Good morning, and welcome to our second-quarter earnings call.
On today's call, I will discuss business highlights from the quarter, recent wins, and key metrics to look out for as we continue to accelerate both revenue and EBITDA growth for the rest of the year. I will then pass the call to our CFO, Nick Taylor, who will discuss our financial results and outlook in more detail.
To begin, we're pleased to announce that we've exceeded our guidance for the second consecutive quarter, demonstrating our successful execution through the first half of the year. Our Group revenues increased by nearly 30% year-on-year to $71 million ahead of our $68 million forecast despite currency headwinds which Nick will cover shortly.