Genius Sports Limited (NYSE:GENI) Q1 2022 Earnings Conference Call May 12, 2022 8:00 AM ET
Company Participants
Mark Locke – Co-Founder and Chief Executive Officer
Nicholas Taylor – Chief Financial Officer
Jack Davison – Chief Commercial Officer
Josh Linforth – Commercial Director, Media & Engagement
Conference Call Participants
Bernie McTernan – Needham
Ryan Sigdahl – Craig–Hallum Capital Group
Jed Kelly – Oppenheimer & Co.
Robin Farley – UBS
Mike Hickey – Benchmark
Operator
Ladies and gentlemen, thank you for holding. Welcome to the Genius Sports First Quarter Earnings Results 2022 call. Throughout the call, all participants will be in a listen only mode, and afterwards, there will be a question-and-answer session. [Operational Instructions]. Today, I am pleased to present Genius Sports. Go ahead with your meeting.
Unidentified Analyst
Good morning, and thank you for joining us today. 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 forecasts. 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 18th of this year. During the call, management will also discuss certain non-GAAP measures that we believe maybe useful in evaluating Genius ' operating performance.
These measures should not be considered in isolation or as a substitute for Genius ' 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 thank you again for joining us today. For those who follow Genius, over the past few months, you may have heard us frequently reference our Investor Day where we provided you deep dive on our business model and outlined our strategic plan supporting a profitable outlook for 2022, 2023 and beyond. Our 2022 outlook also included detailed quarterly guidance on the segmental levels to demonstrate near-term progress of our strategic plan. We are pleased to share that we are successfully executing on that plan to begin the year and we have delivered financial results ahead of our expectations in the first quarter. Our group revenues increased 60% year-on-year to $86 million exceeding our guidance of $78 million.