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  "documentTitle": "Genius Sports Limited (GENI)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-08-05 00:00:00",
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  "notes": "Uses expert testimony and competitor data to cast doubt on the sustainability of Genius's growth.",
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      "text": "How is Genius' growth outpacing competitors by such a wide margin?",
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      "text": "revenue growth: 25%",
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      "text": "While Genius has reported strong growth during the COVID-19 pandemic, Spruce Point finds competitors’ revenue growth is significantly lower than Genius’. When speaking with an industry expert and former employee of Genius’ closest competitor Sportradar, they stated the business had limited growth in 2020 compared to 2019. How is Genius’ growth outpacing competitors by such a wide margin? We believe there has been a one-time boast in 2020 from the addition of the Premier League in Q4 2019.",
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      "kind": "quote",
      "text": "As to how this impacted Kambi’s year-to-date performance, revenue for the nine months to the end of September was €70.7m, an increase of 7.8% on the same point last year.",
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      "text": "Now, in times of Corona, you found out that live sports being shut down suddenly became an issue. No one had thought about it before, but if there are no live events, there's no betting data. That's why Sportradar in 2020 roughly has the same numbers as 2019. So that was a year of no growth. That is because there were two to three months with no live sports.",
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      "text": "Now, in times of Corona, you found out that live sports being shut down suddenly became an issue. No one had thought about it before, but if there are no live events, there's no betting data. That's why Sportradar in 2020 roughly has the same numbers as 2019. So that was a year of no growth. That is because there were two to three months with no live sports. —Former Sportradar employee (12/28/2020)",
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      "text": "Entain (formerly GVC Holdings) performance table",
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      "text": "How Is Genius Growing At 25%?",
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