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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 a combination of logo grid, expert quotes, and analytical commentary to build a case against the company's reported revenue model.",
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      "kind": "callout",
      "text": "While listing many marque leagues, we have found evidence to have us believe these partners do not pay any cash revenue to Genius",
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      "text": "The expert expressed $16 million of revenue from sports leagues would seem high",
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      "text": "Industry experts have told us it is unlikely any of the sports leagues pay cash revenues to Genius",
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      "text": "Sports - 11% of Revenue",
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      "text": "Based on our conversations with industry experts, it is clear that many leagues do not pay Genius for its services but Genius often pays the leagues as an incentive to win an exclusive partnership deal.",
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      "text": "No, the leagues are never paying Genius, at least for the Genius Sports module when they were providing digitization, social media, integration, websites, mobile apps.",
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      "text": "It is unlikely if any of these sports pay Genius real cash, or at least significant amounts. Even the NBA deal is VIK, as is the English Premier League whereby Genius pays an estimated GPB 20m a year, on which they are supposedly making a loss.",
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      "text": "From the Genius Sports part, that seems high to me because a lot of the deals, they are either paying money or its contra. $16 million seems quite high.",
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      "text": "\"No, the leagues are never paying Genius, at least for the Genius Sports module when they were providing digitization, social media, integration, websites, mobile apps.\" — Former Genius Sports Manager; \"From the Genius Sports part, that seems high to me because a lot of the deals, they are either paying money or its contra. $16 million seems quite high.\" — Former Genius Sports Manager; \"It is unlikely if any of these sports pay Genius real cash, or at least significant amounts. Even the NBA deal is VIK, as is the English Premier League whereby Genius pays an estimated GPB 20m a year, on which they are supposedly making a loss.\" — Betting Industry Expert",
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      "text": "Source: Genius Sports Investor Presentation, Spruce Point research",
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      "text": "Our Research Leads Us To Believe Sports Leagues Don't Pay Cash Revenue To Genius",
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