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  "documentTitle": "Genius Sports Limited (GENI)",
  "authorId": "54_Spruce_Point_Capital",
  "authorName": "Ben Axler",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-08-05 00:00:00",
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      "text": "Genius trades at a premium to most of its Online Gaming industry peers based on 2021E & 2022E revenue multiples, despite having the second lowest 2022E revenue growth rate. Lower than average growth combined with what we believe to be an inferior distribution business model should result in a valuation at a significant discount to consumer-facing online gaming business.",
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      "text": "Genius trades at a premium to most of its Online Gaming industry peers based on 2021E & 2022E revenue multiples, despite having the second lowest 2022E revenue growth rate.",
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      "text": "Genius Valuation & Growth Vs. Online Gaming Peers",
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      "text": "EV/Revenue: 12.8x",
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      "text": "Note: Market data as of 8/4/2021\nSource: Company financials, Wall Street estimates",
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      "kind": "title",
      "text": "Genius Compared To Company Selected Peers",
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      "evidence": "The deck implicitly suggests a solution by presenting a valuation analysis with 60% - 80% downside risk, effectively providing relief by warning investors.",
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