GENI - Voss Capital - Genius Sports: Highly Margin Accretive With A Long Runway

2024-06-12 00:20:00 ET

Summary

• Genius Sports provides live sports data to sportsbooks globally, holding official data rights to leagues like the NFL through 2028.
• The company's BetVision platform enables in-game bets for the NFL with high margins and potential for increased penetration in the US market.
• Despite consistent performance, the market remains skeptical of Genius Sports' visibility on rights costs, creating an attractive buying opportunity with potential upside.

The following segment was excerpted from this fund letter.

Genius Sports ( GENI )

Genius Sports is a sports data rights aggregator that provides live sports data to sports books covering over 200,000 events globally. GENI has locked up the official data rights to leagues like the EPL, FIBA, MLB, and most importantly the NFL through at least 2028....

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