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GENIUS SPORTS SERVICES EESTI OÜ

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GENIUS SPORTS SERVICES EESTI OÜ current status

This company's branding has already reached 8,018 peopleand his is followed by 50 Storybook users.On average, the company has been rated 5.0 points.but there is no comment.

's activity report 2022

Genius Sports Services Estonia OÜ 2022 fiscal year report

Genius Sports Services Estonia OÜ is a subsidiary of Genius Sports Services Limited and is part of the Genius Sports Group.

Genius Sports Group is a leading global sports data technology manufacturer, providing and marketing services to the regulated sports betting sector, sports leagues and federations, and publishers and marketers.

In 2022, fixed assets were acquired for 274,685 euros (236,683 euros in 2021), of which 236,341 euros (218,172 euros in 2021) were computers and equipment, 8,892 euros (18,512 euros in 2021) were furniture and furnishings, and 29,452 euros (0 euros in 2021) were machinery and equipment. In 2023, investments are planned mainly in computer technology.

There were no significant research and development projects during the reporting period and no related expenditures occurred. No significant research and development activities are planned for the next year.

The significant activities and events of 2022 were as follows:

In February 2022, Genius Sports Group signed an exclusive data exchange agreement with the Icelandic Football Association.

In March 2022, Genius Sports Group signed an exclusive agreement with the NCAA MAC conference for the production of American football, basketball, and volleyball events.

In March 2022, as a result of the outbreak of the war in Ukraine on February 23, 2022, Genius Sports Group ceased production of sports events in Russia and Belarus and severed relations with clients there.

In October 2022, Genius Sports Group signed an exclusive data exchange agreement with the Australian A-League Football Federation.

In April 2022, the parent company Genius Sports Limited's shares were listed on the New York Stock Exchange.

The company produced, in collaboration with the group company Genius Sports Colombia SAS, 249,905 (338,600 in 2021) sports events - which is 88,695 events less than in 2021. Table tennis and e-sports events were produced 41,369 in 2022 (150,956 in 2021) thus less profitable sports events production decreased by 72.6% in 2022. Due to the outbreak of the war in Ukraine, the production of sports events in Russia and Belarus significantly decreased, in 2022 4,188 events were produced (37,126 in 2021), which is 88.7% less than in 2021.

The net profit for the reporting year 2022 was 2,650,229 euros (loss 806,048 euros in 2021).

There have been no significant events affecting the results of future fiscal years that are not reflected in this annual report.

Macroeconomically, the company's operations are related to the regulated sports betting and sports event organization sector. General macroeconomic developments in the operating environment have prompted the company to expand even more actively to other markets instead of Russia and Belarus.

The company's business activities did not have significant environmental and social impacts.

The company's production is seasonal and depends on the seasonal schedules of sports leagues and major professional sports events.

The company's sales invoices are prepared in GBP, so the company has a financial risk associated with changes in exchange rates. In 2022, the company's loss from exchange rate changes was 603,420 euros (profit 546,290 euros in 2021).

Main financial ratios: 2022 2021

Liquidity ratio 2.6 2.67

ROE 22.65% -8.9%

Ratio formulas:

Liquidity ratio = current assets / short-term liabilities

ROE= net profit / equity

GENIUS SPORTS SERVICES EESTI OÜ contacts

Cooperation partners

The company's largest partners

EE- Estonia

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