Wave of Playmaker Acquisitions Boosts Q4 Revenue Growth – Sportsbook

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A series of acquisitions continued to drive strong revenue growth for Playmaker in Q4 2021, although the digital sports media business recorded a net loss of $3.5m (£2.7m). sterling / 3.2 million euros) for the financial year.

Revenue was $7.0 million in the fourth quarter, compared to $4.8 million in the third quarter of 2021. The company’s revenue was zero in the fourth quarter of 2020 as the soft launch of its new sports betting vertical n taking place only in early August 2021 in partnership with operators like BetMGM and Circa Sports.

Playmaker said operating profit was $500,000 in the last three months of 2021, compared to an operating loss of less than $100,000 in the corresponding period last year.

Full-year revenue reached $14.8 million in 2021, again from zero the previous year, with $1.2 million allocated to cost of sales.

However, with total operating expenses reaching $11.9 million, the company recorded an operating loss of $1.8 million for 2021, compared to $240,000 in 2020. These expenses included salaries and salaries totaling $5.8 million and advertising, commissions and fees reaching $2.7 million, both figures up from negligible amounts the previous year.

With listing and filing fees of $1.8 million and transaction costs of just over $840,000 among other balance sheet items, the company’s net loss of $3.5 million was compared to a net loss of $266,000 in 2020.

Playmaker, however, pointed out that pro forma adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $9.3 million in 2021, an increase of 119% from the $4.2 million recorded last year. last year. The amount the company held in cash and cash equivalents increased from $6.6 million to $7.1 million year-over-year at the end of 2021.

The company added that pro forma revenue for the year also increased 91%, from $12.5 million in 2020 to $23.8 million in 2021.

“Our pro forma results for the fourth quarter of 2021 and full year 2021 demonstrate the continued execution of our strategy,” said Jordan Gnat, Founder and Chief Executive Officer of Playmaker.

“We acquire large companies and integrate them successfully to leverage centers of excellence within each company for the benefit of the entire Playmaker ecosystem.

“Our audience has grown significantly. We now generate over 200 million monthly sessions from over 85 million unique users on Playmaker web properties, generating over 50 million monthly YouTube views and 550,000 monthly podcast streams, and reaching over 100 million fans on all major social platforms.

“We’ve expanded our distribution channels to deliver relevant content to our fans when they want it, how they want it, and where they want it. Our organic growth has been phenomenal, and we’ve done so while maintaining focus on profitability with a 119% increase in pro forma adjusted EBITDA year over year.”

Over the past few months, Playmaker has acquired numerous entities, including Mexican sports platform Cracks, Brazil-based Grupo SuperPoker, betting and digital media solutions provider Two-Up, Brazilian online football community Fanáticos Por Futebol and digital media property Yardbarker.

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