Jul. 14 at 10:19 PM
$GENI $SRAD
Deutsche Bank on GENI (raised to
$13) and SRAD (raised to
$34): Plenty of positives
Genius Sports and Sportradar are “long-term winners” and “preference” on how to invest in the digital gaming segment.
Analyst lists six main reasons:
60% to 70% of fixed recurring revenue streams are growing at low to mid teen compound annual growth rates.
Data providers are the primary beneficiaries of the growing live betting segment.
AI is accelerating product offerings, which create cross/up selling opportunities.
Data rights deals are secured through medium- to long-term contracts on average.
Acceleration of free cash flow.
A duopoly “should provide longer-term tailwinds.”
