Definitions and Disclosures
Genius Sports emphasized that Adjusted EBITDA, Adjusted EBITDA margin, Free Cash Flow and Free Cash Flow Conversion are non-GAAP measures. Adjusted EBITDA excludes items such as stock-based compensation, litigation costs, transaction expenses and foreign currency gains or losses.
Free Cash Flow is defined as Adjusted EBITDA minus capitalized software costs, property and equipment purchases, changes in working capital and taxes. These measures, the company said, are used internally to assess core operating performance and are not substitutes for GAAP metrics.
Forward-looking statements in the announcement include projections about closing timelines, integration, financial performance and synergies. The company cautioned that risks — including regulatory approvals, financing conditions, integration challenges, litigation, market volatility, inflation, interest rates and broader macroeconomic factors — could cause actual results to differ materially.
Projected combined financial information has not been prepared in accordance with Regulation S-X pro forma standards, and independent auditors have not reviewed or audited those projections.
