Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| Statement |
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| Execution of our game plan in 2024 should position us for continued growth and meaningful operational leverage over the coming years, as well as strong free cash flow generation |
| We still expect our rest of world business to grow very strongly over the coming years and for all of the reasons we've said in the various questions and the prepared remarks |
| As a global leader in sports technology, we continue to consistently deliver above market growth at scale |
| And we are building up here a very strong pipeline for looking into the managed betting services in the future |
| In 2023, we continue to scale and refine our business strategically, delivering strong growth in revenues, profitability and cash flow |
| We also drove stronger operating leverage, while continuing to invest in our content and technology capabilities |
| Africa continues to grow besides all the local issues which we see in Nigeria and South Africa, we see overall a strong growth here in Europe |
| So we are very bullish and optimistic on this |
| This marks the third consecutive year we delivered at least 20% revenue growth |
| We also improved our adjusted EBITDA margins by 1.8 percentage points and grew net cash flow from operating activities by 54%, highlighting the operational leverage in our model |
| My personal decision aside, this company is well dialed in to continue to grow profitably |
| We feel very, very strong from a people perspective, from an organization perspective |
| It needs some time to restructure now all teams and scale this down, but we feel very strong about this and we see very positive results already |
| It's still a very strong, any ratio above 100 is really strong |
| Again, the future is not defined, but, when I look at the capabilities we have within this company, more than any other, I think company in our space, we have the ability to scale and grow |
| From that point of view, we feel good about us addressing a growth rate that's in line with the market |
| On the revenue side, year in, year out, the depth and scale of our portfolio, both our content and product portfolio enables us to deliver significant value to our client base |
| These achievements and the results this past year speak to the tremendous progress we are making to cement our position as the partner of choice in the industry |
| But is there a thought that, you guys might at some point not on the call today, but that you might give three year targets at some point, given that maybe some of these expenses, you have pretty good visibility on and there's also pretty good visibility on some of the revenue growth in the U.S |
| We will grow stronger than the market in the U.S |
| We expect to outperform the market growth in the U.S |
| I'm excited about the strong foundation we established and the momentum we have against opportunities that await us in 2024 |
| Core to this is the depth and breadth of our real time sports content, data and technology, which are the key competitive advantages and serve as a foundation to our growth engine |
| We are not giving long range guidance on this call, but if you look at our historical performance and the investments we are making into new technology and new products, we have confidence that we've got the leverage to continue to grow our top-line, and more importantly, unlock operating leverage as we think about '25, '26 and beyond |
| The continued enhancing and scaling of the real time content and data fuels our innovative product development, helping to drive the future growth and leverage in our business |
| It is a very exciting market |
| These global partnerships bring incredible reach and value to our overall content portfolio and product offering |
| We have locked in all of the major operators here in the States and we've got really strong engagement internationally as well, given it is a global deal |
| We are very much focused on enhancing margins and free cash flow generation, and as we look out beyond 2024, we expect to unlock operating leverage from all major expense line items as we continue to scale our business, actively manage our operating cost run rates, and benefit from a more stable sports rights portfolio cost space |
| Revenue growth will be driven primarily from our strong recurring client revenue streams, leveraging our best-in-class content and product portfolio amplified this year by the addition of our ATP and NBA partnerships |
| Statement |
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| As we've noted in the past, we will continue to challenge all aspects of our business to ensure we are focusing our talent and resources on the most profitable growth opportunities and unlocking operating leverage |
| And then maybe as just a follow up, same idea, but obviously the year experienced a little bit of pressure in the rest of world betting segment margins |
| Adjusted EBITDA margins were 15.7% down 1.3 percentage points and deleveraged from higher sports rights, partially offset by operating leverage primarily in personnel expenses |
| We have a low liquidity in the market |
| The risk management, the managed batting service and the platform is a slower development |
| Are there any new geographic markets that are meaningfully outgrowing the core? And I guess, Carsten, the reason I ask is, obviously, we see some maturity and some regulatory headwinds in the more mature European markets, particularly the UK and the Netherlands |
| You are right, there are countries where we see it is a bit more difficult |
| Jordan Bender And then just on the net retention ratio, that seems to have fallen off in the back half of the year |
| Profit for the quarter from continuing operations was EUR23 million compared to a loss of EUR33 million in the per year quarter |
| We see that we established the system, which is really solving a problem for the operator |
| We do not need additional rights in order to deliver on our growth targets |
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