Genius Sports Limited - GENI STOCK NEWS

Genius Sports (NYSE:GENI) has launched FANHub, the world's first omnichannel marketing platform designed specifically for reaching and engaging sports fans. This innovative platform combines programmatic and social media buying capabilities with a sports-first approach, leveraging Genius Sports' extensive experience in data collection, curation, and activation.

FANHub offers marketers a user-friendly platform with several key features:

• Fan-First Audiences: Integration of 1st-party data and proprietary audiences
• Curated and Exclusive Premium Inventory: High-quality, brand-safe media across various channels
• Bidding & Insights: Real-time reporting and strategies based on audience datasets and live game-time data
• Dynamic Creative Optimization: Scalable campaigns with instant integration of play-by-play data and fan preferences

The platform aims to address the challenges of reaching highly engaged sports audiences across multiple channels and formats, enabling marketers to create sophisticated sports-based media strategies and manage the full-funnel fan journey.

Genius Sports (NYSE:GENI) has announced the appointment of Robert J. (Robbie) Bach to its Board of Directors, effective October 1, 2024. Bach, former Chief Xbox Officer and President of Microsoft's Entertainment & Devices Division, brings extensive experience in creating groundbreaking entertainment platforms. His leadership at Microsoft drove the launch of Xbox, Xbox Live, and Xbox 360, establishing the company as a leader in the gaming sector. Bach also led the evolution of gaming consoles into multimedia hubs and oversaw the launch of products like Zune and Windows Phone.

Bach's expertise in technology, strategic partnerships, and consumer engagement is expected to support Genius Sports' mission to revolutionize sports understanding, consumption, and fan experience. His appointment is aimed at accelerating the company's efforts in developing next-generation sports data and AI platforms, such as GeniusIQ.

Genius Sports (NYSE:GENI) has appointed Mark Kropf as its new Group Chief Technology Officer. Kropf joins from Google, where he was Technical Director in the Office of the CTO, focusing on generative AI capabilities. His expertise will be important for expanding GeniusIQ, Genius Sports' next-generation sports data and AI platform.

Kropf brings over 20 years of experience in technology leadership, software engineering, and infrastructure management across various sectors. He previously played a key role in commercializing Cloud Foundry at Pivotal and holds numerous patents in enterprise software and financial services technology.

CEO Mark Locke expressed enthusiasm about Kropf's appointment, highlighting his track record in technology leadership and AI-focused innovation. Kropf stated his excitement to support Genius Sports' growth and work with the team at the forefront of data and technology innovation in sport.

Genius Sports (NYSE:GENI) has officially addressed recent media speculation regarding a potential acquisition of Kambi Group plc. In a statement, CEO Mark Locke firmly denied any ongoing discussions with Kambi, stating: 'As policy, we do not comment on unfounded and ill-informed rumours. To prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi.' This declaration aims to put an end to circulating rumors and provide clarity to investors and the market about Genius Sports' current strategic position.

Genius Sports (NYSE:GENI) has been appointed as the Premier League's Semi-Automated Officiating supplier, set to revolutionize offside decision-making in the world's most-watched football league. The system, powered by Genius Sports' AI and data platform GeniusIQ, will be installed in every Premier League stadium for the 2024/25 season. Key features include:

- AI-generated digital twin for quick and precise offside decisions
- Minimized game interruptions with live decision-making
- Broadcast-ready graphics for enhanced viewer experience
- 3D renders of players, ball, and offside wall generated in seconds

This partnership builds on Genius Sports' existing role as the Premier League's long-term optical tracking partner, with its AI-powered data and services already used by all 20 teams.

Genius Sports (NYSE:GENI), a leading provider of official data, technology, and broadcast solutions for the sports, betting, and media industries, has announced its participation in eight upcoming investor conferences from August to November 2024. These events include:

• Oppenheimer's 27th Annual Technology, Internet & Communications Conference (Aug 12-14)
• Benchmark's Tech, Media & Telecom Conference (Sept 4)
• BofA's Gaming and Lodging Conference (Sept 5)
• Citi's Global TMT Conference (Sept 6)
• BTIG GameDay 2024 (Sept 10)
• Goldman Sachs Communacopia + Technology Conference (Sept 11)
• B. Riley Securities' Consumer & TMT Conference (Sept 12)
• Cantor's European TMT Conference (Oct 30 - Nov 1)

CFO Nick Taylor and CEO Mark Locke will participate in breakout sessions at select conferences. Live webcasts and replays of available sessions can be accessed at investors.geniussports.com.

Genius Sports (NYSE:GENI) has announced the launch of GeniusIQ, a next-generation data and AI platform aimed at revolutionizing sports analysis and fan engagement. The platform utilizes machine learning and generative AI on vast datasets to provide advanced game analysis, immersive experiences, and enhanced fan engagement. Key applications include digital sports transformation, AI-driven decision making, personalized viewing, and automated content creation. GeniusIQ is already driving applications in major leagues like the Premier League, NFL, NBA, and WNBA, enhancing performance analytics and fan experiences. The platform integrates cutting-edge technologies such as optical tracking and real-time data insights, with prominent use cases like the WNBA performance metrics and Premier League Data Zone. The launch also marks the full incorporation of Second Spectrum into Genius Sports' portfolio.

Genius Sports reported Q2 2024 financial results, beating revenue guidance with $95.4 million, up 10% year-over-year. The company raised its 2024 outlook, expecting revenue of $510 million (23% growth) and Adjusted EBITDA of $85 million (59% growth). Key highlights include:

- Betting Technology revenue up 18% to $67.1 million
- Group Net Loss of $21.8 million
- Adjusted EBITDA of $20.8 million, up 33% year-over-year
- Extended exclusive data partnership with Football DataCo through 2029
- Appointed as English Premier League's Semi-Automated Officiating Supplier
- Expects to generate positive cash flow in 2024

The company continues to expand its partnerships and technology offerings across sports, betting, and media sectors.

Genius Sports (NYSE:GENI) has extended its exclusive official data partnership with Football DataCo through 2029. This renewal allows Genius Sports to continue as the sole official live data distributor for the Premier League, English Football League, and Scottish Professional Football League to global sportsbooks for seasons 2025-26 through 2028-29. The partnership includes:

1. Exclusive distribution of official low latency data for over 4,000 games per season.

2. From 2025/26, exclusive provision of Official Player Market Data for pre-game and in-play betting.

3. Expanded technology partnership with Premier League and EFL, including player tracking data and broadcast enhancements.

This extension is expected to drive further innovation and value for Genius Sports' sportsbook partners and fuel the company's medium-term financial outlook.