Welcome to our dedicated page for Genius Sports news (Ticker: GENI), a resource for investors and traders seeking the latest updates and insights on Genius Sports stock.
Genius Sports Limited (GENI) is a London-headquartered company at the forefront of sports technology, established in 2001. With offices spanning across New York, Singapore, Tallinn, and more, Genius Sports is a global powerhouse in the sports, betting, and media industries. The company specializes in providing scalable, technology-driven products and services, which are essential for data collection, management, and utilization in sports.
Genius Sports operates through three key product areas: Sports Technology and Services, Betting Technology, Content and Services, and Media Technology, Content and Services. Their products leverage proprietary technology and a robust data infrastructure, making them a preferred partner for sports leagues, sportsbooks, and media brands worldwide.
The company's technology enhances fan engagement by delivering real-time, accurate data that power interactive and immersive experiences. Notably, the majority of their revenue is generated from the Betting Technology, Content and Services division, with Europe being their primary market. Recent achievements include expanding their partnership network, enhancing their technological capabilities, and increasing their footprint in key markets.
For clubs and leagues, Genius Sports offers advanced tools to capture and manage data, which is vital for improving operational efficiency and fan engagement. Sportsbooks benefit from their comprehensive suite of betting technology solutions that ensure reliable, real-time data delivery, crucial for live betting operations. Media partners utilize Genius Sports' data to create compelling content that captivates and retains audiences.
Overall, Genius Sports Limited stands out for its ability to transform raw sports data into valuable insights and interactive experiences, making it a significant player in the global sports ecosystem.
Genius Sports (NYSE: GENI) announced the acquisition of Spirable, a creative performance platform, enhancing its media and advertising capabilities. The synergy aims to offer personalized content, leveraging official sports data and AI. Spirable's clientele includes major brands and sports organizations, promising deeper fan engagement and improved marketing effectiveness. The transaction is expected to finalize in the second half of 2021, pending customary closing conditions.
Genius Sports Limited (NYSE: GENI) announced a new supplier agreement with DraftKings Inc. (NASDAQ: DKNG) to provide official sportsbook data and fan engagement solutions, including NFL-related products.
This partnership enables DraftKings to access over 170,000 live events annually, enhancing its sports betting offerings. DraftKings will implement Genius' advanced technology for immersive experiences, expanding their data portfolio to include top leagues like the English Premier League and NASCAR.
Genius Sports Limited (NYSE:GENI) has secured a multi-year agreement with the British Columbia Lottery Corporation (BCLC) as Canada legalizes single-event sports wagering. BCLC will utilize Genius Sports’ LiveData and LiveTrading services to provide real-time data and pricing across thousands of sporting events. This partnership includes access to official data rights for prominent leagues such as the Canadian Premier League and English Premier League. Genius Sports aims to strengthen BCLC’s competitive edge in the emerging Canadian sports betting market.
Genius Sports Limited (NYSE:GENI) has appointed Kimberly Williams-Bradley as an independent director, effective July 19, 2021, increasing the Board to nine members. With over two decades in finance and media, she has held key roles including CFO of the NFL and Warner Bros. Entertainment. Williams-Bradley has also joined the Audit and Compensation Committees. Her expertise is expected to enhance the Board's decision-making capabilities, aligning with Genius's strategic vision in the evolving sports, betting, and media sectors.
Genius Sports Limited (NYSE: GENI) has announced a strategic partnership with MEDIAPRO Canada, aimed at expanding the market for Canadian soccer. The collaboration allows Genius Sports to integrate its data and marketing solutions into MEDIAPRO's OneSoccer streaming platform, enhancing audience engagement. Genius Sports will also distribute live video streams for Canadian Premier League and Canadian Championship games, tapping into new international markets. This agreement coincides with Canada's growing acceptance of single-event sports betting, positioning both companies for future growth.
Genius Sports Limited (NYSE:GENI) will release its Q2 2021 results on September 8, 2021, before 8:00 AM EDT. A conference call will follow at 8:00 AM EDT, allowing for discussion and Q&A regarding the results. Earnings materials will be available at investors.geniussports.com. Genius Sports is a global leader in digital sports content, technology, and integrity services, partnering with over 400 sports organizations worldwide, including the NFL, EPL, and NCAA. The company focuses on enhancing digital transformation for sports while providing technical expertise and support.
Genius Sports Limited (NYSE: GENI) has strengthened its relationship with DIMAYOR, gaining exclusive rights to capture and distribute official data and live video streams for regulated sports betting on all Colombian soccer competitions. This includes Liga BetPlay, Torneo BetPlay, Copa BetPlay, and Superliga BetPlay games. With over 150 sportsbook partners, Genius Sports will enhance access to premium data and streaming content from Latin America. The partnership aims to maintain transparency in betting through Genius's Bet Monitoring System, further solidifying its presence in the region.
Genius Sports has received a permanent sports wagering license from the West Virginia Lottery Commission, expanding its operations in the U.S. sports betting market. The company is now operational in 13 U.S. states, providing data, streaming, and marketing solutions for sportsbooks and lotteries. West Virginia is noteworthy as it was among the first states to legalize sports betting in 2018. CEO Mark Locke emphasized the company’s commitment to partnering with licensed sportsbooks and contributing to the market's growth in regulated territories.
Genius Sports Limited (NYSE: GENI) has been chosen as the exclusive Official Data & Streaming partner by the Argentine Football Association (AFA) for all competitions. This partnership covers over 3,300 games annually, providing official data and live video streaming for betting and media industries. Genius Sports will enhance global reach using GeniusLive+ technology to stream over 2,000 new games per season. This collaboration aims to boost fan engagement and visibility for Argentinian soccer and offers protection against match-fixing through its Bet Monitoring System.
Genius Sports Limited (NYSE: GENI) announced the upsizing and pricing of its public offering, raising a total of $418 million by selling 22,000,000 ordinary shares at $19.00 each. This includes 13,000,000 shares from Genius Sports and 9,000,000 from selling shareholders, with an option for underwriters to purchase an additional 3,300,000 shares. The offering is expected to close on June 14, 2021, and proceeds will be used for general corporate purposes. Goldman Sachs is the lead manager for the offering.
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