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Genius Sports Limited - GENI STOCK NEWS

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.

Rhea-AI Summary
Genius Sports (GENI) named Data Service Provider of the Year at the American Gambling Awards. They extended their exclusive partnership with the NFL through 2027. Genius Sports powers over 97% of the regulated North American sportsbook market. They launched the NFL 'Betvision' product with Caesars Sportsbook, Fanatics, and BetRivers.
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Genius Sports unveils BetVision, the world's first immersive sports wagering experience that integrates live streams with bet slips and real-time augmentations. Caesars Sportsbook and Fanatics Sportsbook are the first operators to launch the product for the 2023 NFL season. BetVision allows sportsbook customers to place bets within the live video player, increasing engagement and retention. Genius Sports is the exclusive distributor of NFL Official League Data and live game video streams. Additional features and functionality will be added throughout the season.
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Genius Sports announces pricing of underwritten public offering
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Genius Sports announces public offering of 20,000,000 ordinary shares by an affiliate of Apax Partners LLP. No proceeds will go to Genius Sports. Goldman Sachs is the sole bookrunning manager.
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Genius Sports partners with Snap Inc. to power immersive AR fan experiences via Snapchat Lenses. Verizon sponsors the first Lens incorporating Genius Sports technology.
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Genius Sports reports Q2 2023 revenue of $87m, exceeding guidance of $80m. Group net loss of ($10m) and Group Adj. EBITDA of $16m, exceeding guidance of $14m. Year-to-date Group Adj. EBITDA quadrupled to $24m. Raising 2023 Group Revenue guidance to $410m and Adj. EBITDA guidance to $52m. Expects to expand Group Adj. EBITDA margins from 5% in 2022 to 13% in 2023.
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Genius Sports (NYSE:GENI) will release its Q2 2023 results on August 7, 2023, before 8:00AM ET. A conference call will be hosted at 8:00AM ET on the same day to discuss the results. The earnings press release and related materials will be available at investors.geniussports.com. A replay of the webcast will be available on the website within 24 hours after the call.
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FAQ

What is the current stock price of Genius Sports (GENI)?

The current stock price of Genius Sports (GENI) is $8.92 as of November 21, 2024.

What is the market cap of Genius Sports (GENI)?

The market cap of Genius Sports (GENI) is approximately 1.9B.

What does Genius Sports Limited do?

Genius Sports Limited provides technology-driven products and services for the sports, sports betting, and sports media industries, focusing on data collection, management, and utilization.

Where is Genius Sports Limited headquartered?

Genius Sports Limited is headquartered in London, UK.

When was Genius Sports Limited founded?

Genius Sports Limited was founded in 2001.

What are the main product areas of Genius Sports Limited?

The main product areas are Sports Technology and Services, Betting Technology, Content and Services, and Media Technology, Content and Services.

What industries does Genius Sports Limited serve?

Genius Sports Limited serves the sports, sports betting, and sports media industries.

Where does Genius Sports Limited generate most of its revenue?

Genius Sports Limited generates most of its revenue from its Betting Technology, Content and Services division, primarily in Europe.

How does Genius Sports Limited enhance fan engagement?

Genius Sports Limited enhances fan engagement by providing real-time, accurate data that powers interactive and immersive experiences.

What kind of technology does Genius Sports Limited use?

Genius Sports Limited uses proprietary technology and a robust data infrastructure to power its products and services.

What kind of partnerships does Genius Sports Limited have?

Genius Sports Limited partners with sports leagues, sportsbooks, and media brands to enhance their operations and engagement through data and technology.

What markets does Genius Sports Limited operate in?

Genius Sports Limited operates globally with a significant presence in Europe, North America, Asia, and other major markets.

Genius Sports Limited

Nasdaq:GENI

GENI Rankings

GENI Stock Data

1.92B
186.14M
11.77%
84.37%
11.58%
Internet Content & Information
Communication Services
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United States of America
London