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 Limited (NYSE:GENI) has filed its Annual Report on Form 20-F with the Securities and Exchange Commission for the fiscal year ended December 31, 2022. The report can be accessed on the Company’s Investor Relations website or the SEC’s site. Shareholders can request a hard copy of the report, which includes audited financial statements, free of charge via the Investor & Media Contacts page.
Genius Sports is a leading data, technology, and broadcast partner that connects sports, betting, and media across over 150 countries. The company supports over 400 sports organizations, including major leagues like the NFL and EPL, through innovative technology that enriches fan experiences.
Genius Sports Limited (NYSE:GENI) recently showcased its Second Spectrum technology during a demonstration featuring its management team including CEO Mark Locke and other notable executives. The technology aims to enhance the connection between sports, betting, and media, emphasizing immersive fan experiences. Genius Sports collaborates with over 400 sports organizations globally, including major leagues like the NFL and EPL, leveraging advanced technology such as big data and machine learning to enrich the sports ecosystem. A replay of the demonstration is available on their Investor Relations website.
Genius Sports Limited (NYSE:GENI) reported Group Revenue of $341 million for the year ending December 31, 2022, exceeding guidance of $340 million, representing a 41% growth at constant currency. The Group Net Loss decreased to $182 million, a 69% improvement from the previous year. The Group Adjusted EBITDA was $16 million, outperforming guidance by 29%. U.S. revenue more than doubled, driven by increased market liberalization. For 2023, the company anticipates a Group Revenue of $391 million and Adjusted EBITDA of $41 million, aligned with consensus estimates. A positive cash flow is expected in H2 2023.
Second Spectrum, a Genius Sports company (NYSE:GENI), has expanded its partnership with the NBA, becoming an Official NBA League Pass Augmentation Provider and Official Team Basketball Analytics Provider. This multi-year collaboration includes the development of 'Dragon', a next-gen platform designed to synthesize millions of basketball data points. Utilizing Second Spectrum's technology, NBA League Pass will feature enhanced graphics and advanced statistical insights during alternate telecasts, enriching the viewer experience. Additionally, all official tracking data will be integrated into Genius Sports' analytics engine, supporting all 30 NBA teams.
Genius Sports Limited (NYSE:GENI) announces its fourth quarter and full year 2022 results will be released before 8:00 AM ET on March 10, 2023. A conference call will follow the release at 8:00 AM ET to discuss the results further. Investors can access the earnings press release and materials at investors.geniussports.com. The company operates globally, powering the connection between sports, betting, and media, serving over 400 sports organizations across 150 countries. It leverages advanced technology for enhanced fan experiences.
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