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) will release its third quarter 2022 results on November 10, 2022, before 8:00 AM EDT. Following the announcement, the company will host a conference call at 8:00 AM EDT to discuss the results. Interested parties can access the earnings press release and related materials at investors.geniussports.com. Genius Sports serves over 400 sports organizations worldwide, providing data, technology, and broadcast services, and enhances fan experiences in over 150 countries.
Genius Sports (NYSE:GENI) has expanded its partnership with Football DataCo, enhancing their official tracking data capabilities across all Premier League matches. The new agreement introduces a sub-second tracking feed and innovative skeletal tracking technology, enabling richer data insights for fans, media, and teams. This partnership solidifies Genius Sports as the official data and integrity partner in the UK soccer ecosystem, leveraging advanced AI and computer vision technologies. This collaboration aims to boost fan engagement and create new opportunities in sports broadcasting.
Genius Sports (NYSE:GENI) has extended its partnership with bet365, enhancing their collaboration to provide top-tier official data across numerous sports events annually, including the Premier League and NFL. The extension grants bet365 exclusive data rights, particularly for NCAA sports. Additionally, both companies will explore new betting products leveraging Genius' advanced tracking technology, Second Spectrum. This partnership emphasizes Genius Sports' commitment to innovation and enhancing the betting experience for millions of users globally.
Genius Sports has been selected as the exclusive Official Data Partner for Australia's A-Leagues for the 2022-23 season. This partnership enables Genius Sports to distribute official betting data and employ integrity services to combat betting-related corruption in soccer. Their 24/7 monitoring technology will analyze real-time betting odds and flag suspicious activities. Additionally, Genius Sports will implement advanced tracking technology at select venues, contributing to the growth and integrity of Australian soccer.
The litigation between Genius Sports and Sportradar has been resolved, allowing Genius Sports to continue licensing and marketing FDC data. Genius Sports retains exclusive rights to provide low latency Official FDC betting data rights through 2024. Sportradar has agreed to stop unofficial scouting in major leagues and has acquired a sublicense for a delayed feed marketed as the Official FDC Secondary Feed, also through 2024. The specifics of the settlement remain confidential.
The Indianapolis Colts have launched a free-to-play game called “Pick Six”, presented by Caesars Sportsbook, to engage fans in the U.S. via the Colts’ Mobile App and Colts.com/PickSix. The game, developed with Genius Sports, features questions predicting team and player performance, with official betting odds integrated into select queries. This initiative aims to enhance fan engagement ahead of the NFL season, according to Colts Chief Sales & Marketing Officer Roger VanDerSnick. Genius Sports, the NFL's exclusive data distributor, emphasizes this collaboration as a key move in merging sports, betting, and media.
Genius Sports has partnered with MaximBet to provide official data-driven solutions that enhance sports betting experiences. This agreement will enable MaximBet to utilize Genius Sports' PreMatch, LiveData, and LiveTrading services for thousands of events annually, including major leagues like the NFL, EPL, and NCAA. The partnership aims to deliver real-time data and targeted marketing solutions, supporting MaximBet’s growth in North America. This collaboration emphasizes Genius Sports' role in the sports ecosystem, benefiting its clients with high-quality content and data.
Genius Sports has entered a significant partnership with Bally's Interactive, providing comprehensive data and streaming solutions for its sports betting platforms. This agreement includes access to exclusive data rights for major sports leagues such as NASCAR, NCAA basketball and football, and the NFL. Additionally, Genius Sports will deliver thousands of low-latency video feeds, enhancing live betting experiences for users. This partnership aims to improve operational performance and profitability for Bally's Interactive brands, including Bally Bet.
Genius Sports Limited (GENI) reported Q2 2022 results with revenue of $71.1 million, exceeding guidance by $3.1 million, marking a 27% year-over-year increase. Adjusted EBITDA rose to $8.4 million, a 61% improvement. The company achieved a remarkable 99% reduction in net loss to $4.8 million, attributed to decreased stock-based compensation. U.S. revenue nearly quadrupled year-over-year. Closing cash stood at approximately $175 million. The company reaffirmed its 2022 revenue guidance of $340 million and forecasts 2023 revenue to reach between $430 to $440 million.
Genius Sports Limited (NYSE:GENI) will release its Q2 2022 results before 8:00 AM EDT on August 16, 2022. A conference call will follow at the same time to discuss these results. The earnings press release and materials can be found on Genius Sports' investor relations website. The company serves as the official data, technology, and broadcast partner connecting sports, betting, and media, and is trusted by over 400 sports organizations globally.
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