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 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.
Genius Sports Limited (NYSE:GENI) has launched a new marketing campaign titled “Switch on Genius”, aiming to help brands effectively engage sports fans in a fragmented digital landscape. The campaign promotes personalized, dynamic, and data-driven content to foster connections between brands and sports audiences. With traditional sponsorship yielding diminishing returns, Genius Sports underscores its unique access to fan audiences and live data to enhance brand relevance during live events. The company partners with notable brands such as Heineken and British Airways to activate fan engagement.
Genius Sports (NYSE:GENI) and Clue have launched a comprehensive integrity intelligence platform aimed at combating betting-related corruption in sports. This partnership expands Genius Sports' capabilities as the integrity partner for over 150 leagues, including the NFL and EPL. Utilizing Clue's advanced software, Genius Sports will enhance data analysis and reporting, allowing for better detection of corruption. The platform includes a centralized vault for integrity risk assessments, aiming to safeguard integrity across various sports and leagues globally.
Genius Sports (NYSE:GENI) has appointed Sir Hugh Robertson, former UK Minister for Sport, as an Advisor to its newly formed Business Advisory Council. His expertise aims to identify strategic development opportunities and strengthen governance within the company. Sir Hugh's background includes notable roles in British politics and the Olympic Committee, with a focus on enhancing Genius Sports' position as a leader in sports data and technology. CEO Mark Locke expressed enthusiasm for the appointment, highlighting Sir Hugh's extensive commercial experience as a key asset for future growth.
Genius Sports Limited (GENI) reported Q1 2022 revenue of $85.9 million, exceeding forecasts by 10% and showing a 59.9% year-over-year increase. Adjusted EBITDA was $(2.9) million, exceeding projections by 42%. The company reaffirmed its 2022 revenue outlook of $340 million and adjusted EBITDA of $15 million, predicting 2023 revenue between $430 million and $440 million with EBITDA of $40 to $50 million. Significant growth was seen in media technology services, with revenue up 157.3%. However, the net loss increased to $40.2 million from $5.3 million in Q1 2021.
Genius Sports has announced a partnership with S.L. Benfica to enhance performance analysis and fan engagement in Portuguese soccer. Utilizing AI and machine learning, Genius Sports’ Second Spectrum division will deliver advanced tracking technology to provide key insights such as expected goals and player speeds. The collaboration aims to improve live broadcasts and strengthen coaching analytics, thereby elevating Benfica's global audience and fan experience. This partnership marks a significant step in Genius Sports' role as a data partner in European soccer.
Genius Sports Limited (NYSE:GENI) is set to release its first quarter 2022 results on May 12, 2022, at 8:00 AM EDT. This will be followed by a conference call to discuss the results, which will also be accessible via the company's investor relations website. Genius Sports, a global leader in sports data and technology, partners with over 400 sports organizations, including major leagues like the NFL and EPL. The financial results and related materials will be available on their online platform.
Genius Sports has partnered with Liga MX's Necaxa to enhance player analytics and fan experiences through advanced tracking and video tools. Utilizing Second Spectrum technology, Genius Sports will implement AI-powered cameras at Estadio Victoria, generating detailed player metrics.
This partnership aims to boost the on-field performance and provide immersive experiences for fans. Necaxa is recognized as a growing innovator in Latin American sports, and this collaboration represents an important step in modernizing soccer analytics and fan engagement.
Genius Sports (NYSE: GENI) has received regulatory approval from the Alcohol and Gaming Commission of Ontario (AGCO) to operate within Ontario's online market. The approval, effective from
Genius Sports has partnered with Resorts WorldBET to enhance their mobile sports betting platform in New York. This collaboration enables Resorts WorldBET to utilize Genius Sports' comprehensive data and live trading solutions, including exclusive offerings for NASCAR, NFL, and EPL. As New York's online sports betting market expands, Resorts WorldBET aims to provide innovative, reliable betting experiences driven by real-time data. This partnership positions both entities as key players in New York's burgeoning sports betting landscape.
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