Genius Sports Limited - GENI STOCK NEWS

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.

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.