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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.

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Genius Sports (NYSE:GENI) has partnered with ESPN to enhance the NCAA Division I Women’s Basketball Championship with AI-powered optical tracking technology. This collaboration allows for live augmented video feeds during the Women's Final Four and National Championship games, set for April 3. Fans will enjoy data-driven visualizations like shot probabilities and player statistics, improving viewer engagement. This marks a significant step in innovation within women's sports, utilizing Genius Sports' Second Spectrum division, which specializes in tracking and analytics.

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Genius Sports reported Q4 2021 revenue of $84.0 million, up 78.7% year-over-year, and full-year revenue of $262.7 million, a 75.5% increase. Key segments showed strong growth: Betting Technology grew 52.9%, Media Technology surged 127.5%, and Sports Technology tripled 206.1%. However, Group Adjusted EBITDA fell to ($12.5 million) due to higher investments. The company anticipates revenues of $340 million and EBITDA of $15 million for 2022 and aims for $430-$440 million in 2023.

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Genius Sports Limited (NYSE: GENI) has partnered with the Mid-American Conference (MAC) to create a unique official sports data, fan engagement, and integrity agreement. This collaboration enables Genius Sports to manage and distribute official MAC statistics and provide advanced data tracking and fan engagement solutions. Furthermore, the partnership will enhance the MAC's integrity measures through comprehensive audits and 24/7 monitoring. Genius Sports will also offer sponsorship rights through a sub-licensing agreement with JMI Sports, increasing engagement and financial support for the MAC.

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Genius Sports Limited (NYSE: GENI) will release its fourth quarter and full year 2021 results on March 11, 2022, at 8:00 AM EST. Following the release, a conference call will be held to discuss the results. Investors can access the earnings press release and supporting materials through the company’s investor relations website at investors.geniussports.com. The company is a leader in data and technology for sports, betting, and media, partnering with over 400 sports organizations globally.

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Genius Sports Limited (NYSE: GENI) announced its financial outlook for 2022 and 2023. The company expects approximately $340 million in Group Revenue and $15 million in Group Adj. EBITDA for 2022. For 2023, projections are set between $430 to $440 million in revenue and $40 to $50 million in Adj. EBITDA. Management plans to discuss strategic growth and profitability at their upcoming virtual Investor Day.

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Genius Sports Limited (NYSE:GENI) has announced a significant partnership with Betway, enhancing its sportsbook operations in the U.S. and globally. This agreement expands the existing collaboration, providing Betway access to Genius Sports’ LiveData and LiveTrading solutions, particularly for NFL and NCAA Basketball. Betway will also utilize Genius Sports' live streaming service and digital marketing tools to improve customer engagement. This partnership aims to bolster Betway's presence in the sports betting market, delivering premium content and innovative fan engagement solutions.

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Genius Sports has expanded its long-term partnership with bet365, enhancing their sportsbook offerings. The agreement includes a full suite of premium streaming and official data solutions for global soccer competitions and the NFL. This enhances bet365's marketing and player engagement with live streaming content and fast, accurate data on events like the English Premier League. CEO Mark Locke emphasized the significance of this expansion for live betting experiences.

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Genius Sports Limited (NYSE:GENI) will host a virtual Investor Day on January 27, 2022, at 9:00 AM EST. Registration details are available on their Investor Relations website. CEO Mark Locke highlighted 2021 as a transformational year and emphasized the company's commitment to operational excellence and shareholder value. He expressed optimism about the growth in the North American market, projecting a potential $42 billion opportunity by 2033. The company remains focused on innovation and clear communication with investors.

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Genius Sports Limited (GENI) has announced a strategic partnership with the Canadian Football League (CFL) aimed at enhancing the league's growth and fan engagement. This agreement grants Genius Sports exclusive worldwide data and video rights for CFL content, expected to commence in January 2022. The partnership is designed to broaden the CFL's reach in North America and globally, leveraging Genius Sports' technology to transform the league's digital infrastructure. Additionally, Genius Sports plans to acquire a minority stake in CFL Ventures, further integrating with the league's commercial arm.

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Genius Sports Limited (NYSE: GENI) announces significant open market purchases of common stock by its Board of Directors members. On November 29, 2021, Chairman David Levy bought 25,000 shares, CEO Mark Locke acquired 50,000 shares, and Director Daniel Burns purchased 7,480 shares. Independent Directors Niccolo de Masi and Harry You each bought 100,000 shares. As a foreign issuer, Genius Sports voluntarily disclosed these transactions, indicating a strong commitment from its leadership amidst the market environment.

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FAQ

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

The current stock price of Genius Sports (GENI) is $6.895 as of November 1, 2024.

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

The market cap of Genius Sports (GENI) is approximately 1.5B.

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

NYSE:GENI

GENI Rankings

GENI Stock Data

1.45B
211.00M
26.63%
77.35%
9.17%
Internet Content & Information
Communication Services
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United States of America
London