Genius Sports Limited - GENI STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

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.