Tag Archives: Genius Sports

Genius Sports has reaffirmed confidence in achieving its full-year 2022 financial objectives, irrespective of ongoing market headwinds and adjustments.   Publishing its Q1 2022 trading update (period ending 31 March), Genius registered corporate revenues of $86 million, up 60% on Q1 2021 comparative results of $54 million and outperforming its ‘expected guidance’ by 10%. Headline growth was attributed to increased demand …

In an expansion of its Portuguese operations, Genius Sports has partnered with SL Benfica, covering live tracking data, analytics and enhanced broadcasting. The deal will see Genius’ Second Spectrum subsidiary provide tracking technology, machine learning and AI capabilities to provide ‘statistical insight’ into the team. Additionally, the company will also conduct a broadcast role for Benfica to bolster fan engagement …

To drive its sports betting business in the Brazilian market, online firm Betsul has partnered with Genius Sports to leverage the latter’s data, technology and broadcast solutions.  Genius will provide the Latin American operator with its suite of data-backed outsourced solutions such as PreMatch, LiveTrading and Risk, and in order to maximise turnover, margins and control, Betsul will have ‘full …

As support for the Ukrainian public continues to pour in from a range of industries, including betting and gaming, Pragmatic Play has announced a new contribution. The igaming and sportsbook solutions provider revealed today that it is donating £100,000 to the Red Cross’ Red Crescent Movement response appeal, with all funds channelled towards humanitarian causes in Ukraine.  In particular, the …

The SBC Awards are moving to a new location and a new spot in the sports betting and igaming industry calendar, as the 2022 ceremony will take place in the magnificent setting of the Palau Nacional in Barcelona on 22 September. The switch from the customary December date in London will see the Awards staged on the final night of …

Genius Sports has reported positive financial results across all commercial verticals, as it ended  a transformative 2021 with a revenue increase of 75% year-on-year, albeit with a substantial EBITDA decline. Publishing its Q4 and full year 2021 trading update, the London-based, NYSE-listed sports technology and data rights firm revealed year end revenue of $262.7 million (2020:$149.7m), as Q4 earnings stood …

The gambling industry’s fundraiser to support the Ukrainian public, Gaming Industry for Ukraine, has made strides towards achieving its £250,000 target. Issuing an update this morning, the initiative – which provides financial backing to the Choose Love charity’s Ukraine Crisis Fundraiser – detailed that it has secured £190,000 in donations from betting operators in the past week.  Companies to have …

Aspire Global has made the decision to close its contract with Sports Lotteries LLC, the operator of the Russian National Lottery, whilst BETER has also ended its business relationships in the country. The Malta-based sports betting and gaming software provider has cited ‘a different business view’ to Sports Lotteries as its primary motivation behind the partnership termination. However, amid widespread …

Genius Sports has confirmed that it will no longer continue commercial operations in Russia and Belarus, as a result of the ongoing conflict in Ukraine.  Russia’s unprovoked invasion of its western neighbour has prompted widespread international criticism, including from the public, political and business areas.  By calling an end to its Russian operations – as well as activities in Belarus, …

Genius Sports has formed a deal with the Icelandic Club Association (ÍTF) and the Icelandic Football Association (KSI) as an official data, technology, and commercial partner. In a bid to accelerate the growth of the sport, the joint deal allocates the firm the exclusive rights to manage the ÍTF´s and the KSI’s official data and live video betting streams, as …