Tag Archives: Mark Locke

Genius Sports delivers ‘revolutionary’ tech in enhanced FIBA deal

SBC News Genius Sports delivers ‘revolutionary’ tech in enhanced FIBA deal

Genius Sports has expanded its long-term partnership with FIBA, the world governing body of basketball. From 2025 to 2035, the enhanced deal will deliver the sports technology company’s ‘revolutionary’ computer vision technology and AI-powered capabilities to Leagues and National Federations globally.  Looking to ‘transform the entire data and video ecosystem of international basketball’, the technology will provide a unified, connected …

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Genius lining up BetVision to meet Europe-style US betting behaviour

Genius lining up BetVision to meet Europe-style US betting behaviour

Genius Sports expects US bettor behaviour to develop broadly in line with that of Europe, and is positioning itself as a data leader in the sector through high-profile partnerships and product innovation.  That was the message CEO Mark Locke related to investors following Genius’ latest quarterly earnings update, shortly before the firm announced a new stateside partnership with FanDuel, the …

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Genius Sports upgrades 2023 landing on strong cash-in of new NFL and PL services

SBC News Genius Sports upgrades 2023 landing on strong cash-in of new NFL and PL services

Genius Sports Inc has raised its full-year 2023 corporate guidance, as Q3 trading outperforms expectations.  The NYSE-listed sportstech group declared a key milestone as it surpassed corporate revenues of $100m for the first time in Q3. Group revenues stood at $102m, exceeding third quarter guidance of $100m and representing 29% year-on-year growth on 2022 comparative results of $77m. A breakdown …

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Genius Sports granted temporary licence in Maine as market goes live

SBC News Genius Sports granted temporary licence in Maine as market goes live

Genius Sports has been awarded a temporary gaming licence from the Maine Gambling Control Unit (MGCU). The sports betting market in the US state has officially gone live today following a 15-month regulation journey, and Genius’ quick entry into the sector further strengthens the UK-founded group’s position in the North American wagering industry. The London-headquarter sports technology company now holds …

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Genius Sports introduces ‘revolutionising’ Premier League Data Zone

SBC News Genius Sports introduces ‘revolutionising’ Premier League Data Zone

Genius Sports has signed a partnership with Premier League Productions (PLP) to enhance live broadcasts for fans in over 185 countries. Using its ‘rich tracking data insights and data-driven augmentations’, Genius – which is the official tracking provider of Football DataCo – will now enable PLP broadcasts to feature a live Premier League Data Zone viewing mode. This will aim …

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Genius Sports shores up US standing with BetVision NFL launch

Genius Sports shores up US standing with BetVision NFL launch

Genius Sports has taken another step in its transatlantic journey whilst bolstering its position as the provider of NFL betting data and streams in the North American market. The London-based sportstech firm is taking its new product, BetVision – an NFL betting and streaming platform – exclusively live in the US. . Bettors using the app will be able to …

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Genius sees clear path to NYSE profitability following strong H1

genius sports

Genius Sports has exceeded its H1 trading expectations, prompting the firm to upgrade its guidance for the remainder of 2023 and project full year revenue of $410m. Publishing its interim H1 trading results, the NYSE sportstech and data provider reported revenue of $184.1m for the first six months of the year, a 17% increase from $157m in 2022. The company …

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Genius updates FY23 expectations as Q1 results edge closer to profitability

genius sports

Genius Sports expects to achieve positive cash-flow by the second half of this year after further shrinking its net losses during Q1 2023, continuing upward trajectory from 2022. Group wide quarterly revenue rose 13% to $97.2m (Q1 2022: $86.9m), alongside adjusted EBITDA of $8m, a substantial increase of 378% on a corresponding Q1 2022 loss of $3m, whilst the margin …

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Genius further cuts down losses as 2022 revenue hits all targets

genius sports

Genius Sports has reported a strong close to year-end trading, with revenue up across all three of its core trading segments, as 2022 financial results exceed previous expectations. The NYSE-listed sportstech and data group saw its full year 2022 revenues rise 30% from $262.7m to $341m, whilst Q4 income increased 25.4% to $105.3m (2021: $84m). This enabled the firm to further …

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Genius Sports’ Second Spectrum signs NBA analytics deal

Genius Sports’ Second Spectrum signs NBA analytics deal

Further expanding Genius Sports’ reach and visibility in North American wagering and sports, the firm’s Second Spectrum subsidiary has penned a deal with the NBA. The agreement between the London-based, NYSE-registered sportstech firm and the basketball league will focus on data and analytics, continuing to integrate NBA tracking data, basketball insights and analytics engine. On a broader scale, Second Spectrum …

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