Genius Sports will play a key role in TNT Sports’ coverage of the Knockout Rounds of the 2024 Emirates NBA Cup by helping to provide a unique viewing experience. Working alongside the sports data and tech firm, together with the basketball video game production project NBA 2K, TNT Sports will offer an immersive NBA 2K25 DataCast with multiple viewing experiences …
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Genius Sports strong Q3 secures path to NYSE profitability
Genius Sports reaffirms that it will generate positive cash flow in 2024, achieving a corporate objective from its NYSE IPO. The statement follows Genius Sports’ Q3 trading results, which exceeded corporate expectations, with revenues at $120m—18% higher than 2023’s comparative of $101m and above the expected guidance of $119m. Further positives include Q3 net income of $12.5n, along with adjusted …
Read More »Genius Sports nets ‘gaming pro’ Robbie Bach as corporate director
Genius Sports has confirmed the appointment of Robert J. Bach as an independent director of the NYSE-listed sports data, media, and betting technology group. An expert in innovation and building mass-market technology platforms, Bach is the former President of Microsoft’s Entertainment Division, where he oversaw the Xbox business. He is credited as the first Xbox officer at Microsoft, charged with …
Read More »Genius Sports to supply Premier League with AI offside technology
Sports data and technology firm Genius Sports Limited has been revealed as the exclusive supplier of semi-automated officiating technology (SAOT) to the Premier League. Through the agreement, Genius Sports will look to improve the decision-making process in the league with a focus on enhancing the experience for fans, players and officials. Mark Locke, CEO of Genius Sports, commented: “I am …
Read More »Genius Sports Q2 growth helps lock positive cash flow target
Genius Sports has reaffirmed its confidence in achieving its corporate objective of “generating a positive cash flow in the full year of 2024.” The NYSE sports data and media technology group “exceeds its corporate guidance,” as detailed by Q2 2024 accounts. Generating Q2 revenues of $95 million, Genius Sports outperforms its income target of $94 million, with period revenues up …
Read More »Genius Sports renews FootballDataCo contract to 2029
Genius Sports has unveiled in detail what’s in store for English and Scottish football as a result of its partnership with Football DataCo (FDC). Having first partnered in 2019, both companies renewed their agreement earlier in March for at least until 2029, with Genius Sports retaining official data rights to the English Premier League, English Football League (EFL) and Scottish …
Read More »Genius Sports names Kenneth J. Kay Chair in Board shuffle
Genius Sports has announced changes to its Board of Directors which became effective this month. Kenneth J. Kay, former Chief Financial Officer (CFO) at MGM Holdings, has now become the new Chair, and will now lead the Board’s oversight of Genius Sports’ operations and strategy. Since March 2023, Kay has served as an Independent Director of the Board. Mark Locke, …
Read More »Genius Sports ups FY2024 landing on strong Q1 commercial results
Genius Sports trades with confidence as a strong opening to 2024 sees the NYSE technology group generate peak demand for its betting and media services. In its Q1 trading update, Genius raised its full-year 2024 guidance to a combined revenue of $500 million and an adjusted EBITDA of $82 million, upgrading from its previous FY targets of $480 million and …
Read More »Genius Sports to reorganise board following Apax departure
Genius Sports has informed investors that it will review the membership of the board of directors of the NYSE-listed sports, media, data rights, and technology group following the resignation of Gabriele Cipparrone. Effective from 8 April, Gabriele Cipparrone of the London-based private equity fund Apax Partners will resign, leaving Genius Sports’ board without a representative from Apax. The decision follows …
Read More »Genius Sports and DataCo enter talks to extend exclusive football data supply deal
Genius Sports Inc has entered a period of negotiations to extend its official betting data partnership with Football DataCo, the data rights holder of English and Scottish football. The exclusive agreement is still a subject to review and contractual approval by the Leagues and their teams. The ongoing contract is scheduled to run until the end of the 2024/25 season, …
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