Tag Archives: Mark Locke

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

Genius Sports has announced the launch of its new ‘Genius Marketing Suite’ – an “all-in-one fan marketing solution specifically developed to transform how partners identify, engage and retain sports fans.” Customised to fit individual clients’ needs, the Genius Marketing Suite enables brands, sponsors, sportsbooks, leagues and teams to optimise every stage of their fan marketing journey. The suite will provide …

Genius Sports has taken another step in its roadmap for US expansion, securing a Sports Gaming Supplier License in the state of Ohio this week. Issued to the London-based company by the Ohio Casino Control Commission (OCCC), the licence enables Genius to offer its sportstech and data services to operators active in the state once the regulated betting market goes …