Genius Sports has secured a marquee extension of its official data partnership with the NFL, which will allow the sportstech firm to supply live streams of fixtures to syndicated US sportsbook partners. The agreement will allow remaining NFL season 2022 games to be added to the Watch-&-Bet solution – Genius’ live sports streaming programme for sportsbook partners. NFL live streams …
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Genius reduces net losses by 90% as Q3 results exceed expectations
Genius Sports has continued to chip away at its net losses from 2021, as the sportstech firm maintains momentum on its full-year objectives, exceeding initial revenue and EBITDA predictions of $231m and $12m. The company detailed in its Q3 interim trading report that year-to-date (YTD) revenue had risen by 32% to $235.7m (2021: $178.7m), with losses reduced by 90% from …
Read More »Genius keeps EPL data in arsenal via Football DataCo extension
Genius Sports and Football DataCo (FDC) have renewed their partnership, enabling the former to retain a hold of Premier League sub-second and skeletal tracking data. Football DataCo is the data rights holder to UK football, meaning Genius will continue to function as the official tracking partner of the English top flight via its Second Spectrum subsidiary. The partnership will include …
Read More »Genius provides ‘first-of-its-kind’ product to bet365 under contract renewal
Genius Sports and bet365 have come to terms on a long-term extension of their existing partnership, centred around sports content provision. The London-based international data, tech and commercial provider will continue to supply bet365 with its portfolio of official data rights, including the Premier League, NFL, Canadian Football League (CFL), American Hockey League (AHL) and Nascar. A further caveat at …
Read More »Genius Sports strengthens stateside standing with Bally’s Interactive
Genius Sports has made further inroads on its strategy for the North American betting market, clinching a partnership with Bally’s Interactive. The London-based sports tech and data company will provide the Bally’s Corporation betting division with its official data and live streaming solutions as part of the multi-year deal. This will include its Genius Trading Services sportsbook solution, as well …
Read More »Genius hits H1 targets continuing NYSE transformation
Genius Sports has reported a robust opening to year trading, as its NYSE settled business narrows first-half 2022 losses to $45m. Total group revenue during H1 2022 amounted to $157m, a 43% increase on the 2021 figures of $109m, whilst income in the second quarter specifically rose by 27.3% to $71m (2021: $55.8m). Although losses were recorded during both the …
Read More »Sir Hugh Robertson to drive ‘health and future growth’ of Genius Sports
Genius Sports has appointed Sir Hugh Robertson, Former UK Minister for Sport and the London Olympics, as an Advisor for the company with immediate effect. The sports data and technology company highlighted Robertson as having a ‘wealth of experience’ which he will bring to the company’s newly formed Business Advisory Council to help identify strategic development opportunities. Mark Locke, CEO …
Read More »Genius Sports reaffirms 2022 financial outlook against changing market dynamics
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 …
Read More »Genius Sports bolsters 2022 commercial vision as NYSE status is settled
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 …
Read More »Betway ‘accelerates expansion’ with Genius Sports live data deal
Super Group-owned Betway has extended its official data, live streaming and fan engagement partnership with sports data and technology company Genius Sports. The collaboration looks to provide the betting platform with Genius Sports’ LiveData and LiveTrading solutions, which delivers ‘real-time data and pin-point pricing’ for the National Football League (NFL) and NCAA Basketball, alongside the English Premier League and Euroleague …
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