Tag Archives: Mark Locke

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 …

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 …

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 …

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 …

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 …

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 …