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 »
Genius Sports and the Canadian Football League (CFL) have entered into a commercial data partnership, granting the company exclusive content for international sports betting operators. Predicted to come into effect in January 2022, the agreement will enable Genius to leverage CFL data and video content for commercial purposes including for its sportsbook partners – building on its betting distribution deals …
Read More »
Genius Sports has outlined that its US-focused expansion strategy is on course, having experienced significant growth in the third quarter of 2021 and striking partnerships with a number of major betting operators. Publishing its Q3 2021 trading update, the NYSE-registered sports data and technology provider detailed group revenue of $69.1 million, a 70% increase on the previous year’s figure of …
Read More »
Genius Sports has strengthened its leadership team as it seeks to expand its presence in international association football, appointing Ian Wray to oversee this growth strategy. In his new position, Wray will oversee the sports data and technology company’s partnerships with prominent football organisations, such as the English Premier League, Argentine Football Association (AFA) and Mexico’s Liga MX. The new …
Read More »
Genius Sports has upgraded its full-year 2021 financial forecasts, having disclosed peak Q2 trading which saw the sportstech group double its revenues to $59 million (Q2 2020: $27m). Publishing its first H1 Interim results as an NYSE enterprise, Genius revealed double and triple-digit Q2 revenue outcomes across its core business units. A breakdown of Q2 performance saw Genius’ flagship Betting Technology …
Read More »
SBC News Voice of the Sports Betting Industry