Welcome to our dedicated page for Genius Sports news (Ticker: GENI), a resource for investors and traders seeking the latest updates and insights on Genius Sports stock.
Genius Sports Limited (GENI) reports developments across its B2B sports data, betting technology, media technology and broadcast services business. Company news commonly covers operating and financial results, guidance updates, completed acquisitions such as Legend, and partnerships with sports leagues, sportsbooks, media companies and brands.
Recurring product updates include GeniusIQ, a data and AI platform that combines tracking, video and insights for advertising, broadcasts, officiating and performance tools, and Moment Engine, which uses official sports data, proprietary AI models and fan data for real-time advertising activation around live sports moments.
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Genius Sports Limited (NYSE:GENI) has filed its Annual Report on Form 20-F with the Securities and Exchange Commission for the fiscal year ended December 31, 2022. The report can be accessed on the Company’s Investor Relations website or the SEC’s site. Shareholders can request a hard copy of the report, which includes audited financial statements, free of charge via the Investor & Media Contacts page.
Genius Sports is a leading data, technology, and broadcast partner that connects sports, betting, and media across over 150 countries. The company supports over 400 sports organizations, including major leagues like the NFL and EPL, through innovative technology that enriches fan experiences.
Genius Sports Limited (NYSE:GENI) recently showcased its Second Spectrum technology during a demonstration featuring its management team including CEO Mark Locke and other notable executives. The technology aims to enhance the connection between sports, betting, and media, emphasizing immersive fan experiences. Genius Sports collaborates with over 400 sports organizations globally, including major leagues like the NFL and EPL, leveraging advanced technology such as big data and machine learning to enrich the sports ecosystem. A replay of the demonstration is available on their Investor Relations website.
Genius Sports Limited (NYSE:GENI) reported Group Revenue of $341 million for the year ending December 31, 2022, exceeding guidance of $340 million, representing a 41% growth at constant currency. The Group Net Loss decreased to $182 million, a 69% improvement from the previous year. The Group Adjusted EBITDA was $16 million, outperforming guidance by 29%. U.S. revenue more than doubled, driven by increased market liberalization. For 2023, the company anticipates a Group Revenue of $391 million and Adjusted EBITDA of $41 million, aligned with consensus estimates. A positive cash flow is expected in H2 2023.
Second Spectrum, a Genius Sports company (NYSE:GENI), has expanded its partnership with the NBA, becoming an Official NBA League Pass Augmentation Provider and Official Team Basketball Analytics Provider. This multi-year collaboration includes the development of 'Dragon', a next-gen platform designed to synthesize millions of basketball data points. Utilizing Second Spectrum's technology, NBA League Pass will feature enhanced graphics and advanced statistical insights during alternate telecasts, enriching the viewer experience. Additionally, all official tracking data will be integrated into Genius Sports' analytics engine, supporting all 30 NBA teams.
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