Genius Sports Limited Stock Price, News & Analysis

Genius Sports Limited (NYSE: GENI) has strengthened its relationship with DIMAYOR, gaining exclusive rights to capture and distribute official data and live video streams for regulated sports betting on all Colombian soccer competitions. This includes Liga BetPlay, Torneo BetPlay, Copa BetPlay, and Superliga BetPlay games. With over 150 sportsbook partners, Genius Sports will enhance access to premium data and streaming content from Latin America. The partnership aims to maintain transparency in betting through Genius's Bet Monitoring System, further solidifying its presence in the region.

Genius Sports has received a permanent sports wagering license from the West Virginia Lottery Commission, expanding its operations in the U.S. sports betting market. The company is now operational in 13 U.S. states, providing data, streaming, and marketing solutions for sportsbooks and lotteries. West Virginia is noteworthy as it was among the first states to legalize sports betting in 2018. CEO Mark Locke emphasized the company’s commitment to partnering with licensed sportsbooks and contributing to the market's growth in regulated territories.

Genius Sports Limited (NYSE: GENI) has been chosen as the exclusive Official Data & Streaming partner by the Argentine Football Association (AFA) for all competitions. This partnership covers over 3,300 games annually, providing official data and live video streaming for betting and media industries. Genius Sports will enhance global reach using GeniusLive+ technology to stream over 2,000 new games per season. This collaboration aims to boost fan engagement and visibility for Argentinian soccer and offers protection against match-fixing through its Bet Monitoring System.

Genius Sports Limited (NYSE: GENI) announced the upsizing and pricing of its public offering, raising a total of $418 million by selling 22,000,000 ordinary shares at $19.00 each. This includes 13,000,000 shares from Genius Sports and 9,000,000 from selling shareholders, with an option for underwriters to purchase an additional 3,300,000 shares. The offering is expected to close on June 14, 2021, and proceeds will be used for general corporate purposes. Goldman Sachs is the lead manager for the offering.

Genius Sports Limited (NYSE: GENI) has initiated an underwritten public offering of 20,000,000 ordinary shares, comprising 12,000,000 shares from the company and 8,000,000 shares from certain shareholders. The underwriters have a 30-day option to purchase an additional 3,000,000 shares. Genius Sports will utilize the net proceeds for general corporate purposes. Goldman Sachs & Co. LLC is the bookrunning manager for this offering. The registration statement for the offering has been filed with the SEC but is not yet effective.

Genius Sports Limited (NYSE:GENI) reported a strong Q1 2021 with a 51.9% year-over-year revenue increase to $53.7 million, driven by growth across all product groups. Key highlights include a 414% rise in adjusted EBITDA to $9.3 million and a margin of 17.2%. Strategic partnerships with the NFL and acquisitions such as FanHub and Second Spectrum bolster its market position. The company has updated its full-year revenue forecast to $250-$260 million and adjusted EBITDA of $10-$20 million.

Genius Sports Limited (NYSE:GENI) will announce its first quarter 2021 results on May 20, 2021, before 8:00 AM EDT. A conference call will follow the announcement at 8:00 AM EDT to discuss the results. Earnings materials will be available on their investor relations website. As a leader in digital sports content and technology, Genius Sports partners with over 400 sports organizations worldwide, including major leagues such as the NFL and EPL, providing them with data management and distribution solutions.

Genius Sports (NYSE: GENI) has announced a definitive agreement to acquire Second Spectrum for $200 million, enhancing its data and technology offerings. The acquisition is expected to generate synergies and be profitable post-integration, allowing Genius Sports to provide richer, data-driven insights, improve fan engagement, and expand its market share. This strategic move aligns with the company's vision of integrating AI technology to transform the sports data landscape.

Genius Sports (NYSE: GENI) has agreed to acquire FanHub Media Holdings Pty Ltd, a leader in free-to-play (F2P) games and fan engagement solutions. The transaction, whose terms are undisclosed, is expected to close in Q2 2021. FanHub provides technology solutions for games, betting, and social activation, enhancing Genius Sports' offerings to sports leagues, sportsbooks, and media companies. This acquisition aims to enhance customer engagement and expand Genius Sports' global reach in the online sports betting market.