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 (NYSE: GENI) features frequently in news coverage as the official data, technology and broadcast partner connecting sports, betting and media. Company announcements focus on how its proprietary platforms, including GeniusIQ, BetVision and FANHub, are used by leagues, sportsbooks, media networks and brands to deliver data-driven sports experiences and advertising.
News about Genius Sports often highlights partnerships with major sports organizations and operators. Recent releases describe expanded agreements with sportsbook partners such as Hard Rock Bet Sportsbook and ESPN BET for official data, live trading and BetVision, as well as exclusive data and streaming rights for competitions including the NFL, Premier League, Serie A, European Leagues and Liga MX. Other stories cover collaborations with federations such as CONMEBOL and the Confederação Brasileira de Futebol for semi-automated offside technology.
Investors and industry followers will also see media and advertising developments, including the acquisition of Sports Innovation Lab and partnerships with agencies like Publicis Sports and PMG. These updates explain how Genius Sports combines official game data with fan intelligence to support programmatic advertising, sponsorship strategy and moment-driven campaigns across linear, digital and streaming environments.
Financial results and corporate updates are another key theme. Quarterly earnings releases discuss segment performance across Betting Technology, Media Technology and Sports Technology, along with non-GAAP measures such as Group Adjusted EBITDA and Free Cash Flow. Additional news covers events like Investor Day presentations, auditor changes and executive appointments.
For readers tracking GENI, this news stream provides insight into how Genius Sports’ data rights, AI platforms and commercial relationships evolve across the global sports, betting and media ecosystem.
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.
Genius Sports Limited (NYSE:GENI) reported robust financial results for Q4 and FY 2020, achieving a 27.6% increase in quarterly revenue to $47 million and a 30.6% rise in annual revenue to $149.7 million. The company benefited from enhanced customer utilization and new partnerships, notably with the NFL. Adjusted EBITDA for the quarter reached $4 million, marking a significant turnaround from a loss in the previous year. Key growth areas included betting technology and media services, with a notable 90.5% revenue increase in media.