Genius Sports Limited Stock Price, News & Analysis

Genius Sports (NYSE:GENI) has been appointed as the Premier League's Semi-Automated Officiating supplier, set to revolutionize offside decision-making in the world's most-watched football league. The system, powered by Genius Sports' AI and data platform GeniusIQ, will be installed in every Premier League stadium for the 2024/25 season. Key features include:

- AI-generated digital twin for quick and precise offside decisions
- Minimized game interruptions with live decision-making
- Broadcast-ready graphics for enhanced viewer experience
- 3D renders of players, ball, and offside wall generated in seconds

This partnership builds on Genius Sports' existing role as the Premier League's long-term optical tracking partner, with its AI-powered data and services already used by all 20 teams.

Genius Sports (NYSE:GENI), a leading provider of official data, technology, and broadcast solutions for the sports, betting, and media industries, has announced its participation in eight upcoming investor conferences from August to November 2024. These events include:

• Oppenheimer's 27th Annual Technology, Internet & Communications Conference (Aug 12-14)
• Benchmark's Tech, Media & Telecom Conference (Sept 4)
• BofA's Gaming and Lodging Conference (Sept 5)
• Citi's Global TMT Conference (Sept 6)
• BTIG GameDay 2024 (Sept 10)
• Goldman Sachs Communacopia + Technology Conference (Sept 11)
• B. Riley Securities' Consumer & TMT Conference (Sept 12)
• Cantor's European TMT Conference (Oct 30 - Nov 1)

CFO Nick Taylor and CEO Mark Locke will participate in breakout sessions at select conferences. Live webcasts and replays of available sessions can be accessed at investors.geniussports.com.

Genius Sports (NYSE:GENI) has announced the launch of GeniusIQ, a next-generation data and AI platform aimed at revolutionizing sports analysis and fan engagement. The platform utilizes machine learning and generative AI on vast datasets to provide advanced game analysis, immersive experiences, and enhanced fan engagement. Key applications include digital sports transformation, AI-driven decision making, personalized viewing, and automated content creation. GeniusIQ is already driving applications in major leagues like the Premier League, NFL, NBA, and WNBA, enhancing performance analytics and fan experiences. The platform integrates cutting-edge technologies such as optical tracking and real-time data insights, with prominent use cases like the WNBA performance metrics and Premier League Data Zone. The launch also marks the full incorporation of Second Spectrum into Genius Sports' portfolio.

Genius Sports reported Q2 2024 financial results, beating revenue guidance with $95.4 million, up 10% year-over-year. The company raised its 2024 outlook, expecting revenue of $510 million (23% growth) and Adjusted EBITDA of $85 million (59% growth). Key highlights include:

- Betting Technology revenue up 18% to $67.1 million
- Group Net Loss of $21.8 million
- Adjusted EBITDA of $20.8 million, up 33% year-over-year
- Extended exclusive data partnership with Football DataCo through 2029
- Appointed as English Premier League's Semi-Automated Officiating Supplier
- Expects to generate positive cash flow in 2024

The company continues to expand its partnerships and technology offerings across sports, betting, and media sectors.

Genius Sports (NYSE:GENI) has extended its exclusive official data partnership with Football DataCo through 2029. This renewal allows Genius Sports to continue as the sole official live data distributor for the Premier League, English Football League, and Scottish Professional Football League to global sportsbooks for seasons 2025-26 through 2028-29. The partnership includes:

1. Exclusive distribution of official low latency data for over 4,000 games per season.

2. From 2025/26, exclusive provision of Official Player Market Data for pre-game and in-play betting.

3. Expanded technology partnership with Premier League and EFL, including player tracking data and broadcast enhancements.

This extension is expected to drive further innovation and value for Genius Sports' sportsbook partners and fuel the company's medium-term financial outlook.

Genius Sports (NYSE:GENI) has announced that it will release its second quarter 2024 financial results on Tuesday, August 6, 2024, before 8:00 AM ET. The company will host a conference call at 8:00 AM ET on the same day to discuss the results. Investors and interested parties can access the earnings press release and related materials on the company's investor relations website at investors.geniussports.com. A live audio webcast and Q&A session will be available on the same website, with a replay accessible within 24 hours after the call.

X and Genius Sports (NYSE:GENI) have launched Trend Genius, a new product designed to optimize ad spending during major sporting events. This innovative technology uses X's Ads and Trend APIs to align advertising with real-time conversations on the platform. Trend Genius automatically activates pre-programmed creative when specified topics reach a set conversation velocity and pauses campaigns when engagement slows.

Leveraging Genius Sports' expertise as the exclusive data distributor for the NFL, NCAA, and Premier League, the product aims to capitalize on peak conversation moments. Early results show record engagement rates, demonstrating X users' real-time culture creation. The launch is timed to coincide with upcoming major sporting events, including the Olympic & Paralympic Games.

Genius Sports (NYSE: GENI) announced that Apax Partners LLP has completely exited its equity position in the company. Apax Funds acquired a majority stake in Genius Sports in September 2018 and have since supported the company's significant growth over the past six years. Mark Locke, Co-Founder and CEO of Genius Sports, expressed gratitude for Apax's insight and expertise, referring to the partnership as highly successful. Moving forward, Genius Sports will continue to rely on its institutional shareholders for support.

Genius Sports has announced significant changes to its Board of Directors, effective June 2024. Ken Kay, previously CFO at MGM Holdings and an Independent Director at Genius Sports since March 2023, will be the new Chair of the Board. Claire Valoti, former VP of International at Snap Inc., joins as an Independent Director. David Levy, the outgoing Chair, will transition to a Strategic Advisor role. The company believes these appointments will drive the next phase of growth, leveraging Kay's financial and operational expertise and Valoti's experience in digital and mobile expansion.