Genius Sports Limited Stock Price, News & Analysis

PANDA Interactive has filed amended complaints against Genius Sports (NYSE: GENI) and Sportradar, expanding its patent infringement lawsuit to include antitrust claims. The complaint alleges that both companies are engaging in anti-competitive practices by:

• Unlawfully tying access to exclusive official sports data with their betting technology
• Coercing sportsbooks into using their technology to access real-time league data
• Controlling data through exclusive agreements with major sports leagues (NBA, NFL, NHL, MLB, NCAA)

The lawsuit, originally filed in October 2023, accused the defendants of infringing PANDA's patents for ultra-low latency, interactive sports streaming and betting technology. PANDA is seeking a court order to stop these practices and pursuing damages for harm caused by the alleged unlawful conduct.

Genius Sports (NYSE:GENI) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, March 4, 2025, 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 can access the earnings press release and related materials on the company's investor relations website. A live audio webcast and Q&A session will be available, with a replay accessible within 24 hours after the call.

Genius Sports (NYSE: GENI) has reaffirmed its 2024 financial guidance, maintaining its projected Group Revenue of $511 million and Group Adjusted EBITDA of $86 million. The company also disclosed its preliminary unaudited estimate of cash, cash equivalents, and restricted cash, which is expected to reach approximately $135 million by December 31, 2024. This represents a significant increase from $69 million as of September 30, 2024, and $126 million as of December 31, 2023. The company confirms it will maintain a positive net cash position throughout 2024, aligning with previously disclosed guidance.

Genius Sports (NYSE: GENI) has announced the pricing of its underwritten public offering of 17,647,059 ordinary shares at $8.50 per share. The company expects to raise approximately $144 million in net proceeds after deducting underwriting commissions and offering expenses.

The offering, expected to close on January 16, 2025, includes participation from existing shareholders Caledonia and Wellington Management, along with new investors. BTIG is serving as the lead book-running manager, with Goldman Sachs and Deutsche Bank Securities as book-running managers.

The company plans to use the proceeds for general corporate purposes, potentially including acquisitions or investments in complementary businesses, technologies, or assets, although no specific agreements are currently in place.

Genius Sports (NYSE:GENI), a leading provider of official data, technology, and broadcast services for the sports, betting, and media ecosystem, has announced its participation in the upcoming 27th Annual Needham Growth Conference. The company's Chief Financial Officer, Nick Taylor, will engage in a fireside chat scheduled for 10:15am ET on January 16, 2025. Interested parties can access both the live webcast and replay of the presentation through the company's investor relations website at investors.geniussports.com.

TNT Sports is launching an innovative NBA 2K25 DataCast alternative telecast for the 2024 Emirates NBA Cup Knockout Rounds, in collaboration with NBA 2K and Genius Sports (NYSE:GENI). The viewing experience will be available on truTV and Max during Quarterfinals and Semifinal coverage.

The broadcast will feature NBA 2K25 overlays including Shot Meter, 2K Badges, and official 2K camera angles, enhanced by GeniusIQ's real-time analytics providing player tracking, shot probability, and distance data. Notable contributors include Vince Carter, Candace Parker, and Channing Frye.

Viewers can earn six NBA 2K25 Locker Codes for Amethyst MyTEAM packs. Coverage begins December 10 with quarterfinal doubleheaders, culminating in the Las Vegas semifinals on December 14. All content will be available on TNT, truTV, and Max's B/R Sports Add-On.

NBC Sports and Peacock are partnering with NFL, EA SPORTS, and Genius Sports (NYSE:GENI) to launch the first-ever EA SPORTS Madden NFL Cast for the Houston Texans-Kansas City Chiefs game on December 21. This innovative broadcast will stream exclusively on Peacock, featuring live EA SPORTS Madden NFL 25 graphics, route trees, play cards, and player ratings. The stream will be powered by NFL's Next Gen Stats and GeniusIQ, Genius Sports' AI platform, creating an immersive viewing experience that blends video game elements with live action.

The broadcast team includes Paul Burmeister, Kurt Benkert, Chad Ochocinco, and Madden NFL champion Henry Leverette. The game features eleven players with Madden ratings above 90, including Patrick Mahomes and Travis Kelce.

Genius Sports (NYSE:GENI) reported strong Q3 2024 results with revenue of $120.2 million, up 18.2% year-over-year, exceeding guidance of $119m. The company achieved Group Net Income of $12.5 million and Adjusted EBITDA of $25.7 million, up 45.2% year-over-year. Betting Technology segment revenue grew 29.9% to $85.6 million, while Media and Sports Technology segments saw slight declines. The company raised its 2024 guidance, projecting full-year revenue of $511 million and Adjusted EBITDA of $86 million, representing growth of 24% and 61% respectively. Genius Sports also secured improved commercial terms with major U.S. sportsbook customers.

Genius Sports (NYSE:GENI) has announced its schedule for releasing third quarter 2024 results. The company will publish its financial report before 8:00 AM ET on Tuesday, November 12, 2024. Following the release, Genius Sports will host a conference call at 8:00 AM ET on the same day to discuss the results in detail.

Investors and interested parties can access the earnings press release and related materials on the company's investor relations website at investors.geniussports.com. The website will also provide a live audio webcast of the conference call and Q&A session. For those unable to attend the live event, a replay of the webcast will be made available on the website within 24 hours after the call concludes.