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) is a global leader in sports data and technology solutions powering live betting markets, media experiences, and league operations. This news hub provides investors and industry professionals with official updates and objective analysis of GENI's strategic developments.
Access real-time announcements including earnings reports, technology partnerships, and product launches across GENI's three core segments: sports data collection, betting technology infrastructure, and media content distribution. Our curated feed eliminates speculation by focusing exclusively on verified press releases and credible third-party reporting.
Key updates cover regulatory developments in sports betting markets, new client acquisitions in global sports leagues, and innovations in GENI's proprietary data platforms. Bookmark this page to monitor how the company maintains its leadership in transforming raw sports data into actionable business solutions for partners worldwide.
Genius Sports reported first-quarter results that surpassed expectations, with Group Revenue at $120 million, a Net Loss of ($26 million), and Group Adj. EBITDA of $7 million. The company raised its 2024 Group Revenue and Adj. EBITDA guidance to $500 million and $82 million, respectively, up from prior guidance of $480 million and $75 million. Genius Sports also increased financial flexibility by entering into a $90 million revolving credit facility with Citibank and Deutsche Bank.
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