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 Limited (NYSE:GENI) reported Group Revenue of $341 million for the year ending December 31, 2022, exceeding guidance of $340 million, representing a 41% growth at constant currency. The Group Net Loss decreased to $182 million, a 69% improvement from the previous year. The Group Adjusted EBITDA was $16 million, outperforming guidance by 29%. U.S. revenue more than doubled, driven by increased market liberalization. For 2023, the company anticipates a Group Revenue of $391 million and Adjusted EBITDA of $41 million, aligned with consensus estimates. A positive cash flow is expected in H2 2023.
Second Spectrum, a Genius Sports company (NYSE:GENI), has expanded its partnership with the NBA, becoming an Official NBA League Pass Augmentation Provider and Official Team Basketball Analytics Provider. This multi-year collaboration includes the development of 'Dragon', a next-gen platform designed to synthesize millions of basketball data points. Utilizing Second Spectrum's technology, NBA League Pass will feature enhanced graphics and advanced statistical insights during alternate telecasts, enriching the viewer experience. Additionally, all official tracking data will be integrated into Genius Sports' analytics engine, supporting all 30 NBA teams.
Genius Sports Limited (NYSE:GENI) announces its fourth quarter and full year 2022 results will be released before 8:00 AM ET on March 10, 2023. A conference call will follow the release at 8:00 AM ET to discuss the results further. Investors can access the earnings press release and materials at investors.geniussports.com. The company operates globally, powering the connection between sports, betting, and media, serving over 400 sports organizations across 150 countries. It leverages advanced technology for enhanced fan experiences.
Genius Sports (NYSE:GENI) has been awarded exclusive data distribution rights for all XFL games, enhancing its role as the official betting data distribution partner. This partnership will provide sportsbooks with rapid, accurate XFL data while increasing revenue opportunities through the Genius Marketing Suite. Additionally, the launch of the new XFL Pick'Em game aims to boost digital fan engagement by allowing fans to predict game outcomes and earn rewards, including a trip to the XFL Championship Game. This collaboration is designed to create a more dynamic viewing experience for fans, partners, and stakeholders.
Genius Sports (NYSE:GENI) has received a temporary sports wagering vendor certification from the
Genius Sports Limited (NYSE:GENI) has successfully completed its warrant exercise and consent solicitation, eliminating all public warrants. Approximately 89.13% of outstanding warrants (6,834,991) were exercised. Holders who exercised their warrants will receive ordinary shares, enhancing capital structure clarity and financial flexibility. An amendment to the warrant agreement allows automatic exercise of unexercised warrants at a price of $3.2933, giving 0.234 shares per warrant. Post-exercise, approximately 210,180,893 ordinary shares will be outstanding, marking a 1.72% increase. This move is expected to support the company's operations moving forward.
Genius Sports has partnered with TSN to provide real-time data-driven broadcast overlays for the upcoming NFL Playoffs and Super Bowl LVII on the new TSN+ streaming platform. This innovative collaboration will enhance viewer experience by integrating play-by-play data and graphics to display player statistics, route trails, and radar maps during live broadcasts. The partnership marks a significant advancement in sports broadcasting technology, showcasing Genius Sports' capabilities as the official data partner for the NFL. TSN+ is currently available for a limited-time free preview, providing fans with broader access to live sports content.
Genius Sports Limited (NYSE:GENI) announced a reduction in the exercise price of its outstanding warrants from $11.50 to $3.1816 as part of a consent solicitation. This was communicated to warrant holders on December 20, 2022. Additionally, if warrant holders do not exercise their warrants by the expiration date, they will automatically exercise at an Automatic Exercise Price of $3.2933, yielding 0.234 ordinary shares per warrant. The warrants are set to expire on April 20, 2026. The company is working with BofA Securities for solicitation and has filed necessary documents with the U.S. SEC.
Genius Sports (NYSE:GENI) and SoftConstruct have reached a settlement regarding their legal dispute. SoftConstruct will purchase a multi-year license to access Genius’s data through its BetConstruct and FeedConstruct channels, affirming Genius's ownership of database rights. Jack Davison, Chief Commercial Officer at Genius Sports, expressed satisfaction with the settlement, highlighting the value of their technology and databases. SoftConstruct’s CEO, Armand Pinarbasi, noted the deal will enhance their customer service.
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