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) has filed an amended Registration Statement on Form F-4 regarding its Consent Solicitation to amend the terms related to warrant exercises. The expiration date for the solicitation has been extended to January 19, 2023. If approved, holders can exercise warrants on a cashless basis for 0.26 shares or at a reduced price, ensuring no warrants remain outstanding post-January 20, 2023. With 7,668,280 warrants currently outstanding, the amendment aims to simplify capital structure and enhance financial flexibility for the Company and its investors.
Genius Sports has received a Sports Gaming Supplier License from the
Genius Sports Limited (NYSE: GENI) has extended its Consent Solicitation for outstanding warrants to January 19, 2023. This extension allows warrant holders to exercise their warrants at a reduced price of 74% of the reference price, or receive 0.260 Ordinary Shares for each warrant exercised. Unexercised warrants will automatically convert at 76.6% of the reference price. The solicitation aims to simplify the capital structure and mitigate potential dilution. BofA Securities is the solicitation agent.
Genius Sports and the NFL have expanded their partnership to provide U.S. sportsbooks with live video streams of select NFL games. Caesars Sportsbook is the first to offer this unique 'Watch & Bet' feature on mobile devices, enhancing the in-game betting experience for its users. This partnership allows for data-driven betting opportunities alongside live streaming, utilizing Genius Sports' technology for engaging fan experiences. The initiative aims to boost market share in North America, leveraging the NFL's popularity and official data integration.
Genius Sports has secured licensing agreements with Bet365, Bet99, and Rivalry to distribute low latency video feeds of NFL games in Canada. This partnership enables sportsbooks to offer live streaming of all regular and post-season matches through Genius Sports’ Watch & Bet platform. As the exclusive distributor of NFL data and video, Genius Sports will enhance betting experiences using machine learning and live streaming technologies. The company aims to support its partners in the newly regulated Canadian sports betting market.
Genius Sports Limited (NYSE: GENI) has initiated a Consent Solicitation for holders of its outstanding warrants as of November 16, 2022. The company seeks consent to amend the Exercise Period in its Warrant Agreement, reducing the expiration date from April 20, 2026, to January 18, 2023. If approved, warrant holders can exercise on a cashless basis for common shares. The exercise price is reduced to 74% of the previous closing price, contingent on obtaining the necessary consents. The Solicitation ends on December 16, 2022.
Genius Sports reported impressive financial results for the third quarter of 2022, showing a Group Revenue of $78.7 million, a 14% year-over-year increase, and Adjusted EBITDA of $7.7 million, a marked improvement from a loss of $0.4 million last year. The company achieved nearly triple revenue growth in the U.S. and struck 27 new partnerships with sportsbooks. Despite a net loss of $9.0 million, this reflects an 87% improvement from the previous year. The company maintains its 2022 revenue guidance of approximately $340 million and looks to achieve $430 to $440 million in 2023.
Genius Sports Limited (NYSE:GENI) will release its third quarter 2022 results on November 10, 2022, before 8:00 AM EDT. Following the announcement, the company will host a conference call at 8:00 AM EDT to discuss the results. Interested parties can access the earnings press release and related materials at investors.geniussports.com. Genius Sports serves over 400 sports organizations worldwide, providing data, technology, and broadcast services, and enhances fan experiences in over 150 countries.
Genius Sports (NYSE:GENI) has expanded its partnership with Football DataCo, enhancing their official tracking data capabilities across all Premier League matches. The new agreement introduces a sub-second tracking feed and innovative skeletal tracking technology, enabling richer data insights for fans, media, and teams. This partnership solidifies Genius Sports as the official data and integrity partner in the UK soccer ecosystem, leveraging advanced AI and computer vision technologies. This collaboration aims to boost fan engagement and create new opportunities in sports broadcasting.
Genius Sports (NYSE:GENI) has extended its partnership with bet365, enhancing their collaboration to provide top-tier official data across numerous sports events annually, including the Premier League and NFL. The extension grants bet365 exclusive data rights, particularly for NCAA sports. Additionally, both companies will explore new betting products leveraging Genius' advanced tracking technology, Second Spectrum. This partnership emphasizes Genius Sports' commitment to innovation and enhancing the betting experience for millions of users globally.
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