Genius Sports, the international sports data technology company, has posted a loss for the second consecutive quarter but has seen revenue rise 24% year-over-year (YoY).
The company’s second quarter (Q2) results, announced today, revealed group revenue of $118.7 million, up from $95.4 million in the prior year.
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During the three months up to June 30, group net loss came in at $53.9 million, up significantly (147.6%) from $21.7 million a year ago.
Earnings before interest, taxation, depreciation, and amortization (EBITDA), meanwhile, increased 64% YoY to a quarterly record of $34.2 million.
Genius posted revenue increases in all three of its divisions. The biggest rise came in the betting technology, content, and services arm, with revenue climbing 30.4% to $87.5 million.
This was attributed to “growth in business with existing customers because of increased betting volume, price increases on contract renewals and renegotiations, and expansion of value-added services and products.”
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By GlobalDataIncome for the sports technology and services division was up 21.5% to $12.6 million, while the media technology, content and services arm brought in $18.6 million, a 3.6% increase from 2024.
In terms of the financial outlook for 2025, Genius expects to generate around $645 million in total group revenue, and group-adjusted EBITDA in the region of $135 million.
Quarterly activity included a multi-year extension and expansion of its strategic technology partnership with American football’s NFL.
After the reporting period, secured an exclusive data and streaming rights deal with Italian soccer’s Serie A through 2029 (announced earlier this week), and agreed multi-year exclusive official betting data rights for a select group of competitions within the European Leagues umbrella body of soccer competitions on the continent.
The sports technology firm also launched a new partnership with the Belgian Pro League to provide semi-automated offsides technology.
During Q2, Genius appointed Bryan Castellani as chief financial officer, effective from October 1.
Mark Locke, Genius Sports co-founder and CEO, said: “Our new partnerships with Serie A and European Leagues further demonstrate the strength of our technology and how it is fundamentally transforming the traditional rights model.
“Additionally, our extended and expanded partnership with the NFL reinforces our confidence in the long-term model, paving the way for continued margin expansion and cash flow growth for the foreseeable future.
“The strong momentum and new commercial successes across betting, media, and sports underpin our increased full-year 2025 guidance.”
