Genius Sports Q1 2025: Revenue up 20.3% to $144m, as net loss improves
Following the positive results, the Board of Directors is feeling confident enough in the long-term profitability and cash flow outlook to launch a share repurchase programme.
Key points:
– Genius Sports has reported a 20.3% boost in revenue, although there was not growth across every vertical
– Net loss improved by 67.9% to $8.2m, which reflects long-term trends within the company
– The Board of Directors has authorised a share repurchase programme up to $100m
Genius Sports has published its financial results for the first quarter ending 31 March 2025.
Revenue totalled $144m, which is a 20.3% increase year-on-year.
When looking at individual verticals, revenue from Betting Technology, Content & Services increased 44.2% to $106.5m, which was due to price increases from contract renewals and negotiations from pre-existing customers.
Sports Technology & Services grew 11.7% to $11.5m, which was driven by sales of GeniusIQ technology; while Median Technology, Content & Services decreased 27% to $24.9m due to “lower programmatic and social advertising services.”
Net loss of $8.2m represents a 67.9% improvement.
Adjusted EBITDA saw the largest percentage jump, with a 187.5% increase for a total of $19.8m.
Mark Locke, Genius Sports Co-Founder and CEO, said: “This quarter demonstrates the strong execution of our strategic objectives, as we continue our technology distribution, product innovation, and commercial momentum.
“Our largely fixed cost base, coupled with several durable growth drivers, reinforces our confidence in delivering sustainable growth, profitability, and cash flow in 2025 and beyond.”
This Q1 report has been issued two months after Genius Sports’ Q4 and FY24 reports, where the company reported a 38% increase in revenue.
Good to know: Genius Sports recently founded a partnership with Deep Blue Sports + Entertainment, which is focused on connecting brands with women sports fans
Following this report, Genius Sports expected to generate around $620m in revenue by the end of 2025 and accomplish an adjusted EBITDA of $125m.
This would represent annual increases of 21% and 46%, respectively.
The Board of Directors has also approved a share repurchase programme, valued up to $100m.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
