Genius Sports announced Tuesday it generated a $144 million group revenue during 2025's first quarter, led by a 44% profit increase from the data, technology, and media company’s sports betting segment.
Key takeaways
- The sports betting technology, data, and media company reported Adjusted EBITDA growth of 187.5% from Q1 2024.
- A confident outlook led to a board-approved $100 million share repurchase program.
- Genius Sports released new products and partnerships since Q1 ended.
Sports betting technology, content, and services created $106.5 million of the quarter’s total revenue. That’s up from $73.8 million in sports betting income in Q1 2024 and helped group revenue rise 20% overall.
Genius Sports cited “business growth with existing customers as a result of price increases on contract renewals and renovations " as the primary reason for the segment’s growth during the period ending March 31.
Reaching objectives
Overall, the company’s Q1 Adjusted EBITDA jumped 187.5% from the previous year to $19.8 million, an 800 basis point margin expansion to 13.7%. Group net loss also plummeted from $25.4 million in Q1 2024 to $8.2 million in the latest report.
“This quarter demonstrates the strong execution of our strategic objectives, as we continue our technology distribution, product innovation, and commercial momentum,” Mark Locke, Genius Sports Co-Founder and CEO, said.
Genius Sports reported its technology segment’s profit increased 12% to $11.6 million following “sales of products built on GeniusIQ technology.”
Media technology segment revenue, however, fell 27% as Genius provided less social advertising services compared to Q1 2024.
Confident outlook
The company’s latest quarterly income increase comes after Q4 2024 produced a 38% year-over-year profit rise. Genius Sports’ recent success and continued partnership growth and contract extensions helped lead to an approved share repurchase program of up to $100 million in ordinary shares. Confidence in long-term profitability and a positive cash-flow outlook also led to the Board of Directors’ decision.
Following Q1, Genius Sports projects group revenue to reach $620 million and Adjusted EBITDA to reach $125 million in 2025 based on a respective 21% and 46% growth. The company said it also expects positive annual cash flow to increase in the full year.
“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,” Locke said.
Other highlights
Since the reporting quarter, Genius continued to offer new products and land key partnerships.
The company provided its sportsbook partners with the live-betting platform BetVision for soccer, producing more fan engagement in a sport with tremendous global popularity. BetVision was a key data and streaming product during recent NFL seasons.
The official betting and data analysis provider for the EPL introduced a new semi-automated offside technology for the popular soccer league last month.
Genius also inked a deal to be the exclusive provider of official NCAA data for sportsbooks during March Madness and other college basketball postseason tournaments through 2032.
