Genius Sports Q2: Revenue up 24% to $118.7m, net loss deteriorates by 147.6%
The latest financial results reflect the last few months of company operations, during which time Genius Sports has focused on various football initiatives, including extending partnerships with the NFL and Serie A.
Key Points
- Revenue in the Betting vertical increased by 30.4% and 21.5% in Sports
- However, group net loss worsened 147.6% to $53.9m
- Genius Sports has attributed both the highs and lows to contract renewals
Genius Sports has published its financial results for the second quarter ending 30 June, 2025.
Group revenue grew 24.4% year-on-year to $118.7m, which was bolstered by all three verticals of the business.
Betting Technology, Content & Services increased 30.4% to $87.5m, which Genius Sports attributed to higher betting volume and price increases on contract renewals.
Sports Technology & Services followed just behind with 21.5% growth to $12.6m; and Media Technology, Content & Services came last in terms of year-on-year growth with 3.6% to $18.6m.
Net loss deepened by 147.6% to $53.9m, which the company explained through “one-time equity awards issued to management and employees as well as warrants issued to the NFL”.
Finally, the adjusted EBITDA jumped 64.2% to $34.2m.
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.”
Good to know: Genius Sports also emphasised that it expected to generate $645m in revenue by the end of 2025, which would be a year-over-year improvement of 26%
This assumes approximately 30% growth in Betting Technology, Content & Services Revenue and at least 20% growth in Media Technology, Content & Services Revenue
During this quarter, Genius Sports extended its partnership with the NFL until the 2030 Super Bowl.
Genius Sports also extended its deal with First to further the presence of both across LatAm.
The company has also named Bryan Castellani as the next CFO, who will step into the role on 1 October, 2025.
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