Genius Sports (GENI), the leading data, technology, and broadcast partner for the global sports and betting community, reported a robust Q4 top line with a 38% year-over-year increase in revenue, reaching $176 million. However, the company’s bottom line didn’t meet expectations, reporting a Q4 net loss of $0.12 per share and an annual loss of $0.27 per share. Despite this, analysts have shown optimism for the company’s 2025 outlook and a strong foundation for continued growth as it expands deals with top US sportsbooks, broadens its official data portfolio, and continues to invest in products that enhance in-play betting engagement.
Innovating Sports Technology
Genius Sports is at the forefront of innovation in sports tech, using AI, computer vision, and big data to power sports fan experiences. The company’s services range from delivering augmented broadcasts and enhanced highlights to automated officiating tools, immersive betting solutions, and personalized marketing activations.
The company connects the entire sports value chain, stretching from rights holders to fans. It has secured the rights to more than 700 sports organizations. This includes some of the world’s largest leagues, teams, sportsbooks, brands, and broadcasters, with partners such as the NFL, English Premier League, NBA, MLB, DraftKings, FanDuel, bet365, Coca-Cola, Diageo, CBS, and ESPN.
Genius entered into a collaboration to power a groundbreaking initiative, the ‘EA Sports Madden NFL Cast,’ an immersive, data-driven alternate broadcast streamed live on Peacock. These efforts have also extended to basketball, with the launch of ‘NBA 2K25 DataCast,’ an alternative telecast for the 2024 Emirates NBA Cup streamed live on truTV & Max.
The company recently raised $144m through a public offering, with notable participants including Caledonia and Wellington Management, among other major shareholders and new investors.
Mixed Financial Results
Genius Sport’s end-of-year report showed significant growth in several key areas. The company reported a 38% increase in group revenue for Q4, equaling $176 million, which led to a full-year group revenue of $511 million. This exceeded their initial prediction of $480 million, marking a year-on-year growth of 24%. Despite this, the company also reported a net loss of $28 million in Q4 and $63 million for the entire year, showing a slight year-over-year improvement of 27% and 26%, respectively.
The company expects to generate revenue of approximately $620 million and an adjusted EBITDA of roughly $125 million in 2025, indicating year-over-year growth of 21% and 46%, respectively.
Analysts are Bullish
Analysts following the company have remained bullish about its prospects. For instance, Needham’s Bernie McTernan has increased his price target for the shares from $12 to $13 while maintaining a Buy rating, noting strong FY25E guidance, which comes at a crucial time, as GENI is about to renew its EPL rights.
Genius Sports is rated a Strong Buy overall, based on the recent recommendations of 10 analysts. The average price target for GENI stock is $12.25, which represents a potential upside of 30.46% from current levels.
See more GENI analyst ratings.
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