Genius Sports has posted year-on-year (YoY) revenue growth of 24% to $188.7m for the second quarter of 2025.
That climb was helped by a 30.4% jump in revenue from the supplier’s betting division, which produced $87.5m in the three months ending 30 June.
The rise within the betting technology, content and services branch was inspired by increased betting volume, as well as price increases on contract renewals.
Meanwhile, the sports technology and services segment recorded growth of 21.5% YoY, generating $12.6m thanks to an uptick in GeniusIQ technology sales.
Genius Sports’ media technology, content and services ensured all three business pillars reported YoY growth, posting $18.6m in revenue, up 3.6%.
Group adjusted EBITDA surged 64.2% YoY to $34.1m, a notable rise from the $20.8m generated last year, while adjusted EBITDA margin expanded from 21.8% to 28.8%.
However, net losses more than doubled when pitted against Q2 of last year, rising to $53.9m after sitting at $21.7m.
The steep loss has been attributed to a non-recurring increase in stock-based compensation.
On a H1 basis, revenue was up 22.1% to $267.7m and adjusted EBITDA rose 94.9% to $53.9m.
Genius Sports outlined its financial expectations for full-year 2025, with revenue expected to total around $645m, alongside adjusted EBITDA of $135m.
The forecasts imply YoY revenue growth of 26%, as well as a climb of 57% in adjusted EBITDA.
Genius Sports also announced the appointment of Bryan Castellani as its new CFO, with the ex-Warner Music Group executive vice-president and CFO set to take the reins on 1 October.
Castellani, who has also had stints with ESPN and The Walt Disney Company, has been praised for his “deep financial expertise and leadership”, while current CFO Nick Taylor will remain with the company during the transition period.
After the reporting period, Genius Sports announced that it had entered into a partnership with the European Leagues Association, securing exclusive data rights for several professional football leagues across the continent as a result.
Mark Locke, Genius Sports 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.”
The earnings have sparked an increase in Genius Sports’ share price, which has risen by 4.26% in pre-market trading to $12.22 per share.
The post Genius Sports Q2 adjusted EBITDA surges 64% YoY first appeared on EGR Intel.
Supplier’s betting technology, content and services arm produces growth of 30.4% to contribute the lion’s share of group revenue, while new CFO also named
The post Genius Sports Q2 adjusted EBITDA surges 64% YoY first appeared on EGR Intel.