Genius Sports activities has posted a sturdy efficiency for the primary quarter of 2025, with whole group income rising 20% year-over-year to $144 million. The corporate’s Betting Expertise, Content material & Companies phase was the first driver, rising 44% to $106.5 million attributable to profitable contract renegotiations and pricing will increase throughout current purchasers.
Income progress offset by media phase decline:
CEO Mark Locke hailed the outcomes as a mirrored image of continued operational energy. “This quarter demonstrates the robust execution of our strategic goals, as we proceed our expertise distribution, product innovation, and business momentum,” he acknowledged within the firm’s press launch. “Our largely mounted price base, coupled with a number of sturdy progress drivers, reinforces our confidence in delivering sustainable progress, profitability, and money circulation in 2025 and past.”
Whereas the corporate celebrated robust ends in its betting and sports activities expertise arms, the Media Expertise, Content material & Companies division reported a 27% income decline, falling to $25.9 million. Genius attributed the drop to diminished demand for programmatic and social promoting providers, citing difficult year-on-year comparisons and subdued spending from operators in the course of the first quarter.
Regardless of the phase’s downturn, Genius stays optimistic about future progress. Analysts from Residents Monetary famous that “unhealthy sport outcomes throughout March Insanity didn’t impression the Genius enterprise mannequin,” however could have triggered sportsbooks to defer promoting budgets to the second quarter. They added, “We consider the sports activities betting corporations shifted spend from Q1 into Q2, therefore our EBITDA estimate growing 10%.”
The Sports activities Expertise & Companies class grew by 12% to $11.6 million, supported by elevated demand for merchandise developed on GeniusIQ, the corporate’s proprietary AI-based platform.
Web loss shrinks as EBITDA jumps 188%:
Genius Sports activities considerably diminished its web loss to $8.2 million in Q1 2025, down from $25.5 million throughout the identical interval in 2024. Adjusted EBITDA surged 188% year-over-year, reaching $19.8 million in comparison with$6.9 million in Q1 2024. The corporate additionally expanded its EBITDA margin to 13.7%, up from 5.7% final yr.
Locke and his management workforce expressed confidence in continued profitability, reaffirming 2025 steering that tasks whole group income of roughly $620 million and adjusted EBITDA of $125 million—representing 21% and 46% progress, respectively.
The quarter was marked by a number of notable product rollouts and partnership bulletins. Among the many highlights was the enlargement of Genius’ BetVision platform, now out there for soccer after debuting in NFL markets. BetVision allows interactive, in-stream wagering and is now built-in with over 120 soccer leagues, together with France’s Ligue 1.
Moreover, Genius launched a brand new broadcast viewing mode for Ligue 1, branded “Information Zone,” delivering real-time information overlays for an enhanced fan expertise. The corporate additionally debuted its Efficiency Studio platform with 3D immersive analytics for participant growth.
Following the quarter, Genius was confirmed because the unique supplier of official NCAA information to licensed sportsbooks by way of 2032, masking March Insanity and all postseason competitions.
In gentle of the corporate’s robust monetary footing, Genius Sports activities’ Board of Administrators authorized a share repurchase program of as much as $100 million. This system will probably be funded by way of current money reserves and operational money circulation. The corporate clarified that the timing and scale of the repurchases would depend upon market circumstances and shareholder approvals.
As of March 31, 2025, Genius reported $209.8 million in money and money equivalents, with whole property reaching $906.7 million—up from $792.3 million on the finish of 2024.
