Genius Sports Reports Strong Revenue Growth Amid Quarterly Losses
Genius Sports Posts Significant Revenue Growth in Q2 2025
Genius Sports Limited, a leading provider of data, technology, and broadcast services to the sports and betting industries, announced its financial performance for the second quarter of 2025. The company achieved impressive double-digit revenue growth during this period and shared its forecast for the full year.
Robust Revenue Gains Offset by Substantial Net Loss
During Q2 2025, Genius Sports’ total revenue climbed by 24%, reaching $118.7 million. The Betting Technology, Content & Services division led growth with a 30% increase year-over-year, generating $87.5 million. This growth was driven by higher betting volumes, contract renewals, and renegotiated deals. The Media Technology, Content & Services unit experienced a modest 4% revenue increase to $18.6 million, while the Sports Technology & Services segment saw a 22% rise, bringing in $12.6 million.
Despite the revenue gains, the company’s net loss expanded sharply to $53.9 million compared to $21.8 million from the same quarter last year. Genius Sports attributed this increase primarily to a one-time surge in stock-based compensation related to special equity awards given to management and employees, along with warrants issued to the NFL due to an updated licensing agreement.
On a more positive note, the adjusted EBITDA improved significantly, rising 64% year-over-year to $34.2 million, reflecting a notable 7 percentage point expansion in profit margins.
Looking ahead, Genius Sports projected annual revenue of $645 million and an adjusted EBITDA of $135 million. These projections suggest continued growth momentum with revenue expected to increase by 26% and adjusted EBITDA by 57% over the previous year.
Strategic Moves to Sustain Growth Momentum
In Q2, Genius Sports was added to the Russell 3000 Index, further elevating its market presence. The company also secured a high-profile partnership with the NFL for the Super Bowl and entered a collaboration with TV measurement firm iSpot.
At the start of Q3, the company won exclusive official data and streaming rights for Serie A and established a new betting data partnership with the European Leagues Association. Additional partnerships were formed with PMG and the Belgian Pro Leagues. Moreover, Genius Sports demonstrated its advanced GeniusIQ technology at the FIBA U19 Basketball World Cup.
Mark Locke, the company’s co-founder and CEO, highlighted the value of these partnerships and the strong business progress, noting that they support an upward revision of the full-year 2025 financial outlook.
“The strong momentum and new commercial successes across Betting, Media and Sports underpin our increased full-year 2025 guidance.”
Mark Locke, co-founder & CEO, Genius Sports
New Appointment Strengthens Financial Leadership
Genius Sports has also announced a key executive change, naming Bryan Castellani as the new Chief Financial Officer, effective October 1, 2025. Castellani brings significant financial expertise and leadership experience from his previous roles at ESPN, The Walt Disney Company, and Warner Music Group. His appointment is expected to enhance the company’s financial performance moving forward.