Genius Sports (GENI) Q1 2025 earnings summary

Executive summary

• Group revenue rose 20% year-over-year to $144 million in Q1 2025, with adjusted EBITDA up 188% to $20 million and margin expanding by 800 basis points to 13.7%.

• Net loss narrowed to $8.2 million from $25.5 million year-over-year, and loss per share improved to $(0.03) from $(0.11).

• Expanded NCAA partnership through 2032, securing exclusive data rights for March Madness and all post-season tournaments, with enhanced integrity safeguards and new monetization opportunities.

• Launched new products including BetVision for Soccer, Semi-Automated Offside Technology with the Premier League, Performance Studio 3D analysis, and Data Zone for Ligue 1.

• Business model highlighted as resilient and largely insulated from macroeconomic volatility, leveraging a fixed cost base and durable growth drivers.

Financial highlights

• Betting Technology, Content & Services revenue grew 44% year-over-year to $107 million, driven by contract renewals, higher pricing, and increased in-play betting.

• Media Technology, Content & Services revenue declined 27% year-over-year to $25.9 million due to lower advertising services.

• Sports Technology & Services revenue increased 12% year-over-year to $11.6 million, supported by GeniusIQ-powered products.

• Gross profit margin increased from 10.7% to 24.4% year-over-year; adjusted EBITDA margin expanded from 5.7% to 13.7%.

• Cash and cash equivalents at quarter-end were $209.8 million, up from $110.2 million at year-end 2024.

Outlook and guidance

• 2025 guidance reaffirmed: group revenue of $620 million (+21% year-over-year) and adjusted EBITDA of $125 million (+46% year-over-year), with margin expected to expand to 20%.

• Full-year cash flow expected to be positive and meaningfully higher than 2024.

• FANHub and BetVision expansion present upside potential, with most NCAA monetization expected in 2026.