Genius Sports has wrapped up 2024 with strong financial growth. The company’s Q4 revenue hit $176 million, bringing total annual revenue to $511 million. Genius Sports earnings also showed a 61% jump in adjusted EBITDA, with a positive outlook for 2025.

  • Q4 revenue increased 38% year-over-year, reaching $175.5 million, driven by strong demand in sports betting, media, and technology services. Full-year revenue climbed 24% to $510.9 million.

  • The betting technology sector led the way, growing 48% in Q4 to $128.2 million, fueled by price increases and contract renewals. Full-year revenue in this segment reached $354.9 million, up 29%.

  • Media technology revenue saw a modest 4% growth in Q4, totaling $29.8 million, with increased demand for social and programmatic advertising, especially in the Americas. The full-year revenue stood at $105.3 million, up 15%.

  • Sports technology revenue jumped 47% in Q4 to $17.6 million, supported by GeniusIQ-based products. Full-year revenue in this segment increased 8% to $50.7 million.

  • The company reduced its net loss, reporting a $28.2 million loss in Q4—an improvement from the $38.5 million loss in Q4 2023. The full-year net loss also improved by 26%, dropping to $63 million.

  • Adjusted EBITDA soared 171% year-over-year in Q4, reaching $32.4 million, with margins expanding by 900 basis points. The full-year adjusted EBITDA increased 61% to $85.7 million, with a 390-basis point margin expansion.

  • Genius Sports ended the year with $135 million in cash and cash equivalents, reflecting a $9 million increase from the previous year. The company also generated $82 million in operating cash flow, marking a 5.5x increase year-over-year.

  • In 2024, Genius Sports introduced advanced data-driven features, including the “EA Sports Madden NFL Cast” and “NBA 2K25 DataCast” alternative broadcasts. It also launched the “Bowl Season Pick’em” free-to-play game and implemented player tracking tech for France’s LFP.

  • Looking ahead, Genius Sports forecasts 2025 revenue of $620 million, representing 21% growth, and expects adjusted EBITDA to rise 46% to $125 million. The company also anticipates further increases in annual cash flow.

Find more news here www.ogqnews.com/category/news/ and find the OGQ Data Magazine via www.quarterly.og-q.com

Genius Sports earnings