Genius Sports released its Q2 2025 financial report, showing impressive performance. The company's quarterly revenue reached $118.7 million, a 24% increase year-over-year, with a record adjusted EBITDA of $34.2 million, a 64% increase from the same period last year, and a profit margin of 28.8%.
Performance growth was primarily driven by the gambling technology, content, and services sector, which saw a 30% increase in revenue to $87.5 million, thanks to increased betting volumes, contract renewals, and expanded value-added services. Media technology and content services revenue grew modestly by 3.6%, reaching $18.6 million, driven by increased demand for programmatic advertising. The sports technology and services business also grew by 21.5% to $12.6 million, mainly due to rising sales of the GeniusIQ product.
Despite revenue growth, the group's net loss widened to $53.9 million, mainly due to executive equity incentives and one-time costs associated with the NFL partnership.
In the first half of 2025, the company's revenue reached $262.7 million, a 22% increase year-over-year; adjusted EBITDA nearly doubled to $53.9 million. Based on strong performance, the company has raised its full-year revenue forecast to $645 million and adjusted EBITDA target to $135 million, representing increases of 26% and 57% respectively, with an expected EBITDA profit margin of 21%.
The financial condition is robust, with a total cash and equivalents of $221.6 million as of the end of June.
CEO Mark Locke stated: "Our partnerships with Serie A and European leagues have solidified our technological advantage and transformed traditional copyright models. Our long-term cooperation with the NFL has also further strengthened our confidence, supporting future profit margin improvements and cash flow growth."
Recent business highlights include securing exclusive official data and streaming rights for Serie A until 2029, and multi-year cooperation with the European Leagues Association covering over 8000 events, supporting Genius's BetVision and GeniusIQ products in providing real-time data and AI insights for gambling, broadcasting, and teams.
The company also announced several new partnerships, including with TV measurement company iSpot and PMG, as well as promoting semi-automatic referee technology in Belgian football.
Furthermore, Genius Sports announced the appointment of Bryan Castellani as the new Chief Financial Officer, effective October 1, 2025. Castellani has extensive financial management experience with ESPN, Disney, and Warner Music Group.
