Genius Sports’ Q4 and FY 2024 Report Highlights Strong Financials

Genius Sports has become the latest sports data company to publish its Q4 and full-year report. The company has likewise posted its guidance for 2025, confirming that it expects its metrics to continue hiking.

Genius Sports’ Metrics Increased Across the Board

In the fourth quarter of the year, Genius Sports’ group revenue was up 38% year-on-year to $175.5 million. The company’s revenue for the year reached $510.9 million, up 24% year-on-year.

The company’s group net loss for the period narrowed to $28.2 million, marking an improvement from $38.5 million. Net loss for the year narrowed to $63 million from $85.5 million loss in 2023.

Group adjusted EBITDA, meanwhile, was $32.4 million for Q4, marking a staggering 171% increase. EBITDA for the year rose to $85.7 million, up 61% year-on-year.

The company’s Betting Technology, Content & Services division, on the other hand, increased 48% year-on-year to $128.2 million. Genius Sports attributed this growth to price increases, contract renewals and renegotiations. The division reported $354.9 million in revenue for the year, up 29% year-on-year.

In the meantime, the Media Technology, Content & Services division increased to $29.8 million up 4% year-on-year. The company said that this growth was driven by good performance in the Americas. The same division’s revenue increased 15% YOY to $105.3 million.

Finally, the Sports Technology & Services revenue increased 47% YOY to $17.6 million, driven by revenue from GeniusIQ-based products. The division’s revenue was $50.7 million for the year, up 8% YOY.

Genius Sports also published its guidance for 2025, saying that it expects to generate group revenue and adjusted EBITDA of $620 million and $125 million respectively. These figures imply revenue growth of 21% and EBITDA growth of 46%.

Q4 Was a Year for Commercial Execution

In Q4 2024, Genius Sports launched Next Gen Stats-powered in-stadium highlights via a new tie-up with the Los Angeles Rams. The company also powered its first EA Sports Madden NFL Cast, which was streamed on Peacock.

Genius Sports also executed the NBA 2K25 Data Cast and launched an F2P prediction game called Bowl Season Pick’em in partnership with Bowl Season.

Q4 also saw Genius Sports implement cutting-edge player technology to France’s Ligue de Football Professionnel.  

CEO Locke Hailed the Report  

Genius Sports’ co-founder and chief executive, Mark Locke, commented on the results, calling 2024 a “defining year for commercial execution.” He praised the numerous contract renewals and the reinforcement of the company’s solid infrastructure and expressed optimism in Genius Sports’ long-term potential.

Locke concluded: “We have consistently exceeded expectations, bolstered our technology advantage, and strengthened our balance sheet, now positioning Genius Sports for continued success in 2025 and a clear path to achieve greater scale.”