Genius Sports Reports Strong Q1 as Revenue Grows, Losses Shrink

Genius Sports, a leading data, tech and broadcast partner at the intersection of sports, betting and media, has published its results for the first quarter of the year, announcing an increase in revenue and a drastic decline in net loss.

Thanks to the favorable results, the company’s board approved a $100 million share buyback program.

The Company Had Another Strong Quarter

In Q1 2025, Genius Sports reported $144 million in group revenue, up 20% year-on-year from $119.7 million in the prior-year period. While the company’s Media Technology, Content & Services division experienced a decline, the Betting Technology, Content & Services division’s growth was enough to offset the loss. The Sports Technology & Services division, on the other hand, experienced a modest growth.

Media Technology, Content & Services, for context, reported $25.9 million in revenue, representing a decline of 27%, driven by lower programmatic and social advertising services compared to Q1 2024.

Betting Technology, Content & Services revenue, meanwhile, increased 44% to $106.5 million, driven by contract price increases. Finally, Sports Technology & Services posted revenue of $11.5 million, up 11.7% YOY, thanks to an increase in sales of products built on GeniusIQ technology.

At the same time, the company’s net loss decreased significantly to a loss of $8.2 million. For comparison, Genius Sports’ net loss for Q1 2024 stood at $25.5 million.

Genius Sports’ adjusted EBITDA for Q1 2025 reached $19.8 million, up 187.5% from $6.9 million from the prior-year period. The adjusted EBITDA margin expanded by 800 basic points year-on-year to 13.7%.

Genius Sports also published its guidance for 2025, saying that it expects revenue of roughly $620 million and group adjusted EBITDA of approximately $125 million in 2025. These results would imply YOY revenue and EBITDA growth of 21% and 46%, respectively.  

The company added that it expects to increase its positive annual cash flow this year.

CEO Locke Was Pleased

Mark Locke, Genius Sports’ co-founder and chief executive officer, commented on the results, saying that they attest to the “strong execution” of the company’s strategic objectives. Locke said that the company will continue to innovate and enhance its products, hoping to maintain its momentum.

Our largely fixed cost base, coupled with several durable growth drivers, reinforces our confidence in delivering sustainable growth, profitability, and cash flow in 2025 and beyond.

Mark Locke, co-founder & CEO, Genius Sports

Board Approves Share Buyback

In the meantime, Genius Sports’ board of directors approved a $100 million share buyback program. The company explained that the number of repurchased shares could vary depending on its general business and market conditions. It added that it expects to use a mix of cash and cash equivalents and its cash flow from operations to fund the program.

According to Genius Sports, this program reflects its leadership’s confidence in the long-term profitability and cash flow outlook.

Following the conclusion of Q1, Genius Sports was confirmed as the exclusive provider of official NCAA data to licensed sportsbooks for March Madness and post-season tournaments until 2032. The company also launched BetVision for soccer, driving further innovation in sports betting.

Genius Sports also unveiled 3D immersive analysis technology with its Performance Studio update.