Genius Sports Archives

September 14, 2023

Genius shares down 10% as Apax sells $121m in stock

A subsidiary of one of Genius Sports' major shareholders and former owner, Apax Partners LLP, will sell 20,000,000 shares in the business.

The underwriter of the sell-off, Goldman Sachs & Co, will have the option of purchasing an additional 3,000,000 shares worth $18,120,000. The option will end after a 30-day period.

The stock to be sold off is worth – as of close of trading on 13 September – $120.8m (£97.1m/€113.1m).

The total shares on the table represent just over 10% of all of Genius’ 216,627,899 shares.

Following the announcement of the stock sell-off, Genius’ share price has fallen 10.2% to $5.4 per share since trading opened. The supplier will not receive any of the proceeds from the sale.

Former owner opts to sell stock

Apax is the provider’s former owner, having purchased the company from Three Hills Capital Partners in July 2018.

Funds advised by Apax kept hold of the business for over two years prior to Genius going public on the New York Stock Exchange via an ..

August 7, 2023

Genius benefits from betting growth as revenue rises 22.1% in Q2

Genius Sports said growth within its betting technology, content and services division helped push revenue up 22.1% year-on-year during the second quarter of 2023.

The data, technology and broadcast business experienced growth across all its businesses in the period. However, it was its betting arm that witnessed the most significant increase, with revenue rising 26.8%.

Genius put this down to higher customer utilisation of event content and growth in business with existing clients.

The provider also noted that renewed partnerships with a number of major clients will help drive further growth.

In recent months, Genius has extended a partnership with Football DataCo (FDC), which manages data rights for the English Premier League. It has also renewed deals with the National Football League and indoor American football’s XFL.

“We enter H2 having reached a significant inflection point in our business,“ Genius co-founder and CEO Mark Locke said. “Following the financial outperformanc..

June 23, 2023

Genius extends Premier League data rights deal

Sports data and technology provider Genius Sports has extended its exclusive partnership with Football DataCo, the business that manages data rights for the English Premier League.

Under the terms of the new deal, Genius extends its official partnership with the data rights organisation to 2025. It also expands the agreement to cover new areas such as Genius’ data tracking product.

Genius’ 2019 deal with Football DataCo

The previous partnership – first established in 2019 – granted Genius the exclusive rights to collect, license and distribute official live betting data from the EPL to its sportsbook clients. The deal also covers the English Football League (EFL) and Scottish Professional Football League (SPFL).

The new deal, which is set to expire at the conclusion of the 2024-25 season, will see the business distribute data from over 4,000 UK football fixtures per season.

As the official tracking data and analytics partner to the EPL, Genius Sports also expanded its partnershi..

June 23, 2023

Genius Sports expands integrity deal with German FA

Genius Sports has agreed to expand its integrity partnership with the German Football Association (DFB).

Under the deal, Genius Sports will continue to work with the DFB to combat threats of match-fixing and betting-related corruption.

This will include providing the DFB with its Bet Monitoring System, analysing global odds movements from over 7,500 games a year. The DFB will also continue to receive monitoring and analysis across all levels of German football.

Genius Sports will also use its Intelligence platform, provided in partnership with Clue, to strengthen protection against betting-related corruption.

The platform will offer the DFB a centralised vault of integrity reports, which Genius Sports said would support investigations and the analysis and identification of potential risk areas.

Protecting integrity

“To protect competition integrity in football, it is important for us to work with professional service providers,” DFB integrity officer Eva Immerheiser said.

“In..

May 19, 2023

Genius Sports and CFL launch CFL Live Stats

Genius Sports and the Canadian Football League (CFL) have launched a new data collection system, CFL LiveStats.

The system will deliver to-the-minute updates on every CFL game throughout the preseason, which will feed into live betting solutions, augmented broadcasts and CFL’s Game Zone platform.

CFL LiveStats will also provide post-game statistics, and will allow data related to betting, teams and players to be shared for all CFL contests.

Read the full story on iGB North America

May 4, 2023

Genius strikes deal with Chinese Taipei Football Association

Genius Sports has entered into a long-term data, streaming and integrity partnership with the Chinese Taipei Football Association (CTFA), which is the official data rights holder of Taiwan football.

The partnership will cover the CTFA’s premier competitions, including the Taiwan Football Premier League, the Taiwan Mulan Football League and the Second Division Taiwan Football League.

As part of the partnership Genius will provide its data insights and technology to the CTFA with the aim of bolstering fan experiences. Genius will also help the CTFA to commercialise its sports data and promote their streaming content.

“We’re proud to enter this wide-ranging partnership with the Chinese Taipei Football Association, providing our proven official data, streaming, competition management and integrity solutions,” said Jagdish Singh, head of customer success, APAC at Genius. “Our technology will be central to their strategy to drive new revenues, engage fans and protect their competitions.”
..

March 10, 2023

Genius-owned Second Spectrum extends with NBA

Second Spectrum, part of the Genius Sports group, has signed a multi-year extension to its partnership with the National Basketball Association (NBA).

Under the deal, Second Spectrum will serve as an official NBA League Pass augmentation provider and an official NBA team basketball analytics provider.

NBA tracking data will continue to be integrated into Genius Sports’ basketball insights and analytics engine, while Genius Sports will also continue to provide its services to all 30 NBA teams.

Read the full story on iGB North America

March 7, 2023

Genius Sports announces two new board appointments

Genius Sports has announced the appointments of Kenneth J Kay and Michael Messara to its board of directors.

Their appointments will take effect on 8 March.

Kay has been appointed as an independent director of the board. He will also accept the role of chair of the audit committee – succeeding Harry You – and will serve as a member of the board’s nominating and corporate governance committee.

Most recently, Kay held the role of CFO at MGM Holdings. He also held CFO roles with a number of companies, including Dole Food Company, CB Richard Ellis Group Inc and Las Vegas Sands Corporation. Kay also had board and audit committee experience through his time on the board of Summit Hotel Properties.

“This is an exhilarating time to join Genius Sports as it continues to transform the way the world experiences sport,” said Kay. “I look forward to working closely with the board as the company enters the next phase of its journey as a global leader in sports data and technology.”

Kay is set..

February 17, 2023

Genius Sports agrees data distribution deal with XFL

Sports data business Genius Sports has agreed to a new data distribution and fan engagement partnership with minor football league XFL.

As part of the deal, XFL has granted Genius exclusive rights to distribute official data from all XFL games to its media and betting partnerships.

As such, Genius Sports is now XFL’s official betting data distribution partner and free-to-play provider.

Genius Sports’ executive vice-president, Sean Conroy, said that having a comprehensive data policy is an important part of a sports organisation’s financial success.

“For every sports league, an official data strategy that drives both new revenues and fan engagement levels is vitally important,” he said. “We’re thrilled to partner with the XFL, connecting their games with the media and betting sectors while creating meaningful fan interactions through the bespoke XFL Pick’Em solution.”

genius argued that a data strategy is vital to the success of a sporting league

XFL Pick’Em

The deal also saw G..

January 20, 2023

Genius Sports enters NFL data and betting deal with TSN+

Genius Sports has entered into a partnership with Canadian sports channel The Sports Network (TSN), wherein Genius will supply TSN’s streaming platform TSN+ with its proprietary data feed for NFL games.

Under the terms of the agreement, Genius will deliver its real-time overlays to TSN+ which will include graphics and visualisations as well as its Next Gen Stats (NGS) data.

Since April 2021, the sports data business has been the official data partner of the league – an agreement which was expanded to include streaming options for US operators in November 2022.

Read the full story on IGB North America

January 5, 2023

Genius and SoftConstruct resolve data rights legal dispute

Genius Sports has resolved its legal dispute with BetConstruct subsidiary SoftConstruct over data rights by reaching a joint settlement.

Under the agreement, SoftConstruct will purchase a multi-year licence to supply data from Genius through both its BetConstruct and FeedConstruct channels.

The new licence also will acknowledge Genius’s ownership of database rights.

“Genius invests significant time, resource, and expertise in creating and developing market-leading technology and databases to collect and supply sports data products across the industry,” Genius Sports’ chief commercial officer Jack Davison said.

“We are delighted that the SoftContruct team have recognised this value and we look forward to working in partnership with them as we move forward.”

SoftConstruct’s chief executive Armand Pinarbasi added: “This deal enables us to service our customers with the best data. We can now look forward to a mutually beneficial relationship in the years to come.”

Another Genius dat..

November 23, 2022

Genius and the NFL score streaming deal with three Canadian sportsbooks

Genius Sports and the National Football League (NFL) have entered into a Canadian video streaming licensing agreement with three sportsbook operators – Bet365, Canada-facing Bet99 and esports-focused Rivalry.

Bet365, Bet99 and Rivalry will be permitted to provide their customers with video streams of all regular and post-season NFL matches through Genius’ Watch & Bet solution.

Genius became the exclusive distributor of NFL data and live video feeds in April 2021. In return, Genius issued 22.5m warrants to the NFL.

Genius said that it will use machine learning-powered live streaming technologies to facilitate video streaming and bet tracking for players in Canada.

Read the full story on iGB North America

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Tag: Genius Sports