Genius Sports reports US$341M in 2022 revenue

Genius Sports reports US$341M in 2022 revenue

Article brief provided by Covers
  • Justin Byers, Covers
March 12, 2023 4:56 PM

Genius Sports has become one of the largest sports data and technology companies in the world behind the growth of legal sports betting following Friday’s earnings report.

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The London-based sports data provider generated $105.3 million in group revenue in Q4 2022 — a 25% increase year-over-year. Total group revenue, which includes the company’s betting, media, and sports technology segments, reported $341 million in revenue for the fiscal year ending December 31, 2022. In FY2021, group revenue for Genius reached $262.7 million.

Genius’ favorable results in Q4 2022 were driven by the company’s betting technology, content, and services segment, which generated $65.5 million in revenue during the quarter — a 21.5% uptick year-over-year. Genius’s media technology, content, and services segment reported a 50.4% year-over-year growth in revenue in Q4 at $25.6 million.