Tuesday December 5, 2023

Genius Sports’ Mega Month

  • Genius Sports released its fourth quarter and 2020 earnings report, showing impressive growth in sports betting and media revenue.
  • The company is locked in a battle with Sportradar to be the dominant sports data provider.
Denny Medley-USA TODAY Sports/ Design: Alex Brooks
Copy Link
Link Copied
Link Copied

Casual fans may not have heard of Genius Sports, but it’s one of the companies best placed to cash in on the rise of sports betting.

The British sports data provider and processor’s Q4 and full-year results for 2020, released on Wednesday, show a company on the rise. 

  • Annual revenue grew 30.6% from 2019 to $150 million
  • The biggest growth area by dollars earned was in sports betting technology, which provides 74% of the company’s revenue and grew 25% to $111 million.
  • The biggest percentage growth came from the company’s media revenue, which nearly doubled to $23 million on the year.
  • Fourth-quarter revenue accounted for 31% of 2020 revenue and grew 28% from Q4 2019.

The report boosts Genius’ momentum as it hits the public market after merging last week with a SPAC, dMY Technology Group,  in a $1.5 billion deal.

The company is locked in a battle with Sportradar to be the data backbone of major sports leagues. Earlier this month, Genius scored NFL data rights, previously held by its rival, for $120 million per year. The deal gave the NFL an equity stake in Genius.

In March, Sportradar agreed to a record-setting merger with L.A. Dodgers minority owner Todd Boehly’s SPAC at a $10 billion valuation.

The two are also locked in a legal dispute over Genius’ claim that Sportradar sends “data scouts” to Premier League games and other matches to collect data for which Genius has exclusive rights, according to Sportico.

Sportradar has argued that the exclusivity of Genius’ deals violates European antitrust laws.

Copy Link
Link Copied
Link Copied

What to Read

Dallas Cowboys quarterback Dak Prescott throws a pass during the first half against the Seattle Seahawks at AT&T Stadium.

Amazon Bounces Back With Record Viewership

The Dallas Cowboys’ win over the Seattle Seahawks averaged 15.26 million viewers.

Commanders Spend Big On Current Home While Planning New Stadium

The Washington Commanders will keep upgrading FedEx Field.

Pittsburgh Seeks the Spoils of NFL Draft Traveling Road Show

NFL team looks to host key league event on Pittsburgh's North Shore.
Philadelphia Eagles quarterback Jalen Hurts tosses the ball to fans after scoring a touchdown against the Buffalo Bills during the first quarter at Lincoln Financial Field.

The Philadelphia Eagles Continue To Be NFL’s Biggest Draw

Philadelphia was once again in one of the NFL's most-watched games.
podcast thumbnail mobile
Front Office Sports Today

Premier League Sets New Bar with Media Deals


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple - USA Careers
Live Nation
Multiple - USA Careers
Saco Bay PT
Multiple - USA Careers
The swoosh logo at Nike Eugene.

Nike Misses Revenue Wall Street’s Projections, But Company’s Stock Soar

The company offset the shortfall by exceeding expectations in earnings per share.
June 30, 2023

Nike To Revive Kobe Signature Shoe Line

Late HOFer will again be the center of a signature shoe line.
The PGA Tour and PIF have a self-imposed Dec. 31 deadline to finalize their golf merger.
August 7, 2023

Saudi Arabia’s PIF Aims Higher With Launch of Sports-Focused Investment Company

The PIF has launched a new company, SRJ Sports Investments.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
At Dick's Sporting Goods in Fairless Hills, Store Administrative Assistant Christine Vandfermay, of Philadelphia, restocks some Philadelphia Eagles items.
May 23, 2023

Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic

Dick's Sporting Goods saw a 5.3% increase in net sales in Q1.
Hellen Obiri of Kenya crosses the finish line to win the women's division at the 2023 Boston Marathon.
May 16, 2023

On Wants More Star Power, Visibility for Next Growth Phase

On is looking to grow through tennis and other verticals.
May 11, 2023

Topgolf Callaway Lowers Sales Expectations

Callaway cut its profit forecast for this year.
May 10, 2023

Endeavor Posts Record Quarter Amid UFC-WWE Merger Plans

Endeavor bought WWE in April, it also sold its IMG for $1.25B.