Genius Sports has posted a robust performance for the first quarter of 2025, with total group revenue rising 20% year-over-year to $144 million. The company’s Betting Technology, Content & Services segment was the primary driver, growing 44% to $106.5 million due to successful contract renegotiations and pricing increases across existing clients.

Revenue growth offset by media segment decline:

CEO Mark Locke hailed the results as a reflection of continued operational strength. “This quarter demonstrates the strong execution of our strategic objectives, as we continue our technology distribution, product innovation, and commercial momentum,” he stated in the company’s press release. “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.”

While the company celebrated strong results in its betting and sports technology arms, the Media Technology, Content & Services division reported a 27% revenue decline, falling to $25.9 million. Genius attributed the drop to reduced demand for programmatic and social advertising services, citing challenging year-on-year comparisons and subdued spending from operators during the first quarter.

Despite the segment’s downturn, Genius remains optimistic about future growth. Analysts from Citizens Financial noted that “bad game outcomes during March Madness did not impact the Genius business model,” but may have caused sportsbooks to defer advertising budgets to the second quarter. They added, “We believe the sports betting companies shifted spend from Q1 into Q2, hence our EBITDA estimate increasing 10%.”

The Sports Technology & Services category grew by 12% to $11.6 million, supported by increased demand for products developed on GeniusIQ, the company’s proprietary AI-based platform.

Net loss shrinks as EBITDA jumps 188%:

Genius Sports significantly reduced its net loss to $8.2 million in Q1 2025, down from $25.5 million during the same period in 2024. Adjusted EBITDA surged 188% year-over-year, reaching $19.8 million compared to$6.9 million in Q1 2024. The company also expanded its EBITDA margin to 13.7%, up from 5.7% last year.

Locke and his leadership team expressed confidence in continued profitability, reaffirming 2025 guidance that projects total group revenue of approximately $620 million and adjusted EBITDA of $125 million—representing 21% and 46% growth, respectively.

The quarter was marked by several notable product rollouts and partnership announcements. Among the highlights was the expansion of Genius’ BetVision platform, now available for soccer after debuting in NFL markets. BetVision enables interactive, in-stream wagering and is now integrated with over 120 soccer leagues, including France’s Ligue 1.

Additionally, Genius launched a new broadcast viewing mode for Ligue 1, branded “Data Zone,” delivering real-time data overlays for an enhanced fan experience. The company also debuted its Performance Studio platform with 3D immersive analytics for player development.

Following the quarter, Genius was confirmed as the exclusive provider of official NCAA data to licensed sportsbooks through 2032, covering March Madness and all postseason competitions.

In light of the company’s strong financial footing, Genius Sports’ Board of Directors approved a share repurchase program of up to $100 million. The program will be funded through existing cash reserves and operational cash flow. The company clarified that the timing and scale of the repurchases would depend on market conditions and shareholder approvals.

As of March 31, 2025, Genius reported $209.8 million in cash and cash equivalents, with total assets reaching $906.7 million—up from $792.3 million at the end of 2024.