Revenue growth in double-digits for Genius Sports during Q2, overshadowed by substantial net losses
Genius Sports, a leading provider of sports data and technology solutions, has showcased its GeniusIQ technology at the FIBA U19 Basketball World Cup and reported impressive financial results for Q2 2025.
The company's group revenue surged by 24% year-over-year, amounting to $118.7 million, driven primarily by a 30% increase in its betting technology segment. This segment's revenue reached $87.5 million, a significant boost from the previous year. The Sports Technology & Services and Media Technology, Content & Services segments also saw growth, with revenues increasing by 22% and 4% respectively [1][3][4].
However, Genius Sports' net loss increased significantly in Q2 2025, rising to $53.9 million from $21.8 million a year earlier. This was mainly due to higher operating expenses, including substantial stock-based compensation for employees and warrants issued to the NFL related to their license agreement extension. Total operating expenses jumped from $49 million to $89 million, with notable increases in general administrative and sales and marketing costs [1].
Despite the increased net loss, the company reported strong financial performance. Adjusted EBITDA rose 64% to $34.2 million, marking a quarterly record and a margin improvement to 28.8% [1][3][4].
For the full year 2025, Genius Sports raised its guidance, projecting revenue of $645 million and Group Adjusted EBITDA of $135 million, reflecting an expected 26% increase over 2024. The company maintains a positive outlook, anticipating full-year positive cash flow driven by strong performance in its Betting Technology, Media Technology, and Sports Technology & Services segments [2].
The quarter also saw Genius Sports forming new partnerships and entering into agreements with key players in the sports and media industry. The company secured exclusive official data and streaming rights with Serie A, formed a strategic Super Bowl agreement with the NFL, and entered into a partnership with TV measurement company iSpot. Genius Sports also launched a new partnership with Belgian Pro Leagues and unveiled a new partnership with PMG [1][2].
Bryan Castellani, a seasoned financial executive with deep expertise and leadership skills from his previous roles at ESPN, The Walt Disney Company, and Warner Music Group, was appointed as the new chief financial officer, effective October 1, 2025 [5].
As Genius Sports begins its Q3 operations, the company looks forward to continued growth and success, driven by its innovative technology, strategic partnerships, and a strong leadership team.
[1] Genius Sports Q2 2025 Earnings Report [2] Genius Sports Full-Year 2025 Guidance [3] Genius Sports Q2 2025 Adjusted EBITDA Growth [4] Genius Sports Q2 2025 Revenue Growth [5] Genius Sports Announces Bryan Castellani as New Chief Financial Officer
Genius Sports' betting technology segment experienced a 30% increase in revenue, contributing significantly to the overall revenue surge of $118.7 million, which is a 24% year-over-year growth. As the company's new chief financial officer, Bryan Castellani, a seasoned financial executive, assumes his role effective October 1, 2025, Genius Sports anticipates continued growth and success, driven by strategic partnerships in the sports and media industry and its innovative technology solutions.
