Reporting its financial results for the fourth quarter and full year of 2024, Genius Sports declared that the company “consistently exceeded expectations.”
For the quarter, the group reached a revenue of US$176m, a 38 per cent increase year on year from $127m. Group net loss was $28.2m, up from a loss of $38.5m year on year. Adjusted EBITDA was $32.4m.
For the full year, revenue was $510.9m, an increase of 23 per cent year on year from $413m. Group net loss was $63m, up from a loss of $85.5m year on year. Adjusted EBITDA was $85.7m.
“2024 was a defining year for commercial execution, with the renewal of key contracts and reinforcement of our solid infrastructure that lays the foundation for sustainable growth and profitability over the next several years,” said Mark Locke, Genius Sports co-founder and CEO.
“We have consistently exceeded expectations, bolstered our technology advantage and strengthened our balance sheet, now positioning Genius Sports for continued success in 2025 and a clear path to achieve greater scale.”
