Genius Sports reduced its net loss to US$8.2m and almost tripled its adjusted EBITDA in Q1 2025.
The sports technology company’s net loss was narrowed by $17.from $25.5m in Q1 2024, while adjusted EBITDA climbed 188 per cent from $6.9m to $19.8m.
Group revenue rose 20 per cent to $144m, with Betting Technology, Content and Services the key driver, with revenue rising 44 per cent to $106.5m.
Sports Technology and Services revenue rose 12 per cent to $11.6m, but Media Technology, Content and Services revenue declined by 27 per cent, which Genius Sports attributed to “lower programmatic and social advertising services.”
“This quarter demonstrates the strong execution of our strategic objectives, as we continue our technology distribution, product innovation, and commercial momentum,” said Mark Locke, Genius Sports’ co-Founder and CEO.
“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.”
Genius expects group revenue of approximately $620m and group adjusted EBITDA of around $125m in 2025, which would translate to growth of 21 per cent and 46 per cent, respectively.
