A 30% year-over-year spike in revenue from Genius Sports’ betting segment helped the technology, data, and media company increase profits by 24% during the second quarter of 2025.
Key Takeaways
- Genius Sports’ Adjusted EBITDA increased by 64% in Q2.
- An extended partnership with the NFL and higher betting volumes spurred the quarter’s financial success.
- Genius raised its guidance for 2025 and still believes it will have a full-year positive cash flow.
Genius Sports announced on Wednesday that it generated $118.7 million in total group revenue for Q2, with betting technology, content, and services representing $87.5 million of that total haul for the period ending June 30.
An increased handle from existing customers was a major catalyst. Price increases on contract renewals with partners and expansion of services and products also led to financial success for the wagering segment.
Higher spending
Adjusted EBITDA for all segments combined reached $34.2 million, a 64% spike from the $20.8 million reported in Q2 2024. The 700 basis point margin jump of 28.8% is a quarterly record for the technology and data company.
Group net loss of $53.9 million was up from the $21.8 million loss a year ago, mainly due to stock-based compensation to employees for equity awards and warrants issued to the NFL following the extension of their licensing agreement. Total operating expenses jumped from $49 million in Q2 2024 to $89 million in the latest quarter.
Much of the cost increase came from general and administrative, but sales and marketing also saw a major bump in Q2.
Set up for success
The data, technology, and broadcast company’s products and services are used in more than 150 countries, and Genius is partnered with sportsbooks FanDuel, DraftKings, and bet365. The company has deals with sports leagues like the NFL, NCAA, and English Premier League, as well as broadcast partners like NBC and ESPN.
Genius expanded its lucrative, real-time data-providing partnership with the NFL in June through the 2030 Super Bowl. The technology company will also continue offering Next Gen Stats and video-latency betting feeds to media partners and sportsbooks.
Prior to the Q2 success, Genius also announced a new data partnership with European soccer leagues earlier this week.
“Our new partnerships with Serie A and European Leagues further demonstrate the strength of our technology and how it is fundamentally transforming the traditional rights model,” said Mark Locke, Genius Sports co-founder and CEO. “Additionally, our extended and expanded partnership with the NFL reinforces our confidence in the long-term model, paving the way for continued margin expansion and cash flow growth for the foreseeable future. The strong momentum and new commercial successes across Betting, Media, and Sports underpin our increased full-year 2025 guidance.”
Raising guidance
Genius Sports reported a 44% year-over-year revenue increase in Q1. Genius has generated $262.7 million in group revenue at the midpoint of 2025, a 22% year-over-year increase.
Genius expects to generate roughly $645 million in revenue, which would be a 26% year-over-year increase. Projected Adjusted EBITDA has been raised from $77 million to $135 million for 2025. Those figures are also up from the $630 million in revenue and $125 million in Adjusted EBITDA projected after Q1.
Genius calculated 30% growth from the betting segment and 20% in media technology to arrive at its current guidance. The company again says it will increase its positive annual cash flow in the full year.
