24/7 Market News Snapshot 04 March, 2025 – Genius Sports Limited (NYSE:GENI)

March 4, 2025

DENVER, Colo., 04 March, 2025 (247marketnews.com) – (NYSE:GENI) are discussed in this article.
Genius Sports Limited has demonstrated remarkable performance and investor enthusiasm as evidenced by the stock’s latest activity. Opening at $8.94, shares have surged to $9.246, reflecting an impressive increase of 11.13% from the previous closing price of $8.32. This surge indicates strong buying interest, potentially spurred by positive news or market momentum, along with a trading volume of 5.91 million shares that highlights heightened market activity. Analysts should monitor resistance levels around $9.50 and support around $8.50 as they look for trends in the coming sessions.

In tandem with this stock performance, Genius Sports has reported exceptional financial results for the fourth quarter and full year ending December 31, 2024. The fourth-quarter revenue reached $175.5 million, showcasing a remarkable year-over-year growth rate of 38%, while full-year revenue rose to $510.9 million, reflecting a 23.7% increase compared to 2023. CEO Mark Locke highlighted that the year marked significant commercial achievements, including key contract renewals that solidify the company’s foundation for future growth.

The company’s Betting Technology, Content & Services segment emerged as the standout performer, with a revenue surge of 47.9% driven by strategic price adjustments and enhanced customer engagement. Meanwhile, the Media Technology, Content & Services and Sports Technology & Services divisions also posted gains of 4.2% and 47.3% respectively, underlining the firm’s innovative approach and market expansion.

Despite facing a net loss of $28.2 million in the fourth quarter—which marks an improvement from the prior year—Genius Sports reported an adjusted EBITDA of $32.4 million, reflecting a substantial 171% increase. This indicates ongoing operational effectiveness and a commitment to shareholder value. With ambitious targets for 2025, the company anticipates generating approximately $620 million in revenue and an adjusted EBITDA of around $125 million, forecasts that reinforce its dedication to innovation and cash flow enhancement for partners across the sports and media landscape.

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