Genius Sports has reported revenue of $71.1m for the second quarter of 2022, a 27% increase from the prior-year period.
Betting Technology, Content & Services revenue amounted to $44.8m, a 10% increase from the prior-year period, with Media Technology, Content & Services revenue increasing 88% year-on-year to $15m. And Sports Technology & Services revenue represented $11.3m, a 57% growth from the prior-year period.
Adjusted EBITDA climbed by 61% year-on-year to $8.4m, which Genius noted was driven by “disciplined cost control, continued investment in the high-growth US business, and overall revenue mix.”
Net loss for the period was $4.8m, representing a 99% year-on-year improvement, driven primarily by a “reduction in stock-based compensation” compared to Q2 2021.