Genius Sports’ revenue is forecast to rise at a compound annual growth rate of 29% in the coming years

Genius Sports Secures Multi-Year Official Data and Video Streaming  Partnership With Japan B.LEAGUE

Genius Sports (NYSE GENI at https://www.webull.com/quote/nyse-geni) collects data from sporting events and distributes it to partners, including several of the world’s largest sports betting firms. With a 40% market share, Genius Sports is the leading sports data rights holder. Genius Sports is one of only two full-service providers of this size in the sports data industry, along with Sport radar.

Sport radar was estimated at $2.8 billion in 2018 and has increased in value since then. The Company is now rumored to be exploring an initial public offering (IPO) or a SPAC sale.

Genius Sports’ revenue is forecast to rise at a compound annual growth rate of 29% in the coming years. 60% of the Company’s income is recurring.

From 2020 to 2025, the sports betting industry in the United States is projected to expand at a compound annual growth rate of 31%. Genius intends to expand by acquiring new rights and making strategic acquisitions.

Genius Sports is the global ecosystem’s official info, technology, and commercial partner, linking sports, betting, and media. In terms of digital sports content, technology, and integrity services, we are a global pioneer.

Genius Sports is ideally positioned to support our partners due to its cutting-edge technology, scope, and global reach. We are more than a technology company; we cultivate long-term partnerships with sports organizations at all levels, assisting them in maintaining ownership of and maximizing the value of their content while providing strategic knowledge and round-the-clock support.

dMY Technology Group, Inc. II was a publicly traded special purpose acquisition corporation formed to effect a merger, asset acquisition, capital stock swap , stock purchase, reorganization, or other similar business combination with one or more companies.

The merged Company changed its name to Genius Sports Limited after the Business Combination was completed (Genius Sports). Genius Sports is well-positioned to capitalize on the significant growth anticipated in the global online sports betting industry, with over $145 million in cash and no financial debt on the balance sheet. GSG is a leading provider of sports data and technology that helps to fuel the sports, betting, and media industries. Genius Sports collects data from sporting events worldwide and distributes it to sports betting operators, enabling them to better communicate with and protect their customers through reliable, high-quality data and content. The Company is a market leader with a large portfolio of official data rights – a feed of live sports statistics sanctioned and owned by the applicable governing league. Genius Sports offers data on over 240,000 activities every year – almost every hour of every day – and is the official data provider for over 150,000 of them. The Company also specialises in digital marketing and interaction for the sports industry, allowing brands to reach out to fans worldwide with personalized, multi-channel content. There are many other stocks like nasdaq adxs at https://www.webull.com/quote/nasdaq-adxs.