GENI reported Q1 group revenue of $144M, up 20% year-over-year, with group adjusted EBITDA nearly tripling to $20M (14% margin, up 800bps YoY), driven by strong growth in the betting business (up 44% YoY) and successful contract renewals.
The company expanded its NCAA partnership through 2032, securing exclusive data rights for March Madness and all postseason tournaments at no out-of-pocket cost, positioning GENI to provide exclusive NCAA data and marks to licensed sportsbooks and drive incremental revenue.
GENI launched several new products, including semi-automated offside technology (SAOT) now live in the English Premier League, Performance Studio for 3D match analysis, and expanded BetVision for soccer, all leveraging the Genius IQ AI platform to create a "flywheel" effect across sports tech, betting, and media.
The company reiterated its 2025 guidance: at least $620M in group revenue (21% growth), $105M in group adjusted EBITDA (over 300bps margin expansion to 20%), increased cash flow versus 2024, and a long-term target of at least 30% EBITDA margin; a $100M share repurchase program was also authorized.
Media revenue declined YoY due to a tough comp but is expected to return to low-to-mid teens growth for full-year 2025, with upside potential from Fanhub and BetVision expansion; cash flow is expected to be positive and meaningfully higher in 2025, following typical seasonal patterns.