Genius Sports Limited (GENI)

Macquarie Sees World Cup Boost Driving Betting Growth, Favors Flutter Entertainment (FLUT)June 3, 2026 7:04 AM
IH Market News Flutter Entertainment (NYSE:FLUT) stands out as one of the biggest potential beneficiaries of the 2026 FIFA World Cup, according to Macquarie, which expects the expanded tournament to generate a substantial increase in global sports betting activity and provide a meaningful earnings tailwind for leading operators. The investment bank estimates that betting volumes tied to the competition could exceed $50 billion worldwide, creating a favorable backdrop for major sportsbook and online gaming companies. Expanded Tournament Expected to Drive Record Betting Volumes The 2026 FIFA World Cup will be jointly hosted by the United States, Canada and Mexico during June and July 2026. The competition will feature a significantly larger format, expanding from 32 to 48 national teams and increasing the total number of matches to more than 100 over a six-week period. According to Macquarie, the new structure will result in approximately 60% more matches than the 2022 tournament, creating additional opportunities for wagering activity across global betting markets. The firm noted that the event will include strong participation from countries across Europe, Latin America, Africa and North America, regions that represent some of the most active sports betting markets worldwide. Global Wagers Could Surpass $50 Billion Macquarie estimates that betting turnover during the 2022 FIFA World Cup exceeded $35 billion, equivalent to roughly $500 million wagered per match. Assuming a similar level of betting activity on a per-match basis, the firm believes total wagers during the 2026 tournament could surpass $50 billion. Additional upside could come from the growing popularity of same-game parlays, player proposition bets and other higher-engagement wagering products that have gained traction in recent years. More Mature U.S. Market Creates Additional Opportunity The analysts also highlighted the evolution of the U.S. sports betting landscape since the previous World Cup. When the 2022 tournament took place, legal sports betting was available to approximately 40% of the U.S. population. By the time the 2026 World Cup begins, Macquarie expects that figure to rise to roughly 65%. The broader availability of regulated sports wagering could help drive higher participation and betting volumes during the event. The firm also pointed out that SG&H Capital (SGHC) generated approximately 88% of its 2025 revenue from countries whose national teams are expected to participate in the tournament, illustrating the broad exposure of certain operators to World Cup-related demand. Flutter Positioned Among Key Beneficiaries Macquarie believes operators with strong international football exposure and diversified online gaming ecosystems are best positioned to translate elevated customer engagement into stronger financial performance. Flutter was highlighted as one of the leading beneficiaries due to its significant European footprint, with approximately 35% of its business linked to the region. Rush Street Interactive (NYSE:RSI) was also identified as a potential winner, supported by its roughly 20% exposure to Latin American markets. In addition to Flutter and Rush Street, the firm cited SG&H Capital, Sportradar (NASDAQ:SRAD) and Genius Sports (NYSE:GENI) as companies that could benefit from increased betting activity surrounding the tournament. World Cup Could Deliver Meaningful Earnings Upside Macquarie estimates that the 2026 FIFA World Cup could contribute an EBITDA uplift of between 2% and 5% for betting operators during 2027, as the financial impact of elevated wagering activity flows through to earnings. The firm believes the combination of a larger tournament format, expanding regulated betting markets and growing demand for advanced wagering products creates a compelling opportunity for sportsbook operators heading into the event. More About Flutter Entertainment Flutter Entertainment is one of the world’s largest online betting and gaming operators, owning a portfolio of brands that includes FanDuel, Paddy Power, Betfair, PokerStars and Sky Betting & Gaming. The company operates across multiple regulated markets worldwide and has established a leading position in online sports betting, iGaming and fantasy sports. Flutter stock price Super Group SGHC stock price Rush Street Interactive Original: Macquarie Sees World Cup Boost Driving Betting Growth, Favors Flutter Entertainment (FLUT)

Genius Sports Announces Close of Acquisition of LegendMay 1, 2026 6:00 AM
Business Wire
Continues to expect Acquisition to be immediately accretive to Group Adjusted EBITDA margins and Free Cash Flow conversion.


Genius Sports Limited (“Genius Sports”) (NYSE:GENI), a global leader in real-time sports data, today announced it has completed its previously announced acquisition of Legend, a global, digital sports and gaming media network.


Legend provides a scaled media platform, with world-class marketing technology powering owned and operated digital properties including Covers.com, Casino.org and Casino Guru. In 2025, Legend generated 320 million annual visits from 118 million unique visitors, with more than two-thirds returning on a regular basis.


With the acquisition of Legend, Genius Sports is uniquely positioned as the only company operating two synergistic businesses across official sports data, and media and advertising.


“Genius Sports has spent years building the data infrastructure behind modern sport. With Legend, we now extend that into the moment where fans choose to participate and act,” said Mark Locke, CEO of Genius Sports. "This combination not only strengthens our core sports business but also expands our ability to monetize new audiences in iGaming, increasing the economic value of our platform across both verticals and driving significant cash flow.”


Genius Sports plans to provide additional details and updates during its upcoming earnings call on Thursday, May 7, 2026.


About Genius Sports


Genius Sports is the official data, technology and broadcast partner that powers the global sports, betting and media ecosystem. Our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.


We are the trusted partner to over 1,000 sports organizations, including many of the world’s largest leagues, teams, sportsbooks, brands and broadcasters, such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, bet365, Coca-Cola, EA Sports, CBS, NBC and ESPN.


Genius Sports is uniquely positioned through AI, computer vision and big data to power the future of sports fan experiences. From delivering augmented broadcasts and enhanced highlights, to automated officiating tools, immersive betting solutions and personalized marketing activations, we connect the entire sports value chain from the rights holder all the way through to the fan.


Forward-Looking Statements


This press release contains forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements, including but not limited to statements relating to the results of the combined company and the benefits from the Legend acquisition. These forward-looking statements include information about our possible or assumed future results of operations or our performance. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Although Genius Sports believes that the forward-looking statements contained in this press release are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to: the outcome of any legal proceedings related to the acquisition or otherwise, including the risk of shareholder litigation in connection with the acquisition, including resulting expense; the ability of the combined company to successfully manage legal, tax and regulatory risks relating to the acquisition; difficulties and delays in integrating Legend’s business into that of Genius Sports’s business; failing to fully realize anticipated cost savings and other anticipated benefits of the acquisition when expected or at all; business disruptions from the acquisition that will harm the combined company’s business, including current plans and operations; potential adverse reactions or changes to business relationships resulting from the completion of the acquisition; the ability of the combined company to retain and hire key personnel; the diversion of management’s attention from ongoing business operations; uncertainty as to the long-term value of the ordinary shares of Genius Sports following the acquisition, including the dilution caused by Genius Sports’s issuance of additional shares as earn-out consideration; the continued availability of capital and financing following the acquisition; the effects of global economic, political, market, and social events or other conditions; risks related to our reliance on relationships with sports organizations and the potential loss of such relationships or failure to renew or expand existing relationships; fraud, corruption or negligence related to sports events, or by our employees or contracted statisticians; risks related to changes in domestic and foreign laws and regulations or their interpretation; compliance with applicable data protection and privacy laws; pending litigation and investigations; the failure to protect or enforce our proprietary and intellectual property rights; claims for intellectual property infringement; our reliance on information technology; elevated interest rates and inflationary pressures, including fluctuating foreign currency and exchange rates; risks related to domestic and international political and macroeconomic uncertainty; and other factors included under the heading “Risk Factors” in its Annual Report on Form 20-F for the year ended December 31, 2025.


Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Genius Sports undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, or the documents or communications to which we refer readers in this press release, to reflect any change in our expectations with respect to such statements or any change in events, conditions or circumstances upon which any statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260501560591/en/
Media

George Smith, Head of Communications

+44 (0) 7375 087 125

george.smith@geniussports.com


Investors

Brandon Bukstel, Investor Relations Manager

+1 (954)-554-7932

brandon.bukstel@geniussports.com


Original: Genius Sports Announces Close of Acquisition of Legend

$GENI: Looks like a buy here at $4.80...............

Legend Acquisition deal should send sales over $1BB annually.

FIFA approaching in a few weeks will take notice and Google Analytics is gonna be soooooooo prominent in live broadcasts.
This is gonna be the rage.

Through Genius Sports official partnership with @CBF_Futebol, SAOT installations are ramping up across Brazilian football to deliver the fastest, most accurate and transparent decisions. https://t.co/ONdW2ASWpk— Genius Sports (@GeniusSports) April 9, 2026

Definitely gonna go to $10 by June 1st !!!!!!


GO $GENI

Genius Sports Announces Availability of Its 2025 Annual Report on Form 20-FMarch 17, 2026 4:10 PM
Business Wire
Genius Sports Limited (“Genius Sports”) (NYSE:GENI) today announced that its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 has been filed with the Securities and Exchange Commission.


The annual report on Form 20-F can be accessed on the Company’s Investor Relations website at investors.geniussports.com or on the SEC’s website at www.sec.gov.


Shareholders may request a hard copy of the Company’s Annual Report, which includes complete audited financial statements, free of charge, by visiting the “Investor & Media Contacts” page of the Company’s Investor Relations website.


About Genius Sports


Genius Sports is the official data, technology and broadcast partner that powers the global sports, betting and media ecosystem. As the operating system of modern sport, our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.


We are the trusted partner to over 1,000 sports organizations, including many of the world’s largest leagues, teams, sportsbooks, brands and broadcasters, such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, bet365, Coca-Cola, EA Sports, CBS, NBC and ESPN.


Genius Sports is uniquely positioned through AI, computer vision and big data to power the future of sports fan experiences. From delivering augmented broadcasts and enhanced highlights, to automated officiating tools, immersive betting solutions and personalized marketing activations, we connect the entire sports value chain from the rights holder all the way through to the fan.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260313295668/en/
Media

Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

chris.dougan@geniussports.com


Investors

Brandon Bukstel, Investor Relations Manager

+1 (954) 554-7932

brandon.bukstel@geniussports.com


Original: Genius Sports Announces Availability of Its 2025 Annual Report on Form 20-F

Genius Sports shares drop after earnings miss despite strong revenue growthMarch 4, 2026 10:07 AM
IH Market News
Genius Sports Limited (NYSE:GENI) reported fourth-quarter results on Wednesday that fell short of earnings expectations even as revenue came in above analyst forecasts.The company’s shares declined 5.56% in premarket trading following the announcement.The sports data and technology provider reported a quarterly loss of $0.08 per share, significantly below the analyst consensus estimate of a $0.04 profit.Revenue, however, reached $240.5 million, exceeding the expected $227.14 million and rising 37% from $175.5 million in the same quarter a year earlier. Adjusted EBITDA totaled $48.3 million, representing a 49% year-over-year increase, while margins expanded by 170 basis points to 20.1%.For the full year 2025, Genius Sports generated revenue of $669.5 million, up 31% from the previous year. Adjusted EBITDA came in at $136.2 million, reflecting 59% growth and a margin of 20.4%.The company’s net loss widened to $111.6 million compared with $63.0 million in 2024, mainly due to higher stock-based compensation tied to NFL warrants and one-time equity awards.“2025 was a year of accelerated Group Revenue growth and record Group Adj. EBITDA for Genius Sports,” said Mark Locke, Co-Founder and CEO. “Our Betting business continues to outpace the broader industry, while our Media business is reaching a clear inflection point.”The company reiterated its standalone outlook for 2026, projecting revenue between $810 million and $820 million and adjusted EBITDA of $180 million to $190 million. The midpoint revenue estimate of $815 million remains well below the analyst consensus of $873.8 million.Genius Sports also said that following its planned acquisition of Legend, which is expected to close in the second quarter, the combined company could generate roughly $1.1 billion in revenue and $320 million to $330 million in adjusted EBITDA on an annualized pro forma basis for 2026.Genius Group stock price

Original: Genius Sports shares drop after earnings miss despite strong revenue growth

Genius Sports and Magnite Embed Official Live Sports Moments into Scaled Programmatic InfrastructureMarch 2, 2026 4:30 PM
Business Wire
New integration embeds Genius Sports’ official Moment Engine within Magnite’s ClearLine platform, with availability expected for March Madness.


Genius Sports (NYSE: GENI) today announced a direct integration between its official Moment Engine and Magnite (NASDAQ: MGNI), the largest independent sell-side advertising platform.


The integration embeds Genius Sports’ verified, real-time sports signals directly into Magnite’s ClearLine platform for curation and activation. Through this integration, official in-game moments can be activated across premium CTV and digital inventory transacted through Magnite.


As live sports remain one of the few environments delivering mass, simultaneous attention, the ability to synchronize advertising and game action redefines how live sports inventory is authenticated, executed, and measured.


The partnership reinforces Genius Sports’ role as the control layer connecting official league data, fan identity and intent data, and advertising execution, to efficiently and effectively monetize fans.


Genius Sports’ Moment Engine identifies meaningful in-game events as they occur and converts them into verified advertising signals that activate natively as Deals within the Magnite platform. Powered exclusively by official league data and enriched by the Genius Fan Graph of more than 250 million US consumers, the system pairs authenticated sports moments with deterministic fan identity.


During March Madness, for example, a decisive late-game scoring moment captured through official NCAA data is instantly converted into an authenticated advertising trigger inside ClearLine. That trigger activates a pre-configured Deal aligned to relevant fan audiences across premium CTV inventory, within seconds.


Because the signal is derived from official league data rather than delayed or probabilistic feeds, advertisers gain scalable, real-time access to peak engagement windows within their existing programmatic media buying workflows.


By synchronizing authenticated league data with deterministic fan identity inside scaled SSP infrastructure, Genius Sports shifts live sports advertising from contextual approximation to authenticated execution. The result is greater precision and increased value for premium inventory.


These real-time signals complement Magnite’s made-for-live-streaming capabilities, including Live Scheduler, the industry’s first standardized framework to plan, activate, and measure live CTV advertising. By embedding official sports triggers directly within ClearLine, advertisers can align messaging with the pace of the game without relying on external overlays or inferred data sources, delivering differentiated access to premium live sports environments.


The solution is expected to be available in time for the 2026 NCAA Division I men’s and women’s basketball tournaments, providing brands scaled access to authenticated live sports signals during one of the most valuable advertising windows of the year.


Upon closing of the previously announced acquisition of Legend, Genius Sports will expand the Moment Engine with additional fan audiences and engagement signals from Legend’s digital sports and gaming media network. Combined, these capabilities will help brands and media owners activate around live moments with measurable outcomes, supporting participation-driven monetization across the fan journey.


“This marks a structural shift in how live sports is monetized in digital environments,” said Josh Linforth, Chief Revenue Officer at Genius Sports. “For the first time, advertisers can activate against official, verified sports moments inside scaled programmatic infrastructure in real time. By combining exclusive league data, deterministic fan intelligence, and premium supply, we are building the control layer for live sports advertising.”


“By layering the Genius Sports Moment Engine into our platform, we’re delivering the precision and speed that live sports demand,” said Mike Laband, Group SVP, US Revenue at Magnite. “This synchronization allows advertisers to align their messaging with the pulse of the game across our premium publisher footprint. Providing this level of accuracy and contextual relevance is a game changer for how the industry values and monetizes live streaming.”


About Genius Sports


Genius Sports is the official data, technology, and broadcast partner that powers the global sports, betting, and media ecosystem. Our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.


We are the trusted partner to over 700 sports organizations, including many of the world’s largest leagues, teams, sportsbooks, brands and broadcasters, such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, bet365, Coca-Cola, EA Sports, CBS, NBC and ESPN.


Genius Sports is uniquely positioned through AI, computer vision, and big data to power the future of sports fan experiences. From delivering augmented broadcasts and enhanced highlights to automated officiating tools, immersive betting solutions, and personalized marketing activations, we connect the entire sports value chain from the rights holder all the way through to the fan.


About Magnite


We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302577777/en/
Press:

Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

chris.dougan@geniussports.com


Investors:

Brandon Bukstel, Investor Relations Manager

+1 (954)-554-7932

brandon.bukstel@geniussports.com


Original: Genius Sports and Magnite Embed Official Live Sports Moments into Scaled Programmatic Infrastructure

Genius Sports to Announce Fourth Quarter and Full Year 2025 Results on March 4February 24, 2026 4:05 PM
Business Wire
Genius Sports Limited (“Genius Sports”) (NYSE:GENI) today announced that it will release its fourth quarter and full year 2025 results before 8:00AM ET on Wednesday, March 4, 2026.


At 8:00AM ET on the same day, Genius Sports will host a conference call to discuss the results.


Genius Sports’ earnings press release and related materials will be available at investors.geniussports.com. To listen to the live audio webcast and Q&A, please visit Genius Sports’ investor relations website at investors.geniussports.com. A replay of the webcast will be available on the website within 24 hours after the call.


About Genius Sports


Genius Sports is the official data, technology and broadcast partner that powers the global sports, betting and media ecosystem. As the operating system of modern sport, our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.


We are the trusted partner to over 1,000 sports organizations, including many of the world’s largest leagues, teams, sportsbooks, brands and broadcasters, such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, bet365, Coca-Cola, EA Sports, CBS, NBC and ESPN.


Genius Sports is uniquely positioned through AI, computer vision and big data to power the future of sports fan experiences. From delivering augmented broadcasts and enhanced highlights, to automated officiating tools, immersive betting solutions and personalized marketing activations, we connect the entire sports value chain from the rights holder all the way through to the fan.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260224438005/en/
Media


Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

chris.dougan@geniussports.com


Investors

Brandon Bukstel, Investor Relations Manager

+1 (954) 554-7932

brandon.bukstel@geniussports.com


Original: Genius Sports to Announce Fourth Quarter and Full Year 2025 Results on March 4

Genius Sports Enters into Definitive Agreement to Acquire Legend, Creating a Digital Sports and Gaming Media PowerhouseFebruary 5, 2026 6:00 AM
Business Wire

Legend provides a scaled media platform, with world-class marketing technology powering owned and operated digital properties as well as syndication of sports and betting content



The acquisition will provide Genius Sports with a unique structural position as the only company operating two synergistic businesses across official sports data and media and advertising



Combination will unlock greater scale, stronger margins, and higher cash conversion than previously communicated at Investor Day



Genius Sports Limited (NYSE: GENI) (“Genius Sports”) today announced it has entered into a definitive agreement (“Agreement”) to acquire Legend, a global, digital sports and gaming media network built to monetize attention, in a transaction valued at up to $1.2 billion, including $900 million payable at closing and an earnout of up to $300 million.


For Genius Sports, the transaction is expected to be immediately accretive to Group Adjusted EBITDA margins and Free Cash Flow conversion while maintaining at least 20% Group Revenue CAGR through 2028. On a 2026 annualized pro forma basis; after giving effect to the acquisition, the combination is expected to position us to achieve approximately $1.1 billion in Group Revenue, $320-330 million in Group Adjusted EBITDA with approximately 50% Free Cash Flow conversion.


Legend monetizes sports audiences through a scaled media network, with world-class marketing technology powering owned and operated digital properties. It also syndicates sports and betting content across major publications, such as Sports Illustrated and Yahoo Sports.


When sports fans are actively researching teams, players, odds, or scores, Legend’s technology helps connect those fans with relevant sportsbooks, gaming products, and advertisers in the moments they are most likely to act.


In 2025, Legend generated 320 million annual visits from 118 million unique visitors, with more than two-thirds returning on a regular basis. This acquisition will bring a large, highly engaged sports and gaming audience into Genius Sports’ media ecosystem, along with predictable revenue.


Through FANHub, the world’s first sports fan activation platform, Genius Sports will connect this global audience and marketing technology with its full range of over 2,000 combined sports, media and betting partners via one integrated platform.


“This deal accelerates our strategic and financial objectives, supercharges fan monetization, and builds a fully integrated sports and gaming media network,” said Mark Locke, CEO of Genius Sports. “For Genius Sports and our global partners, it delivers more data, more audience, more inventory and greater monetization of sports fans. The acquisition of Legend will drive higher margins and stronger free cash flow, positioning Genius Sports to immediately transform the market and grow the size and scale of our business.”


“Joining forces with Genius Sports brings together two world-class teams, unlocks unparalleled growth opportunities for our partners and products, and gives us an even stronger platform to scale,” said Nick Kisberg, Founder of Legend. “I am immensely proud of what we have built and the decades of hard work that have brought us here today."


Preliminary Estimates of 2025 Financial Results and Updated Financial Outlook


Additionally, Genius Sports is reporting its preliminary unaudited estimates of financial results for the fiscal year ended December 31, 2025, subject to normal year-end adjustments:



Group Revenue of $669 million, reflecting 31% year-on-year growth



Group Adjusted EBITDA of $136 million, reflecting 59% year-on-year growth



Group Adjusted EBITDA margin of 20%



Cash and cash equivalents of $281 million



Genius Sports also expects it would generate Group Revenue of approximately $810-820 million, and Group Adjusted EBITDA of approximately $180-190 million in 2026 on a standalone basis. At the midpoint, this represents Group Revenue and Group Adjusted EBITDA growth of 22% and 36%, respectively, and a Group Adjusted EBITDA margin of 23%.


The acquisition and integration of Legend will also set a higher performance benchmark for 2028, reflecting the expanded scale of Genius Sports’ media and advertising platform and accelerated monetization across its global inventory:



Group Revenue of $1.6 billion, representing approximately 21% CAGR from 2026 to 2028



Group Adjusted EBITDA margin of approximately 35%



Free Cash Flow conversion of at least 60%



Transaction Details


The upfront consideration represents $900 million at close, comprising $800 million in cash and $100 million in stock consideration, with an additional earnout of up to $300 million split evenly across two years post-closing. The earnout is tied to the achievement of certain profitability and cash flow thresholds and is payable in cash or stock, at Genius’ election, subject to customary conditions.


At closing, Genius Sports expects to fund the acquisition with a $850 million Term Loan B issuance, with its revolving credit facility remaining undrawn. Pro forma leverage is expected to be below 3.0x, and the company expects to rapidly delever by more than half by 2028, driven by our strong and visible growth trajectory. The proposed acquisition is expected to close in the second quarter of 2026, subject to customary closing conditions.


Deutsche Bank Securities Inc. and Goldman Sachs & Co, LLC, are serving as financial advisors to Genius Sports and are providing committed financing related to the transaction. Macfarlanes LLP and Kirkland & Ellis LLP are serving as legal counsel to Genius Sports.


Oakvale Capital LLP and The Raine Group are serving as financial advisors to Legend. Latham & Watkins LLP and Herzog Fox & Neeman are serving as legal counsel to Legend.


Webcast and Conference Call Details


Genius Sports management will host a conference call and webcast today at 8:00AM ET to discuss the acquisition.


The live conference call and webcast may be accessed on the Genius Sports Investor Relations website at investors.geniussports.com or via the direct link below:


https://genius-sports-acquisition-of-legend-feb-2026.open-exchange.net/


A replay of the webcast will be available on the website within 24 hours after the call.


About Genius Sports


Genius Sports is the official data, technology and broadcast partner that powers the global sports, betting and media ecosystem. Our technology is used in over 150 countries worldwide, creating highly immersive products that enrich fan experiences across the entire sports industry.


We are the trusted partner to over 1,000 sports organizations, including many of the world’s largest leagues, teams, sportsbooks, brands and broadcasters, such as the NFL, English Premier League, NCAA, DraftKings, FanDuel, bet365, Coca-Cola, EA Sports, CBS, NBC and ESPN.


Genius Sports is uniquely positioned through AI, computer vision and big data to power the future of sports fan experiences. From delivering augmented broadcasts and enhanced highlights, to automated officiating tools, immersive betting solutions and personalized marketing activations, we connect the entire sports value chain from the rights holder all the way through to the fan.


About Legend


Legend is the home of next-level player experience. Founded over 20 years ago, Legend is pioneering the way that people explore, play and bet on what they love.


Legend’s marketing and data-powered engine is behind more than 25 world-class brands in sports and gaming. The company is laser-focused on making every player interaction smarter, faster and more engaging.


With a team of more than 800 people, Legend combines deep industry expertise with a vibrant culture and ambitious mindset to deliver value on a global scale.


Preliminary Financial Information


The unaudited financial information presented in this press release is preliminary and may change as a result of, among other factors, Genius Sports’ financial closing procedures and as a result, Genius Sports' final results may vary materially from the preliminary results included in this press release. The preliminary financial information included in this press release reflects Genius Sports' current estimates based on information available as of the date of this press release and has been prepared by company management. This preliminary information should not be viewed as a substitute for full financial information prepared in accordance with GAAP and is not necessarily indicative of the results to be achieved for any future periods. This preliminary information could be impacted by the effects of financial closing procedures, final adjustments, and other developments.


Adjusted EBITDA and Free Cash Flow


We present Group adjusted EBITDA, Group adjusted EBITDA margin, Free Cash Flow, and Free Cash Flow Conversion, non-GAAP performance measures, to supplement our results presented in accordance with U.S. GAAP. Group Adjusted EBITDA is defined as earnings before interest, income tax, depreciation and amortization and other items that are unusual or not related to Genius’ revenue-generating operations, including but not limited to stock-based compensation expense (including related employer payroll taxes), litigation and related costs, transaction expenses and gain or loss on foreign currency. Group adjusted EBITDA margin is defined as Group adjusted EBITDA as a percentage of Group Revenue. Free Cash Flow is defined as Group adjusted EBITDA less Capitalization of internally developed software costs, purchases of property and equipment, changes in net working capital, and taxes. Free Cash Flow conversion is defined as Free Cash Flow as a percentage of Group adjusted EBITDA.


Group Adjusted EBITDA and Free Cash Flow are used by management to evaluate Genius’ core operating performance on a comparable basis and to make strategic decisions. Genius believes these measures are useful to investors for the same reasons as well as in evaluating Genius’ operating performance against competitors, which commonly disclose similar performance measures. However, Genius’ calculation of Group Adjusted EBITDA and Free Cash Flow may not be comparable to other similarly titled performance measures of other companies. These measures are not intended to be a substitute for any US GAAP financial measure.


We do not provide a reconciliation of non-GAAP measures on a forward-looking basis because we are unable to forecast certain items required to develop meaningful comparable GAAP financial measures without unreasonable efforts. These items are difficult to predict and estimate and are primarily dependent on future events. The impact of these items could be significant to our projections.


Forward-Looking Statements


This report contains forward-looking statements as defined in Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, that involve significant risks and uncertainties. All statements other than statements of historical facts are forward-looking statements, including but not limited to statements relating to the closing timeline of the proposed acquisition and the results of the combined company, the preliminary estimates of financial results and our updated financial outlook. These forward-looking statements include information about our possible or assumed future results of operations or our performance. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Although Genius Sports believes that the forward-looking statements contained in this press release are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in such forward-looking statements, including but not limited to: financial closing procedures, final adjustments, and other developments; the occurrence of any event, change or other circumstances that could give rise to the right of one or more of the parties to terminate the Agreement; the outcome of any legal proceedings related to the proposed acquisition or otherwise, including the risk of shareholder litigation in connection with the proposed acquisition , including resulting expense or delay; the ability of Genius Sports and/or Legend to successfully manage legal, tax and regulatory risks in connection with their respective business or relating to the proposed acquisition; the ability to obtain regulatory approvals and meet other closing conditions to the proposed acquisition on a timely basis or at all, including the risk that regulatory approvals required for the proposed acquisition are not obtained on a timely basis or at all, or are obtained subject to conditions that are not anticipated or that could adversely affect Genius Sports following the proposed acquisition or the expected benefits of the proposed acquisition; risks related to the financing in connection with the proposed acquisition; difficulties and delays in integrating Legend’s business into that of Genius Sports’ business; failing to fully realize anticipated cost savings and other anticipated benefits of the proposed acquisition when expected or at all; business disruptions from the proposed Transaction that will harm Genius Sports’ or Legend’s businesses, including current plans and operations; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the proposed acquisition; the ability of Genius Sports or Legend to retain and hire key personnel; the diversion of management’s attention from ongoing business operations; uncertainty as to the long-term value of the ordinary shares of Genius Sports following the proposed acquisition, including the dilution caused by Genius Sports’s issuance of additional shares as earn-out consideration; the continued availability of capital and financing following the proposed acquisition; the effects of global economic, political, market, and social events or other conditions; risks related to our reliance on relationships with sports organizations and the potential loss of such relationships or failure to renew or expand existing relationships; fraud, corruption or negligence related to sports events, or by our employees or contracted statisticians; risks related to changes in domestic and foreign laws and regulations or their interpretation; compliance with applicable data protection and privacy laws; pending litigation and investigations; the failure to protect or enforce our proprietary and intellectual property rights; claims for intellectual property infringement; our reliance on information technology; elevated interest rates and inflationary pressures, including fluctuating foreign currency and exchange rates; risks related to domestic and international political and macroeconomic uncertainty; and other factors included under the heading “Risk Factors” in its Annual Report on Form 20-F for the year ended December 31, 2024.


Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Although we believe that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Genius Sports undertakes no obligation to publicly update or revise any forward-looking statements contained in this report, or the documents to which we refer readers in this report, to reflect any change in our expectations with respect to such statements or any change in events, conditions or circumstances upon which any statement is based.


Important Cautionary Note about Combined Financial Information and Projections


The projected financial information for the combined businesses of Genius Sports and Legend is based on management’s estimates, assumptions and projections and has not been prepared in conformance with the applicable requirements of Regulation S-X relating to pro forma financial information, and the required pro forma adjustments have not been applied and are not reflected therein. This information is provided for illustrative purposes only and should not be considered in isolation from, or as a substitute for, the historical financial statements of Genius Sports.


Our independent auditors have not audited, reviewed, compiled, or performed any procedures with respect to the projections for the purpose of their inclusion in this presentation and, accordingly, have not expressed an opinion or provided any other form of assurance with respect thereto for the purpose of this press release. The assumptions and estimates underlying the projected information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projected information. Various factors could cause actual future results to differ materially from those currently estimated by management, including, but not limited to, the risks described above and in Genius Sports's filings with the SEC. Accordingly, there can be no assurance that our actual results will not differ materially from those presented in the projected information. Inclusion of the projected information in this press release should not be regarded as a representation by any person that the results contained in the projected information will be achieved.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260205730912/en/
Genius Sports

Media

Chris Dougan, Chief Communications Officer

+1 (202) 766-4430

chris.dougan@geniussports.com


Investors

Brandon Bukstel, Investor Relations Manager

+1 (954)-554-7932

brandon.bukstel@geniussports.com


Legend

Julia Milavic Davies, Head of Communications

+44 7968 902449

julia.milavicdavies@l1.com


Original: Genius Sports Enters into Definitive Agreement to Acquire Legend, Creating a Digital Sports and Gaming Media Powerhouse

A number of solid reports on GENI, but little activity on this board. What are you thinking about this company? Projections aren't much higher than current share, maybe an extra 10% run.

GENI, new 52 week high

GENI, 10 Q due 3/4

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GENI new 52=week high

GENI new 52 high

B. Riley Adjusts Target on Genius Sports to $10 From $9, Maintains Buy Rating
09:30:18 AM ET, 08/07/2024 - MT Newswires
09:30 AM EDT, 08/07/2024 (MT Newswires) -- Genius Sports (GENI) has an average rating of buy and price targets ranging from $7 to $12, according to analysts polled by Capital IQ.

10:40 AM EDT, 06/26/2024 (MT Newswires) -- Genius Sports (GENI) said Wednesday that it has secured an agreement with the Union of European Football Associations, known as UEFA, to provide center of mass player tracking technology.

The agreement covers seasons 2024/2025 to 2026/2027 inclusive of the UEFA Europa League as well as the UEFA European Qualifiers and the UEFA Nations League 2024/25 to 2027/2028 seasons inclusive, the company said in a regulatory filing.

GENI10Q due March 6

$GENI - 👆Up 9% Pre-Market/ Current Price $8.18
Reports Q2 Results Ahead of Expectations and Raises Full-Year Revenue and Group Adj. EBITDA Guidance

GENI new 52 week high

GENI new 52=week high

GENI No 2 on early Barchart Top 100
https://www.barchart.com/stocks/performance/percent-change/advances?timeFrame=today&viewName=main&screener=overall