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Rising costs offset strong revenue growth at Genius Sports

13th May 2022 8:05 am GMT

Sports data and technology provider Genius Sports has reported a 59.9 per cent increase in group revenue to $85.92m for the first quarter of 2022, although cost of revenue increased by more than double that rate during the period.

The strong revenue growth was driven by a 27.6 per cent increase in Betting Technology, Content & Services revenue to $49.72m, with Media Technology, Content & Services revenue climbing 157.3 per cent year-on-year to $24.13m. Sports Technology [...]

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