Genius Sports is a picks-and-shovels investment of sorts to the sports betting industry. By adding Legened, the company hopes to better monetize the data from its sports betting capabilities.
NEW YORK & LONDON--(BUSINESS WIRE)--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...
LONDON & NEW YORK--(BUSINESS WIRE)--Genius Sports Limited (“Genius Sports”) (NYSE:GENI) has launched BetVision for Tennis in time for the ongoing Australian Open, enhancing the live betting experience for sportsbook customers worldwide. BetVision transforms the live betting experience by combining low latency live streams with integrated betslips, official game stats and micro markets – all wit...
Genius Sports is maintained at a buy rating with an $11.7 price target, implying 18% upside from current levels. GENI's Media technology segment is accelerating, growing 89% YoY in Q3, and is expected to become increasingly central to the business. Margin expansion is anticipated as ad-tech leverages existing data rights, creating higher incremental profitability.
This mid-cap stock's late 2025 slide could prove to be a generational buying opportunity. The reason behind that tumble is actually an opportunity for this company.
Global Alpha increased its Genius Sports stake by 537,900 shares, a net position change of $15.05 million. The transaction value represents 0.37% of 13F reportable assets under management.
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