🔹 Revenue: $118.7M (Est. $118.3M) 🟢; UP +24% YoY
🔹 EPS: ($0.21) (Est. -$0.01) 😕
🔹 Net Loss: ($53.9M); driven by one-time stock comp & NFL warrants
FY Guide (Raised):
🔹 Revenue: ~$645M (Est. $620.8M) 🟢; +26% YoY
🔹 Adj. EBITDA: ~$135M; +57% YoY
🔹 EBITDA Margin: Expanding to 21% (up +410 bps)
🔹 FCF: Positive annual cash flow still expected for FY25
Q2 Segment Revenue Breakdown:
🔹 Betting Tech, Content & Services: $87.5M; UP +30% YoY
🔹 Media Tech, Content & Services: $18.6M; UP +4% YoY
🔹 Sports Tech & Services: $12.6M; UP +22% YoY
Other Metrics:
🔹 Adj. EBITDA: $34.2M; UP +64% YoY
🔹 Adj. EBITDA Margin: 28.8% (UP +700 bps YoY)
Strategic & Business Highlights:
🔸 Extended NFL partnership through 2030 Super Bowl
🔸 Secured official data/streaming rights for Serie A and European Leagues
🔸 Signed PMG partnership (brands: Nike, TurboTax, Beats)
🔸 Showcased GeniusIQ tech at FIBA U19 World Cup
🔸 Appointed Bryan Castellani (ex-Disney, ESPN, Warner) as CFO effective Oct 1